Head of the Fed speaks wisely — shit-for-brains Trump responds with vain, stupid cruelty

Federal Reserve Chairman Jerome Powell urged Congress to provide another round of pandemic relief Tuesday, saying it's better to do too much than too little.

However, hours later, President Trump dashed hopes for any quick deal with lawmakers, saying he'd called a halt to negotiations until after the November election.

In an earlier speech Tuesday, Powell had noted the economy was bouncing back more quickly from the pandemic recession than many forecasters expected. But…”Even if policy actions ultimately prove to be greater than needed, they will not go to waste,”

“The recovery will be stronger and move faster if monetary policy and fiscal policy continue to work side by side to provide support to the economy until it is clearly out of the woods.”

“I finally learned how to scratch my ass with my thumb”

Stocks took a dive Tuesday afternoon after President Donald Trump said he ordered an end to stimulus negotiations until after the November election…

The announcement comes just hours after Federal Reserve Chairman Jerome Powell once again called for more stimulus to keep the economic recovery going. He said the risk of doing too little in terms of stimulus was far greater than the risk of doing too much.

Trump has about as much knowledge of economics as the average carney shill paid for hustling suckers into the “Tent of Mysteries” looking for cheap sex.

One thought on “Head of the Fed speaks wisely — shit-for-brains Trump responds with vain, stupid cruelty

  1. Fed Head says:

    “Is Donald Trump trying to lose or just trying to burn it all down? An autopsy of a puzzling policy decision.” (Oct. 7, 2020 at 5:00 a.m. MD) https://www.washingtonpost.com/outlook/2020/10/07/is-donald-trump-trying-lose-or-just-trying-burn-it-all-down/
    After President Donald Trump announced there wouldn’t be more stimulus before the election, he backtracked late Tuesday, saying he would support certain isolated measures, including stimulus checks for individuals, help for the airline industry and more funding for the Paycheck Protection Program. https://www.forbes.com/sites/jonathanponciano/2020/10/07/stock-trump-stimulus/#55b783fd576d
    “…Even if a pre-election deal cannot be reached, Biden’s widening lead in the election polls is making it likelier that more substantial stimulus can eventually be agreed on,” said Mark Haefele, a chief investment officer at UBS, noting that House Democrats have already passed a $2.2 trillion stimulus bill (which has virtually no chance of becoming law with the current Congress). “We have always expected a blue wave to deliver more fiscal spending, as the Democrats are prioritizing economic recovery. This would counterbalance proposals for increased taxation, and we anticipate a blue wave would be neutral for markets overall.”

    The Federal Reserve’s September meeting minutes are slated for release Wednesday at 2 p.m. EDT.

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