if you are interested in it ,
Get free samples :sales@edabearings.com
U.S. President Trump said Sunday that the actions taken by the Federal Reserve (Federal Reserve / FED) have knocked down about 30% of U.S. economic growth and stock market growth, and that the Federal Reserve should start injecting funds into the economy as it did during the 2007-2009 recession.
Trump's latest criticism of the Federal Reserve was published on Twitter without citing any evidence. Meanwhile, ECB President Draghi and other international finance officials worry that Trump's possible nomination for Fed membership will politicize the Fed and disrupt the dollar-based international financial system.
"If the Federal Reserve had done its job well -- and it hadn't done it well, the stock market would have risen by 5,000 to 10,000 points, and GDP would have grown much faster than 4%, rather than 3%... there would have been little inflation," Trump said.
"Quantitative austerity is a killer and the opposite should be done," he said, referring to the Federal Reserve's monthly reduction of up to $50 billion in bond positions last year. These bonds were purchased by the Federal Reserve in response to the worst recession since the Great Depression of the 1930s.
Trump's proposal that the Fed return to quantitative easing will transform the Fed's position into increasing monetary stimulus and expanding bond market positions, with strong economic growth and low unemployment.
Recent minutes of the Federal Reserve meeting show that no official, including the three Fed governors appointed by Trump and the Federal Reserve Chairman Powell himself, suggested that the United States needed the support measures taken by the Federal Reserve during the recession 10 years ago.
The Federal Reserve has decided to suspend its balance sheet reduction since September, after concluding that the Fed's assets of about $3.5 trillion at the time were adequate, taking into account the need for commercial banks to hold reserves, the public's cash needs and other uses.
PREVIOUS:IMF expects global economic growth next year NEXT:Asian regulators open the door
