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Why Trump Attack On Fed Is Bad News For Stocks

Investor's Business Daily
Why Trump Attack On Fed Is Bad News For Stocks

President Donald Trump's charge that the 'loco' Fed is to blame for the stock market sell-off is bad news for Wall Street. Blaming Fed rate hikes absolves Trump tariffs and the China trade war of any responsibility for the stock market swoon. Here's the problem: The Fed is highly unlikely to respond to Trump taunts. Even after the stock market took a dive over the past week, financial markets were pricing in 80% odds of another Fed rate hike in December. Yet as long as the president has a fall guy and won't come to terms with the disruptive potential of Trump tariffs, he's unlikely to stop escalating his China trade war. Trump Has A Point On Fed Rate Hikes There's a good case to be made that