{"id":50166,"date":"2019-12-17T10:49:16","date_gmt":"2019-12-17T15:49:16","guid":{"rendered":"https:\/\/olduvai.ca\/?p=50166"},"modified":"2019-12-17T10:49:24","modified_gmt":"2019-12-17T15:49:24","slug":"trump-urges-fed-to-cut-rates-launch-qe-to-counter-strong-dollar","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=50166","title":{"rendered":"Trump Urges Fed To Cut Rates, Launch QE To Counter &#8220;Strong&#8221; Dollar"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.zerohedge.com\/markets\/trump-urges-fed-cut-rates-launch-qe-counter-strong-dollar\">Trump Urges Fed To Cut Rates, Launch QE To Counter &#8220;Strong&#8221; Dollar\u00a0<\/a><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">President Trump took to Twitter this morning to admonish Fed Chair Powell (something he hasn&#8217;t done for a little while).<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/MW-FE890_trump__ZH_20170201091243.jpg\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Trump said&nbsp;<strong><em>&#8220;Would be sooo great if the Fed would further lower interest rates and quantitative ease.&#8221;<\/em><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Why? The economy is doing great right?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">There&#8217;s just two things&#8230;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">First, the dollar is at 5-month lows having tumbled since the Phase One trade deal was &#8220;completed&#8221;&#8230;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/bfm306E.jpg\" alt=\"\"\/><figcaption><em>Source: Bloomberg<\/em><\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">and Second, The Fed is printing money at its fastest pace since the financial crisis&#8230;<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/zh-prod-1cc738ca-7d3b-4a72-b792-20bd8d8fa069.storage.googleapis.com\/s3fs-public\/inline-images\/0024133acf1020af947c133c11c22a7c_0.png\" alt=\"\"\/><figcaption><em>Source: Bloomberg<\/em><\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Notably Dallas Fed&#8217;s Kaplan hinted briefly in his speech this morning that we should not assume the dollar will be the reserve currency forever.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trump Urges Fed To Cut Rates, Launch QE To Counter &#8220;Strong&#8221; Dollar\u00a0 President Trump took to Twitter this morning to admonish Fed Chair Powell (something he hasn&#8217;t done for a little while). Trump said&nbsp;&#8220;Would be sooo great if the Fed would further lower interest rates and quantitative ease.&#8221; Why? The economy is doing great right? [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[7844,431,16888,839,4318],"class_list":["post-50166","post","type-post","status-publish","format-standard","hentry","category-economics","tag-donald-trump","tag-interest-rates","tag-jerome-powell","tag-us-dollar","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/50166","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=50166"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/50166\/revisions"}],"predecessor-version":[{"id":50168,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/50166\/revisions\/50168"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}