Trump's Outburst: GDP Soars 4.2% but Market Falls? Wall Street 'Elites' Have Rusty Brains, Fed Don't Mess Around!
On December 24, Trump directly vented on social media: GDP hitting 4.2% (expectation was only 2.5%) is such a positive surprise, yet the market actually stabilizes or even drops?
He called out Wall Street 'elites': Is your thinking completely twisted? In the past, good news = skyrocketing; now good news = falling, just because a group of people are blindly speculating that 'the Fed will raise interest rates to curb inflation'? 'This is fundamentally cutting off prosperity!' Trump bluntly stated — a strong market will not spur inflation, bad policies will.
Immediately following, he shouted to the new Fed Chair from afar: When the market is good, interest rates should be lowered, don't randomly hit the market! 'What we want is a normal market where good news leads to rises and bad news leads to falls, that's how it used to be! Inflation will calm down on its own, if we really need to curb it, we have to wait until the economy takes off before taking action — this wave of growth can let GDP rise by 10 to 20 points in a year!'
In the end, he warned: Don't let 'bookworms' ruin the momentum of economic growth, those who disagree with this view should not think about touching the position of the Fed Chair!
'America must rely on successful returns, not be dragged down; we need to make America great again!'