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Home / Business / President Trump's feud with the Fed is like "playing with fire": Eli Lake

President Trump's feud with the Fed is like "playing with fire": Eli Lake



President Donald Trump could "play with fire" after resurrecting his feud with the Federal Reserve, Bloomberg Opinions columnist Eli Lake argued on the All-Star Special Report panel.

The President attended on Christmas Eve Twitter says the US economy's "only problem" is the Fed.

"They do not need to be interested in the market, they do not understand necessary trade wars or strong dollars, or even the democracies closing down on borders." , The Fed is like a mighty golfer who can not score because he has no points of contact – he can not putt! Trump tweeted.

Lake, along with conservative writer Kelly Jane Torrance and Washington Examiner commentator Tom Rogan, caved in to see if Trump's fight with the Fed was a political gift or a piece of coal.

Recessions in cycles of the economy are often "expected", Lake said, Trump is making the matter "much worse" by threatening to set the chairman of the US government on fire Jerome Powell for decisions he makes.

There is a reason why we want the chairman of the Federal Reserve to be independent of the president, and the temptation is too great to fuel the economy for a short-term advantage if you are president and ignore the long-term or medium-term consequences. " Lake told the panel, "So in this regard, President Trump is playing with the fire again."

Rogan said the stock market "had more with de n rather erratic rhetoric and act of the president than anything. "The Fed is doing it. "

" I think the president would make a very big mistake for his own political interest and for the economy if he tries to institute sanctions against the Fed, "Rogan told the panel.

Torrance" It's " very clear "that Trump Powell wants to fire, but stressed that each" a man very much stressed ". She also warned against the "volatility" that would trigger Powell, but ultimately the market would "flatten".


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