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Trump criticizes market's "good news, no rise" paradox, warns dissenters not to take the helm of the Fed
BlockBeats News, December 24th, U.S. President Trump posted on social media, stating, "Today's financial news is great - GDP grew by 4.2%, while the forecast was only 2.5%. But in today's market, when you have good news, the market remains stable or even falls, because the mentality of Wall Street 'elites' is no longer the same as in the past. In the past, when there was good news, the market would rise. Nowadays, with good news, the market instead falls, because everyone thinks that interest rates will immediately rise to combat 'potential' inflation. This means that fundamentally we can no longer have a prosperous market like during our country's building period, heading towards greatness. A strong market, even an extraordinary market, will not cause inflation, only foolish policies will."
"I hope that my new Fed Chair will lower interest rates when the market is performing well, rather than arbitrarily disrupting the market. I hope we have a market like we haven't seen in decades, a market that rises on good news and falls on bad news, as it should be and once was. The inflation issue will resolve itself, and if not, we can raise rates at the right time, but the right time is never to stifle growth, which could have boosted our country's GDP by 10, 15, or even 20 percentage points in a year, or possibly more. If we allow those 'bookworms' to do everything they can to disrupt the upward momentum, a country can never become great economically."
"We will encourage a benign market to become better, not make it impossible. We will see more natural and outstanding data than ever before. We will make America great again. America should be rewarded for success, not dragged down by it. Anyone who disagrees with my views should never dream of being the Fed Chair."
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