. Just two days before Fed Federal Reserve President Donald Trump called on the Fed on Monday to "win the day," his ultimate concern was to influence the allegedly independent central bank.
"TAKE THE VICTORY"
Trump made the case against the US Federal Reserve claiming a "very strong dollar and virtually no inflation". To emphasize Trump's point, White House trade adviser Peter Navarro went into CNBC, arguing that the Fed should not raise interest rates on Wednesday as there was no inflation.
Trump tweet hinted at the slowdown in global growth, mentioning both violence in France and China way down.
It is unbelievable that with a very strong dollar and virtually no inflation, the outside world around us is going to blow up and China is falling, the Fed is even considering another rate hike. Take the victory!
– Donald J. Trump (@realDonaldTrump) December 17, 2018
As Trump's tweets leave, his accuracy is high.
The dollar was actually strong, with the WSJ dollar index
BUXX, + 0.00%
this year by more than 5%. This strength has contributed to the turmoil in emerging markets, especially for China, although Trump's own anti-tariff campaign has also affected China.
Earlier, Trump had linked his trade battle to Fed policy and told Reuters last week, "We have some trade struggles and we are winning, but I also need housing."
As for inflation, so have Both the PCE composite index and the core have withdrawn from the highs of summer time, and market-driven inflation expectations have fallen, and the so-called Yellow Vest movement in France has brought the French PMI to a contraction level in December.
Es It is widely expected that the Fed will raise interest rates by a quarter of a point this week, but also announce fewer rises in 2019 than before.
Read: The Fed is on the verge of a tricky move with a rate hike and a weak message Stocks did not seem cheap with the Dow Jones Industrial Average on Trump's request react
lost over 500 points. The S & P 500
closed at its lowest level since October 9, 2017 – before the president signed the legislation that lowered the corporate tax rate from 35% to 21%.
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. OBAMACARE ATTACKS
Trump also tweeted on two topics on the news: the budget showdown and Texas Court decision invalidating the Affordable Care Act, better known as the Obamacare Congress.
and the president has time until December 21 to reach a deal or risk partial closure.
Trump said good security at the border, or "border," as he had originally written before a replacement tweet was sent, required a wall. 19659004] Read : This is how impending government stalemate looks like federal services
In the Obamacare decision, Trump said that the premiums are so high that "it is practically not even usable". Average premiums nationwide increased to $ 481 per month According to the Kaiser Family Foundation in 2018 of $ 359.
Trump said a "ratification of the Supreme Court's decision will lead to great health outcomes," though most legal analysts do not expect the Supreme Court to uphold the ruling.
Read : The Texas Judge Downs the Obama Era Affordable Care Act as Unconstitutional
In another tweet, Trump said he has approved another round of so-called "market facilitation payments" to farmers and ranchers. These payments are intended to compensate for the compensation of Chinese markets in response to the Customs duties of the White House.
The Agriculture Department has approved aid worth up to $ 12 billion. However, according to representatives of the Ministry of Agriculture, the Office of Administration and Budget had opposed a second round of payments.
Most payments go to soybean farmers, according to a separate USDA statement.
POMPEO IMPLEMENTING THE BRAZIL DELEGATION
Trump announced that the delegation, which will participate in the inauguration of the Brazilian Jair Bolsonaro, will be headed by America's best diplomat, Foreign Minister Mike Pompeo, which is a sign of the planned tight Connections between the two leaders. 19659032] Receive these updates by e-mail. Sign up for our daily summary of "Everything President Trump has done today." Sign up here.