Complaining about the Federal Reserve’s approach to monetary policy has been one of President Donald Trump’s favorite activities. However, as talk of recession picks up after a temporary inversion of the yield curve, Jerome Powell’s hawkish approach will be a tremendous asset to the U.S. globally. Meaningful stimulus can help put a floor under the Dow Jones as most of the developed world is stuck on interest rates around zero. No One Should Be Excited by a Fed “Pause” Trump was always the market-friendly candidate, but his decision to increase the deficit with tax cuts is going to require a
The post Despite Trump Jabs, Fed Rate Hikes May Be the Dow’s Saving Grace appeared first on CCN
source https://www.ccn.com/despite-trump-jabs-fed-rate-hikes-may-be-the-dows-saving-grace
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