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Trump Slams Hawkish Fed For 'Failing To Stop The Problem They Created'
• Zero HedgeUpdate (1620ET): Quite frankly we are surprised it took this long for President Trump to respond to The Fed's inaction today.
In a statement on his Truth Social account, Trump wrote:
"Because Jay Powell and the Fed failed to stop the problem they created with Inflation, I will do it by unleashing American Energy production, slashing Regulation, rebalancing International Trade, and reigniting American Manufacturing...
...but I will do much more than stopping Inflation, I will make our Country financially, and otherwise, powerful again!
The Fed has done a terrible job on Bank Regulation.
Treasury is going to lead the effort to cut unnecessary Regulation, and will unleash lending for all American people and businesses.
If the Fed had spent less time on DEI, gender ideology, "green" energy, and fake climate change. Inflation would never have been a problem.
Instead, we suffered from the worst Inflation in the History of our Country!"
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1 Comments in Response to Trump Slams Hawkish Fed For 'Failing To Stop The Problem They Created'
Inflation is caused EXCLUSIVELY by the Rothschild's Fed buying deficit spending Treasury securities with book-entry credit measured in FRNs. The govt spends the book-entry FRNs and the receiver cashes the check and gets the inflationary FRNs. [PS. The Fed then auctions the DS security to the public [along with redeeming T securities] and that covert profit has now reached $36 Trillion. Ref. 31 USC #375.3. All profit legally belongs to the govt.] [PPS. The theory is the $36T has financed all of the govt corruption, including Soros, IMF, CIA, WEF, UN, WHO, BlackRock, Vanguard, etc. ]