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Home / Business / Here's everything Trump has tweeted about the Fed

Here's everything Trump has tweeted about the Fed



<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Over the past year, President Donald Trump has reinforced his criticism of the Federal Reserve & nbsp; via his favorite megaphone: his Twitter account. His public bank statement began just two months after his own nominee, Jerome Powell, became Fed chairman in February 2018 and has only escalated since then. "data-reactid =" 1
5 "> President Donald Trump has in the past year reinforced his criticism of the Federal Reserve via his favorite megaphone: his Twitter account. His public account of the central bank began just two months after his own nominee, Jerome Powell, became Fed chairman in February 2018 and has only escalated since then.

Based on a Yahoo Finance analysis of tweets extracted through the Trump Twitter archive, Trump appears to have tweeted about Fed or monetary policy 39 times since he nominated Jerome Powell to head of the central bank (42 when he counts the three repeated tweets that were deleted due to typing errors).

President Trump has fired 39 tweets about the Fed since he placed Jerome Powell at the head of the central bank. 31% of these tweets were posted during the Fed's blackout period, where no Fed officials are allowed to make public statements. (Credit: David Foster / Yahoo Finance)

Trump entered the Fed's next political meeting on July 31 and has lowered his central bank to new levels and tweeted 20 times since Fed's last policy meeting June 19 . In comparison, Trump tweeted between the meetings on May 1 and June 19 only five times.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) –sm Mt (0.8 em) – sm" type = "text" content = "His latest tweet: a & nbsp; Reply from Friday morning & nbsp; to a new GDP print & nbsp; shows 2.1% second-quarter growth . "data-response time =" 38 "> Hans last tweet: a Friday morning answer on a new GDP print showing 2.1% growth for the second quarter.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8 em ) – sm "type =" text "content =" Trump wants the Fed to & nbsp; quit the balance & nbsp; and & nbsp; cut the reference rate . " data response time = "41"> Trump wants the Fed to stop settling the balance and cutting the reference rate .

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The public of Trump's mind-stream, sent out Twitter, is a strong contrast to the tight protocol of communication with the Federal Reservation System, while Trump can tweet whenever he wants (his latest Fed-related & nbsp; [23459032] musing was at 23:24 EST ), Fed- Speakers limitations when they can and cannot make public comments Eleven days before a meeting in the Federal Open Market Committee, Fed officials are not allowed to speak, a timeframe referred to as a "Fed blackout." reactid = "42"> Advertising for Trump's stream of ideas, which was broadcast on Twitter is a strong contrast to the tight protocol for communication by the Federal Reserve system. While Trump may tweet whenever he wishes (his latest Fed-related musing was at 11:24 AM at EST ), Fed speakers have limitations when they can and cannot make public comments. In the eleven days that led to a meeting of the Federal Open Market Committee, Fed officials are not allowed to speak, a timeframe that was referred to as a "Fed blackout."

About a third of Trump's tweets were fired in Fed blackout periods.

<h2 class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " & # 39; miss it again & nbsp; "data-response time =" 44 "> & # 39; Don't Miss It Again

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – -sm Mt (0.8 em) – sm" type = "text "content =" From & nbsp; "not acceptable!" & nbsp; to & nbsp; "they missed it (Big!)" & nbsp; Trump has often met Powell and Fed to tighten monetary policy. "Data-response time =" 45 "> From " not acceptable! " to "they missed it (Big!)" Trump has often met Powell and Fed to tighten monetary policy.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Powell has, for its part, repeated that Fed's monetary policy decisions have been driven by fair reviews of economic conditions, and respond to Trump's criticism by saying that the Fed is isolated from & nbsp; executive branch press & nbsp; and that the president & nbsp; does not authority to shoot him . "data-reactid =" 46 "> Powell, for its part, repeated that Fed's monetary policy decisions have been driven by fair judgments of economic affairs and respond to Trump's criticism by saying that the Fed is isolated from pressure on executive branches and that the president does not have the authority to shoot him.

But the Fed could end up delivering an interest rate cut – the first in more than 10 years – as soon as Wednesday.

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Until & nbsp; Mars in year the Fed did not seem to signal a significant propensity to an interest rate cut, but in the [June1943] 19 June meeting & nbsp; where the Fed kept interest rates, Fed quoted trade concerns, a global downturn and Pressure down as possible causes of interest rate cuts in the future. "Data Reaction =" 48 "> Until March this year, the Fed did not seem to signal a significant propensity for a cut in interest rates. But on June 19, when the Fed kept interest rates stable, Fed cited trade concerns, a global downturn and pressure on inflation as possible causes of a future interest rate cut.

