Trump Calls Jerome Powell And The Fed "Naive Boneheads"
Trump's attack on the Fed reached a new level today when trump calls them all "boneheads".
Economists expect the ECB to cut rates further into negative territory on Thursday.
The Fed is expected to cut rates a quarter of a point on September 18.
(Click on image to enlarge)
In the past week, the Fed has jawboned against multiple cuts.
Market participants responded by reducing its bet on a 50 basis point cut a week ago to an 11.2% chance of doing nothing today.
I somehow sense that Trump is not particularly happy about this state of affairs.
Expect more howls tomorrow if the ECB takes the expected action.
Question of the Day
Today it's "Naive Boneheads". What will Trump call the Fed in his next Tweetstorm?
Bonus Question
Did Trump correctly spell the word "naïveté" or did someone type that Tweet for him?
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