Trump Calls Out the Fed!

Trump takes aim at the Federal Reserve, and the elites are clutching their pearls. But is he wrong? Christopher Markowski breaks down the Fed’s track record of failure, its so-called "independence," and why Trump can do more to fix inflation than Powell ever could. Why do we keep listening to economic "experts" who have never worked a real job? Get the hard truth on monetary policy, government spending, and what really moves interest rates. www.watchdogonwallstreet.com

Episode Transcript

Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it will have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.

Speaker 2 (00:16):
Trump calls out the FED and all of the elites
out there. They're grabbing their pearls. They got the vapors.
How dare he? How dar? Trump call out the FED
and their independence? The FED needs to be independent. Oh
my god, all you pathetic people out there, I'm sorry,

(00:39):
but the FED is never right. Again and again and again,
over and over and over again. They get it wrong.
And Trump calling them on that. Oh how Darry? Look
at all the fancy degrees that they have on the wall.
So what so what? We here have been quite accurate

(01:00):
in regards to the economy and interest rates and various
different financial calamities when the people in charge again the
ones are fiercely independent FED, and we got to be
able to pay attention. What a load a bunk. There's
an entire industry in the media that was surrounded by this.
There's actual journalists, that's how they make their living. This
is funny. Nick Timros sees the Wall Street journally. He's

(01:23):
the Fed whisper they like to call him. That's who
he covers. Okay, this is his column today. Trump lashes
out at a favorite nemesis, the Federal Reserve. President Trump
picked up right where he left off during his first term,
badgering a favorite nemesis, the Federal Reserve and its chair
Jerome Powell, over its recent performance managing inflation and interest rates.

(01:46):
Because j. Powell and the Fed failed to stop the
problem they created with inflation, I will do it, Trump
said in a post on his social media platform. Trump
issued his latest statement about an hour after Powell concluded
a news conference in which he signaled the Fed was
comfortable with a new weight and see posture on interest
rate cuts. Central Bank lowered its interest rate by a

(02:08):
full percentage point over the last three meetings after inflation slowed.
But what happened here, Nick, huh did it work? What
happened with the interest rates? They went in the opposite direction.
Hasn't happened ever. One hundred basis points down, one hundred
basis points up. We've covered that here. At the news conference,

(02:33):
Powell leaned heavily on the keep your head down demeanor
he honed during his again look at these words his
first rodeo with Trump seven years ago. Powell sides that
multiple questions that could have provoked a collision with Trump.
I'm not gonna have any response or comment whatsoever to
what the President said. It's not appropriate for me to
do so. Again it's Tim Rose again. He loves his

(02:55):
little Fed people. He loves his job covering the economic
ignoramuses that have never not a one of them, have
had a real job in their entire lives. Take a
look at their cvs. They never worked in the private sector,
never worked in the private sector. You know, it's it's

(03:16):
it's funny. It's almost the equivalent of you know, you
imagine if they took all these economists at the FED
and they made them the reporters and commentators for the NFL,
would anybody take them seriously? No? Probably not. Well. Again,

(03:37):
they got fancy economic degrees, but have they ever actually
worked in the real world. Why do we need to
take them seriously, especially when they're parentially wrong again and
again and again. So Trump calls out the Fed. Trump
can do more for bring down inflation than the Federal
Reserve can do. And that's that's what DOGE is doing

(03:59):
right now. If the bond markets, the global bond markets,
if they if they basically catch on that this whole
you know, fiscal sanity bit that we're engaging in here
in this country, cutting government spending, if it's it's here
to stay. Yeah, yeah, yeah, I guess what. Rates will

(04:23):
come down without a doubt, the United States becoming fiscally seen,
getting our economic house in order, rates will come down.
And yeah, you can do that by getting rid of
government workers, by getting rid of stupid government spending, getting
all of this under control. It can be done. It

(04:45):
can be done, and you don't need the damn Fed
to do it. Again, we mention this again and again.
J Powell, the Fed never calling out government spending, never
calling out government spending. Oh no, no, it's not going
to be a problem. I don't care. I don't care
if it's green span, I don't care if it's bernanky,
I don't care if it's yelling. I don't care if
it's Powell. Oh yeah, were fiercely independent? What a load

(05:10):
of bunk. If you were fiercely independent, you'd actually call
out and explain why inflation was running so hot. You
can't fricking print that amount of money and dump it
all over the country and expect things to work. Watchdog
on Wallstreet dot com