The Federal reserve is not known to have the best interests of Americans at heart.
One has to ask the question, what is the real need of the Federal Reserve?
The Dow fell as much as 450 points Wednesday afternoon after Federal Reserve Chairman Jerome Powell said that the quarter-point rate cut that the Fed had approved earlier in the day was a one-off.
The Federal Reserve Chairman Powell lowered interest rates for the first time since 2008 sending the markets plunging.
Lou Dobbbs hammered Powell with this tweet.
Powell strikes. The President is absolutely right about the FED Chair. Powell clearly doesn't know what he's doing & his remarks that sent the markets plunging, are absolutely inexcusable. @realDonaldTrump #MAGA #AmericaFirst #Dobbs
— Lou Dobbs (@LouDobbs) July 31, 2019
President Trump also hammered Powell on Social Media.
President Trump summed it up for most Americans. “As usual Powell let us down.”
