Jerome Powell Upsets Trump (Again) With His Press Conference Comments

from WallStForMainSt

Yesterday was the Federal Open Market Committee (FOMC) Fed meeting and Jerome Powell’s press conference afterwards.

As of now, the Fed is predicting that they will not raise interest rates until at least 2022: https://www.irishtimes.com/business/e…

Fed predicts unemployment will fall to 9.3 percent by end of 2020 https://thehill.com/policy/finance/50…

President Trump was not happy at all with what Jerome Powell said in his press conference about how millions will be unemployed. Here’s Trump’s Tweet from Thursday, June 11th: https://twitter.com/realDonaldTrump/s…

Powell said that millions could be unemployed for a long time because of the global pandemic which is why President Trump is pissed at him again! Federal Reserve chief: Millions of people won’t return to work because of COVID-19 pandemic https://finance.yahoo.com/news/federa…

Mnuchin says Trump administration will ‘seriously look’ at sending out more stimulus checks https://www.marketwatch.com/story/mnu…

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