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Author Topic: Now Trump Wants the Federal Reserve to Boost the Economy Like It Did During the Financial Crisis  (Read 1495 times)

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Offline ABX

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Now Trump Wants the Federal Reserve to Boost the Economy Like It Did During the Financial Crisis
« on: April 06, 2019, 09:00:55 pm »
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President Donald Trump yet again called for the Federal Reserve to loosen monetary policy on Friday, this time going so far as to say the central bank should return to the aggressive measures it undertook during the financial crisis......

“In terms of quantitative tightening, it should absolutely now be quantitative easing,” Trump said.

In the years after the financial crisis, global central banks attempted to jump-start their economies by buying trillions of dollars of bonds, in a process known as quantitative easing, or QE....


https://www.marketwatch.com/articles/trump-federal-reserve-jerome-powell-quantitative-easing-51554482632?mod=barrons-on-marketwatch&link=sfmw_fb


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Offline Smokin Joe

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Re: Now Trump Wants the Federal Reserve to Boost the Economy Like It Did During the Financial Crisis
« Reply #1 on: April 07, 2019, 04:22:36 am »
Another day older and deeper in debt....
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How God must weep at humans' folly! Stand fast! God knows what he is doing!
Seventeen Techniques for Truth Suppression

Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience.

C S Lewis

Offline Drago

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Re: Now Trump Wants the Federal Reserve to Boost the Economy Like It Did During the Financial Crisis
« Reply #2 on: April 07, 2019, 06:02:13 am »
Ummmmm....No.   No more monetizing the debt via QE.   :nono:  **nononono*
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Offline catfish1957

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Re: Now Trump Wants the Federal Reserve to Boost the Economy Like It Did During the Financial Crisis
« Reply #3 on: April 07, 2019, 06:50:36 am »
Quote from: ABX on April 06, 2019, 09:00:55 pm


And still so many fools here call him a conservative.  Wow have they been duped.
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Offline Smokin Joe

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Re: Now Trump Wants the Federal Reserve to Boost the Economy Like It Did During the Financial Crisis
« Reply #4 on: April 07, 2019, 08:05:24 pm »


Never give one an even break....
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How God must weep at humans' folly! Stand fast! God knows what he is doing!
Seventeen Techniques for Truth Suppression

Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience.

C S Lewis

Offline Hoodat

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Re: Now Trump Wants the Federal Reserve to Boost the Economy Like It Did During the Financial Crisis
« Reply #5 on: April 07, 2019, 08:39:35 pm »
Quote
President Donald Trump yet again called for the Federal Reserve to loosen monetary policy on Friday, this time going so far as to say the central bank should return to the aggressive measures it undertook during the financial crisis......

“In terms of quantitative tightening, it should absolutely now be quantitative easing,” Trump said.

In the years after the financial crisis, global central banks attempted to jump-start their economies by buying trillions of dollars of bonds, in a process known as quantitative easing, or QE....

Shear idiocy.  Does he not realize where the $2 trillion to finance this year's budget deficit is coming from?  And how much our economy suffers because of it?
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Offline Hoodat

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Re: Now Trump Wants the Federal Reserve to Boost the Economy Like It Did During the Financial Crisis
« Reply #6 on: April 07, 2019, 08:40:56 pm »
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If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.     -Dwight Eisenhower-

"The [U.S.] Constitution is a limitation on the government, not on private individuals ... it does not prescribe the conduct of private individuals, only the conduct of the government ... it is not a charter for government power, but a charter of the citizen's protection against the government."     -Ayn Rand-
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