Trump Takes on The Fed: Tuesday Turnaround [TheStreet.com]
Apple Inc. (AAPL)
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Source: TheStreet.com
It's almost Wednesday. President Trump made some shots at the Federal Reserve and his nominee, chairman Jerome Powell, on Monday, Aug. 20. But that isn't stopping the market from hitting highs. Trump Showdown TheStreet's Executive Editor @BrianSozzi breaks down the smack down. Donald Trump's latest verbal attack on the Federal Reserve -- designed no doubt to steal the narrative at Jackson Hole -- has me scouring my long off-the-record lunch two weeks ago at the New York Federal Reserve for insights. Powell continues to lead the market down the path of data dependency when it comes to rate hikes as those that held the spot before him did. If the economic data warrant more rate hikes, Powell will drive consensus and pull the trigger. If the economy says a pause is needed (likely the case later this year), Powell will drive consensus and chill out. It's almost that simple—so simple that even the occupier of the White House could understand. Sai
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