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Thats called treason.
Is O'Keefe back, or are these just his parting shots?
I think his retirement announcement was an Aprils Fools gag….not certain tho.
So Trump was right?
Remember when Powell raised rates 4 times under Trump (Year 1) after keeping at historic lows under Obama for 8 years?
https://www.washingtonpost.com/politics/2019/08/27/why-is-trump-attacking-federal-reserve-we-answer-your-questions/
Expect more rate increases. Inflation is slipping towards Weimar-Argentina style disaster.
While CPI inflation is allegedly only at at 3.5%, inflation is much higher in many basic necessities:
1. Car Insurance Inflation: 22.2%
2. Transportation Inflation: 10.7%
3. Car Repair Inflation: 8.2%
4. Hospital Services Inflation: 7.5%
5. Homeowner Inflation: 5.9%
6. Rent Inflation: 5.7%
7. Electricity Inflation: 5.0%
8. Food Away From Home Inflation: 4.2%
Both Core CPI and headline CPI came in hotter than expectations.
This is FOURTH straight month with both readings being hotter than expected.
We now have all major inflation metrics back on the rise and oil prices are nearly $90.
Meanwhile Grandpa applesauce in the white House is trashing the US oil industry.
Is O'Keefe back, or are these just his parting shots?
So Trump was right?
Remember when Powell raised rates 4 times under Trump (Year 1) after keeping at historic lows under Obama for 8 years?
https://www.washingtonpost.com/politics/2019/08/27/why-is-trump-attacking-federal-reserve-we-answer-your-questions/