Posted on 08/27/2019 10:58:57 PM PDT by bitt
Former New York Fed President Bill Dudley on Tuesday called on the Federal Reserve to manipulate the economy to stymie President Trumps reelection. Dudley made the plea in an op-ed published by Bloomberg News. Dudley argued that Trumps effort to reset trade with China is hurting the economy and that the Fed should enact policies that hinder Trump and hurt his reelection chances.
President Trump has been fighting the Fed over rising interest rates and a too rapid pullback on quantitative easing that stifled the nascent economic boom stemming from Trumps economic policies and tax cuts. The Fed has since cut interest rates but not enough for Trump who is calling for another one percent reduction and to consider some quantitative easing.
Excerpt from Dudleys op-ed:
(Excerpt) Read more at thegatewaypundit.com ...
This from someone who has wined and dined on our dime for far too long.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.