This commentary by Edward Yardeni, a talented economist is chilling. I’ve followed Yardeni for over 30 years and my clients have benefited thereby. He, like me, is uncomfortable with the likelihood of an inappropriate Federal funds cut later this month. Totally unnecessary and will hurt the dollar and may ignite a bubble in credit, stocks and other assets. READ THE ARTICLE
Fed’s Powell is getting ‘Trumped’ by trade, market bull Ed Yardeni says, by Stephanie Landsman, CNBC
Longtime market bull Edward Yardeni suggests President Donald Trump is manipulating the Federal Reserve into cutting interest rates.
In a recent research note, he wrote that Fed Chairman Jerome Powell is essentially getting “Trumped.” Yardeni contends the president is creating a contentious situation for the Fed by creating uneasiness around U.S. trade policy.
According to the Yardeni Research president, it became very apparent in Powell’s testimony to congressional leaders this week. READ THE ARTICLE
