Trump Cites Powell's "Lack Of Vision" Seeks 100 Basis Point Rate Cut And QE

Trump blasted Fed Chair Jerome Powell in a pair of Tweets today. Trump wants huge rate cuts and possibly some QE.

No Vision

Our Economy is very strong, despite the horrendous lack of vision by Jay Powell and the Fed, but the Democrats are trying to “will” the Economy to be bad for purposes of the 2020 Election. Very Selfish! Our dollar is so strong that it is sadly hurting other parts of the world...

— Donald J. Trump (@realDonaldTrump) August 19, 2019

100 Basis Points and Perhaps QE

.....The Fed Rate, over a fairly short period of time, should be reduced by at least 100 basis points, with perhaps some quantitative easing as well. If that happened, our Economy would be even better, and the World Economy would be greatly and quickly enhanced-good for everyone!

— Donald J. Trump (@realDonaldTrump) August 19, 2019

The Wall Street Journal comments Trump Calls for a Big Fed Rate Cut, Again Criticizes Central Bank Chairman.

While the president has blamed the state of the economy on the Fed pushing interest rates too high last year, many in business and at the Fed say Mr. Trump’s own trade policies have triggered market jitters and slowed business investment.

White House and campaign aides acknowledge privately that a recession would threaten Mr. Trump’s 2020 re-election campaign, which has made a booming economy a central selling point. On Tuesday, the White House has arranged a call in which National Economic Council Director Larry Kudlow is expected to reassure state and local officials about the state of the economy.

Asked in an interview on Fox News about possible economic alarm bells, White House counselor Kellyanne Conway on Monday played down the chance of a slowdown.

“It’s nice to have the mainstream media finally covering the economy, but they only cover it when they can use Sesame [Street’s] Grover word of the day, ‘recession,’ ” she said.

"No Recession in Sight": Translating Trump and Kudlow

Today's Trumpian Tweets fit right in with my precious post "No Recession in Sight": Translating Trump and Kudlow.

I doubt it, but perhaps a huge cut would buy a three-month recession delay.

That may or may not be enough time to help Trump in the 2020 election.