Crazy Fed-Head Jerome Powell Finally Stopped Increasing the Fed Funds Rate Resulting in US Markets Continuing Historic Gains in the Trump Economy | Joe Hoft


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Crazy Fed-Head Jerome Powell Finally Stopped Increasing the Fed Funds Rate Resulting in US Markets Continuing Historic Gains in the Trump Economy

What a mess the Fed is and especially their crazy leader Jerome Powell. This group of misfits came close to totally destroying the US economy one year ago. They finally began lowering rates after their unnecessary rate hikes and the result is the markets reaching all-time highs again.

Last year the Fed under crazy Jerome Powell came very, very close to totally destroying the best economy in US history. Powell proved that either he is the dumbest person on earth or he and the Fed were actively working hard to destroy and sabotage the best economy in US history.

America is in the middle of its greatest stock market rally ever but no one would know it due to the media. On Monday the DOW reached another all time high. This was the 116th all-time high since the 2016 election.

After President Trump was elected the stock markets exploded. The markets are a gauge of the economy and include expectations of the future. On November 8th, 2016, the DOW stood at 18,332. Since that date, and after Donald Trump won the 2016 election, the DOW has soared. The DOW closed at another new all-time high of 28,036 – more than 9,700 points higher than the day of the 2016 election yesterday!

Never has has the DOW risen so much in such a short period of time. THIS IS HISTORIC! Not only has the DOW skyrocketed since Donald Trump was elected President, the market’s rise is record breaking.

President Trump’s first year in office (2017) saw the most all-time stock market closing highs (71) as well as the largest single year increase in DOW history (4,956 points). Prior to 2017, no year in the DOW’s more than 100-year history ever saw the DOW increase by more than 3,500 points, let alone 4,900. The most all-time highs in a year prior to 2017 was 69 in 1995.

Since President Trump was elected President the DOW tied the record for the most all-time closing highs in a row. In January of 1987 President Reagan saw the DOW increase to new all-time highs a record 12 days in a row. In February of 2017, President Trump matched Reagan’s record.

The DOW reached its fastest 500 point increase between major milestones under President Trump. In January of 2018 the DOW surpassed 26,000 and six days later the DOW surpassed 26,500. Under President Trump the DOW has seen the fastest 1,000; 2,000; 3,000; 4,000; 5,000; 6,000; 7,000, 8,000 and 9,000 point increases in DOW history. No similar records occurred at any time in history.

Also, President Trump didn’t ride an Obama wave, the DOW under Obama was down in 2015 and stayed relatively flat until the 2016 election. The DOW is now officially up more than 50% since the 2016 election.

Presidents GW Bush and Obama NEVER reached a new all-time high in their entire first terms. Presidents (Franklin) Roosevelt, Truman and Carter never reached a new all-time high in their Presidencies.

President Trump has now increased the markets by more than any other President in their entire Presidency (when counting from their election win to the election day in their last year in office.) As noted above, under President Trump the DOW has increased more than 9,700 over the past three years. No President ever saw the DOW increase this much from the day they were elected to the day their predecessor won the election.

All the major indices are way up under President Trump and many records have been set. The market increases since President Trump’s election three years ago truly are historic.

But this historic economy was nearly totally destroyed by the meddling Fed and their leader Jerome Powell one year ago.

America was ready for real change after Obama’s eight years. His economy-killing actions related to massive regulations that killed jobs in the coal, oil and gas fields and other areas, needed to be lifted. President Trump promised he would do just that and in part, because of this, Trump won the election.

But after keeping the Fed Funds rate at 0% for 7 of Obama’s 8 years in office, the Fed was not about to let the incoming President have a better economy than their beloved leader Obama. The Fed increased the Fed Funds rate by a quarter of a percent in late 2015 for the only increase under Obama. But before President Trump could even raise his hand at his inaugural, the Fed increased the Fed Funds rate by another quarter percent for the only rate increase in all of 2016.

But the economy charged forward. American industry and all of America was excited. The incoming President Trump worked hard to encourage companies to do business in the US by meeting with their leaders in droves. The markets reacted and the greatest stock market rally in US history ensued.

President Trump next worked hard to implement major tax decreases and the Fed reacted in an almost possessed manner. As the markets rose, the Fed increased rates. Eight times over two years after the 2016 election the Fed increased the Fed Funds rate

Initially the rate increases were almost ignored by the markets but then they began to take a toll. As the Fed increased rates the markets began to stall and take time to regroup before again reaching new all time highs –

The markets reached a new all-time high the day after the 2016 election and never looked back through all of 2017. As noted above, in spite of the Fed Funds rate increase at the end of 2016 and three rate increases in 2017, the markets in 2017 enjoyed their best year ever!

In early 2018, the markets were on fire. The new tax law and the expectations this would positively have on the economy lit up the markets, so the Fed stepped up its market killing policy of increasing the Fed Funds rate. In 2018 the Fed increased the Fed Funds rate 4 times. The Fed’s last increase took place in spite of the markets going down 10% since their prior increase. The Fed acted insane or like a group of radical liberals attempting a coup on the government by killing the economy.

Jerome Powell and the Fed gave America one hell of a Christmas present at the end of 2018 with markets down 20% from their highs in October 2018. In addition to killing the markets, Powell and gang had single-handedly increased the US Debt by $1 trillion and mugged the GDP growth rate to year-lows. The higher rates also meant that the US dollar was much higher than US competitors. What a mess.

Thanks to Fed realizing that any more rate hikes and they would be at risk of a lynching, the Fed curtailed its rate hikes. However, by August of 2019 President Trump was so disgusted in Powell he asked who was worse for America, China’s President Xi or Jerome (Jay) Powell –

The markets increased significantly, but the Fed’s rate hikes took their toll. By looking at the increase in the DOW you can see how the Fed’s rate hikes began to negatively impact the markets –

The Fed finally began to decrease the Fed Funds rate in 2019 and by November, the markets were again reaching all time highs.

Jerome Powell and his gang at the Fed have done a terrible job working for Americans in an effort to build and strengthen the US economy. Their mandate is to do just that and they have failed. They failed so badly that there is more than enough evidence to show that they worked to sabotage the Trump economy rather than build and strengthen it.

After a few more rate reductions (three total in 2019) the US markets are again on the rise. Fed-Head Powell met with President Trump finally on Monday November 18th. The President tweeted –

The interest rates are still too high –

Powell was so frightened by this meeting with the President being misinterpreted by the corrupt media that he immediately issued a statement

The Fed statement asserted Powell’s comments were consistent with last week’s congressional testimony and did not concern ‘expectations for monetary policy,’ except to say it will depend entirely on new economic information.

‘Finally, Chair Powell said that he and his colleagues on the Federal Open Market Committee will set monetary policy, as required by law, to support maximum employment and stable prices and will make those decisions based solely on careful, objective and non-political analysis,’ the statement said.

Jerome Powell and the Fed are a joke. We know what they are supposed to be doing but who really knows what they are doing! If they were working for Americans they would reduce the Fed Funds rate some more, no matter what their corrupt media says!

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