The Fed decided yesterday to keep interest rates unchanged. It wasn't a huge surprise, but the move does indicate that, according to bankers, the economy isn't strong enough to simply lower interest rates.

Is this a deliberate countermeasure by the Fed to thwart Trump? I don't think so. I think the Fed, with the knowledge it has, is now very cautious. That does have to do with Trump. Trump's haphazard policies have made bankers nervous. Instability, international economic unrest, and a decline in confidence in the US are not what bankers are looking for.

Meanwhile, the Fed is already printing money.

The most striking thing is that the dollar is now at 1.20 against the euro. The weakening of the dollar will certainly be a red flag for the Fed and a cause for great concern. The falling dollar indicates that the world is losing confidence in the currency. The currency... and the country.


.
--- SBBSecho 3.35-Linux
* Origin: End Of The Line BBS - endofthelinebbs.com (1:124/5016)