Trump's director of the National Economic Council, Kevin Hassett did his MAGA duty by attacking Fed Chairman Jay Powell for not lowering interest rates to appease Trump.
Causing chaos to the entire global economy has its issues.
HASSERT: I got to say that if the Fed respects its independence, then it should pay attention to what Republicans are saying about Jay Powell, because Jay Powell is the person who cut rates right ahead of the election to help Kamala Harris.
Jay Powell is the person who voted to increase rates the first time Donald Trump was elected, even before he was inaugurated.
He was a person who warned about the inflation of supply side, but didn't warn about the inflation of runaway spending.
And so it looks like he's been a person, I'm not saying that he is, but policy action suggests that he's a person who's been basically doing whatever it is that Elizabeth Warren wants him to do.
And when I spoke to House members who were about to talk to Jay a couple of nights ago, I've never seen so much partisan vitriol towards a Fed chair in my lifetime.
And it's not because President Trump is saying things, it's because the evidence of his actions is not defensible, unless you say that he's being partisan.
And so he's in real trouble.
We'd love Jay Powell to follow Elizabeth Warren's informed policy proposals.
Wall Street, investors, and the Federal Reserve cannot function with a US president raising and lowering tariffs against foreign countries by his whims.
Markets look for more certainty as opposed to chaotic economic policies.
Trump's tariffs are already causing multiples of problems without being fully implemented into the US economy
Things will only get much worse from here. Who will Kevin Hassett blame when that happens?
Hunter Biden, maybe?
