President Trump’s abrupt shift in rhetoric Tuesday toward Federal Reserve Chair Jerome H. Powell reflected the private lobbying of some of his senior advisers, who urged the president to back off his incendiary attacks.
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Before Trump was elected we were warned if he did go back to the White House to not be triggered by every tweet discussion on CNBC and yet that’s exactly what the market does
Nothing this man says can be trusted. He will reverse himself a thousand times on this issue. The damage is done. On the brink of economic collapse and prolonged recession. Trump has destroyed the economic envy of the world in four months. Stunning.
On Monday, the stock market fell precipitously as Trump attacked Powell as a “major loser.”
But by Tuesday afternoon, Trump appeared to dial back his rhetoric, saying he had “no intention of firing” Powell and arguing that the “press runs away with things.”
The president’s shift followed the counsel of several administration officials, including Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick, said the people, who spoke on the condition of anonymity to describe private deliberations.
However, Powell remains an easy, scapegoat target for Trump. As long as economic numbers continue to slide and slump, expect Trump to turn his ire towards Powell again.
On 24 April 1915, Turkish government and its people sent over a million Armenians on death marches. Deprived of food and water and subjected to robbery, rape, and massacres.
Greeks, Assyrians & more were also killed, starved and raped.
All the rats wish to save what is not. Trump has flashed himself wo his phallus. HE IS AN UNRELIABLE PARTNER. USA is a stay away as long as INCOMPETENCE REINS. He has disturbed the World Order for his demented, selfish interests. REMOVE HIM along w Uday and Qusay.
Amazing what a coward he is. Just screaming about Jerome Powell. "What a loser", etc. Posting continuously on his stupid Truth Social, trying to rile up his MAGAts. Now...."I didn't say that". "The press runs away with everything". He got caught! #TrumpGotCaught
I heard Trump reply that Powell is doing a great job now that the stock market is back up. That praise will change by this afternoon or tomorrow at the latest.
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He flips & the markets soar.
Great economic policy & strategy here.
Make America what again?
1. Trump threatens to fire Jerome Powell.
2. Market sinks.
3. Trump people buy shares.
4. Trump says Jerome Powell is safe.
5. Market rises.
6. Trump people sell shares.
7. Rinse and repeat.
But by Tuesday afternoon, Trump appeared to dial back his rhetoric, saying he had “no intention of firing” Powell and arguing that the “press runs away with things.”
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On 24 April 1915, Turkish government and its people sent over a million Armenians on death marches. Deprived of food and water and subjected to robbery, rape, and massacres.
Greeks, Assyrians & more were also killed, starved and raped.
Turkey still Denies it to this day.
Leaves still growing on tree in sign of spring.
@hcrichardson.bsky.social
You are sanewashing.
I always blow the cognitive test.
flip flop, flip flop, flip flop
asking for my friend
t. hesaurus.
trump says nice things about the fed chair and the markets soar.
That, my friends, is a shitty fucking financial system.