‘Lame-Brained’ Trump Triggers Avalanche Of Mockery After Bonkers Tweet Attacking His Own Fed Chairman
President Donald Trump triggered an avalanche of mockery on Monday after he lambasted his own Federal Reserve over reports of an economic slowdown on the horizon.
Trump smacked Jerome Powell, the Fed chairman he chose in November 2017, claiming that he “blew it” and doesn’t know what he’s doing.”
“Despite a Federal Reserve that doesn’t know what it is doing – raised rates far to fast (very low inflation, other parts of world slowing, lowering & easing) & did large scale tightening, $50 Billion/month, we are on course to have one of the best Months of June in U.S. history,” Trump tweeted — yes, he misspelled “too”.
“Think of what it could have been if the Fed had gotten it right,” he added. “Thousands of points higher on the Dow, and GDP in the 4’s or even 5’s. Now they stick, like a stubborn child, when we need rates cuts, & easing, to make up for what other countries are doing against us. Blew it!”
Trump’s claims — which he deleted and reposted without misspellings — were quickly fact-checked and ridiculed by other Twitter users.
Check out Trump’s tweet and some of the responses below.
Wow – folks at the Federal Reserve must feel inspired by their ‘leader’.
— Rob Butler (@Robbutler123) June 24, 2019
Great! Can we let the children out of the cages now?
— The Gypsy & Us (@KelliAppleton6) June 24, 2019
“Too”. Also the stock market isn’t the economy Mr. Stable genius
— Seth Katzenstein (@Sethjk) June 24, 2019
Who appointed these know-nothings! pic.twitter.com/jPumAUeqLP
— Jeremy Newberger (@jeremynewberger) June 24, 2019
This is so lame-brained. Short term interest rates are around 2.4%, extremely low by historic standards. Mortgage rates are extremely low. Borrowed money is cheap. Tariffs and presidential miscues are holding the U.S. back, not interest rates.
— 𝙳𝚊𝚟𝚎 𝙴𝚗𝚗𝚊 🆗 (@Dave_Enna) June 24, 2019
i don't know man, i think june of 1776 was pretty productive
— Vincent Tevnan (@VincentTevnan) June 24, 2019
I prefer my financial advice from people who didn’t go bankrupt.
— Fred Kesselman (@fkess23) June 24, 2019
I'll bet the leaders of the Federal Reserve know the difference between, to, too & two…
— Stu Cameron (@stucam7771) June 24, 2019
Yaaaaa, I'm not gonna take financial advice from someone who went bankrupt multiple times and ran three casinos into the ground. But definitely nice lip service to your rabid fan base.
— Tyler Wilson (@Tmoney8890) June 24, 2019
“Like a stubborn child”. Sounds familiar, right?
— Roel Cobben (@RoelJewel) June 24, 2019
Share your thoughts.