President Trump is reportedly paranoid that economists are biasing their data against him to prevent his re-election in 2020
Amid talk of a U.S. recession, President Donald Trump is reportedly paranoid that economists are biasing their data against him to prevent his re-election in 2020, a downturn that his administration has not prepared for., Trump is anxious and has been calling business leaders from his New Jersey golf course this week for their views as administration officials try to soothe him with optimistic briefings about the underlying strength of America's economy..
Jerome Powell, chair of the Federal Reserve, is a regular target of Trump's ire when any numbers in the economy go south, particularly the stock markets. He was angered last December by the rate hike, which he thought would take the wind out of growth's sails. President Donald Trump speaks to supporters at a rally in Manchester on August 15, 2019 in New Hampshire. The Trump 2020 campaign is looking to flip the battleground state of New Hampshire with the use of a strong economy and appeals to his core voters on immigration and guns.The Fed reverse that hike with a rate cut at the end of July. Now, Trump is accusing the Fed of moving too slowly, and continually making the wrong calls on rates.
"Our problem is with the Fed. Raised too much & too fast. Now too slow to cut. Spread is way too much as other countries say THANK YOU to clueless Jay Powell and the Federal Reserve," Trump tweeted yesterday.One of the major concerns not just for the domestic economy, but also the world's, is the, which appears to be escalating. Trump is set to introduce a further 10 percent tariff on $300 billion of Chinese goods in September.
This week, Trump claimed that his tariffs on China are having virtually no impact on American consumers. However, academic research suggests that the entire burden of the tariffs is
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