Markets are aiming for the cut to take place on 31 July. The futures futures markets in the Fed funds are priced at a 100% chance of any interest rate cut on Wednesday, with a majority of the bets on a 25 basis point cut.

Trump's tweets are emerging in the market's expectations of a cut. [19659015] "Don't miss it again!" Trump tweeted July 22, a follow-up to a previous tweet after the June meeting and said the Fed "blew!" By not raising prices in its last meeting.

<h2 class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Dinner did not do so much "data-response time =" 52 "> Dinner did not do so much

Trump's colorful language has been a fixture on his tweets since he began to base the Fed last year in the middle of the hiking cycle e. 19659017] In 2018, the Powell-led Fed raised interest rates four times and continued the process of settling its multi-trillion dollar balance on assets it accumulated to combat the financial crisis.

Trump, unhappy with higher interest rates who could potentially limit lending and business activities in general, lashed out at the Fed, which entered the latest FOMC meeting in 2018, warning the Fed needed to "feel the market "and stop increasing interest rates. Trump dabbet then: "Good luck!"

Trump has resembled the Fed with a golfer who "can't put it" and has accused the central bank of not having "a clue" on monetary policy. (Credit: David Foster / Yahoo Finance)

The committee ended up raising interest rates by 25 basis points at the meeting on December 19.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8 em) – sm" type = "text" content = "Trump fumset over the decision but private Bloomberg reported two days after the meeting that Trump had discussed shooting Powell . "Data-reactid =" 81 "> Trump groped over the decision, but privately. Bloomberg reported two days after the meeting that Trump had discussed Powell's firing.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The day after, Finance Secretary Steven Mnuchin attempted to clear the post by saying that Trump had directly told him he was not trying to fire the Fed chair. Mnuchin posted & nbsp; these notes & nbsp; on Twitter . "data response = "82"> The following day, Finance Secretary Steven Mnuchin attempted to clear the post by saying that Trump had directly told him he was not trying to shoot the Fed chair. Mnuchin posted these notes on Twitter .

On the way to the FOMC meeting on January 30, Trump only tweeted twice about the Fed.

<p class = "canvas-atom canvas -text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Tensions seemed to ease when the president met Powell, Mnuchin and Fed Deputy Richard Clarida over & nbsp; dinner in early February . "Data-reactid =" 84 "> The tensions seemed to ease as the president met Powell, Mnuchin, and Fed Deputy Richard Clarida at dinner in early February.

But after the Fed kept interest rates stable in March, Trump came up with a new way to musk the Fed: nominating former Trump adviser Stephen Moore and former pizza director and presidential candidate Herman Cain to the board.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) –sm Mt (0.8 em) – sm" type = "text" content = "Both were strongly criticized for their close ties to Trump; Cain & nbsp; finally succumbed & nbsp; citing low wages, and Moore & nbsp; withdrew his nomination shortly after his & nbsp; controversial writings & nbsp; about women who reappeared. "Data-response time =" 86 "> Both were strongly criticized for their close ties to Trump; Cain finally bowed to low wages and Moore withdrew his nomination shortly after his controversial women's writings were resurrected.

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8 em) – sm" type = "text" content = "Trump then turned back to Twitter and released seven tweets before May 1 meeting and said that the economy would be "like a rocket" & nbsp; if the Fed had eased the policy . "data-reactid =" 87 "> Trump turned then returned to Twitter and released seven tweets before the May 1 meeting and said that the economy would be "like a rocket" if the Fed had eased the policy . [19659027] The Fed also did not move at its meeting in May. On the way to the Fed's June 19 meeting, Trump called the central bank a "stubborn child."

When asked about political pressure, Powell said in June that Fed's independence is "an important institutional feature that has earned both the economy and the country well."

All eyes will be on the Fed in Wednesday's announcement but attention may shift quickly to the president's twitter account soon after.

Trump's monetary-related tweets since he placed Powell at the Fed filed below:

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8 em) – sm "type =" text "content =" "data response =" 92 ">

<p class =" teacher-atom teacher- text Mb (1.0 em) Mb (0) – sm Mt (0.8 em) – sm "type =" text "content =" Brian Cheung is a reporter who covers the banking industry and the intersection of finance and politics for Yahoo Finance. You can follow him on Twitter @bcheungz . "data-response time =" 93 "> Brian Cheung is a reporter covering the banking industry and the interface between finance and politics for Yahoo Finance. You can follow him on Twitter @bcheungz

<p class = "teacher-atom teacher-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "[19659040] Read the latest financial and business news from Yahoo Finance "data-reactid =" 100 "> Read the latest economic and business news from Yahoo Finance


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