webfact Posted March 12, 2017 Share Posted March 12, 2017 Trump economic adviser: Fed doing 'good job,' respects independence REUTERS Gary Cohn walks through the lobby at Trump Tower in Manhattan, New York City, U.S., December 13, 2016. REUTERS/Andrew Kelly/Files WASHINGTON (Reuters) - White House economic adviser Gary Cohn said on Sunday that the Federal Reserve "has been doing a good job" and the Trump administration respects its independence, even if the U.S. central bank raises interest rates this week. Cohn, director of the National Economic Council, told Fox News Sunday that the Trump administration will keep working to reduce barriers to job creation no matter what the Fed does on interest rates. "The Federal Reserve is an independent agency and they operate as such. They have their economic data, which they look at and they are trying to always modulate economic growth with inflation, with the work force," Cohn said. "I think the Federal Reserve has been doing a good job in doing that. The Fed will do what they need to do. And we respect the powers of the Fed." (Reporting by David Lawder; Editing by Nick Zieminski) -- © Copyright Reuters Full story: Link to comment Share on other sites More sharing options...
boomerangutang Posted March 13, 2017 Share Posted March 13, 2017 Look at that photo. Would you trust that man counting out your daughter's pennies from her piggy bank without putting some in his pocket? If he's on Trump's economic team, his primary plan is to further cushion rich Americans, while letting the poor stand in the gutter getting a golden shower from Trump's (formerly Reagan's) failed 'Trickle Down' plans. Link to comment Share on other sites More sharing options...
Srikcir Posted March 13, 2017 Share Posted March 13, 2017 2 hours ago, webfact said: they are trying to always modulate economic growth with inflation, with the work force," There is a potential trap for Trump if he does indeed succeed to lower unemployment much further: Inflation will continue to increase and put pressure for higher labor wages - something Republicans resist. Link to comment Share on other sites More sharing options...
ilostmypassword Posted March 13, 2017 Share Posted March 13, 2017 2 hours ago, boomerangutang said: Look at that photo. Would you trust that man counting out your daughter's pennies from her piggy bank without putting some in his pocket? If he's on Trump's economic team, his primary plan is to further cushion rich Americans, while letting the poor stand in the gutter getting a golden shower from Trump's (formerly Reagan's) failed 'Trickle Down' plans. Just because Gary Cohn was the number 2 man at Goldman Sachs, an firm repeatedly target by Trump, you think he's a bad guy? Just because he was the guy that the mortgage people reported to, the one who helped bring on the worst financial crisis since 1929? The people who got fined over 1/2 billion dollars for pulling dirty financial tricks? Link to comment Share on other sites More sharing options...
earlinclaifornia Posted March 13, 2017 Share Posted March 13, 2017 5 hours ago, Srikcir said: There is a potential trap for Trump if he does indeed succeed to lower unemployment much further: Inflation will continue to increase and put pressure for higher labor wages - something Republicans resist. Notice the decline has been since President Obama. Lets see what it is after the next four years. Glad to see that he is leaving one thing alone choosing not to meddle. Link to comment Share on other sites More sharing options...
Grubster Posted March 13, 2017 Share Posted March 13, 2017 At my age I really only care what it will do to the exchange rate. Link to comment Share on other sites More sharing options...
Dumbastheycome Posted March 13, 2017 Share Posted March 13, 2017 Yep. He is already in the knowledge of Moses that it would be unwise to put his nose where it is unwelcome. Link to comment Share on other sites More sharing options...
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