“Jerome “Too Late” Powell has done it again!!! He is TOO LATE, and actually, TOO ANGRY, TOO STUPID, & TOO POLITICAL, to have the job of Fed Chair. He is costing our Country TRILLIONS OF DOLLARS, in addition to one of the most incompetent, or corrupt, renovations of a building(s) in the history of construction! Put another way,“Too Late” is a TOTAL LOSER, and our Country is paying the price!”
The Fed was not as dovish/more hawkish yesterday with Powell’s communique especially making it clear that they are not teeing up a rate cut for September. That has seen markets pull back on the pricing with Fed funds futures pointing to just ~37% odds of a rate cut at the next meeting. Clearly someone isn’t happy with that.
This article was written by Justin Low at investinglive.com.