The FED Squeeze

 

President Trump complained that we have a ’strong dollar and a weak Fed.’ He added that Jerome Powell did nothing at the recent economic summit that took place in Jackson Hole, Wyoming. He wants them to lower rates even further. He needs to push them all the way and end the Fed.

The Fed may talk about further easing, but they really can’t play that hand. If they do, they’ll be out of alternatives if a recession really does sink in. Then again, there’s not much they can do, anyway. They’re pushing on a string. Their system was supposed to prevent booms and busts. Instead, it has caused them.

Ben Garrison

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