Wall Street sees Trump’s Fed nominee as a hawk on inflation and the dollar
I don’t understand this. Wasn’t Trump constantly leaning on Powell to cut interest rates and let inflation rip? I’d expect his nominee to do exactly that.
The WSJ is a fascist dicksuck. Don’t expect to “understand” it. Like religion, you are just supposed to BeLiEvE.
I might be wrong but didn’t the asshole from Fox buy WSJ?
It’s a bit of “this guy will cut government oversight on us like he did in 2008 and it will work out great for everyone like it did in 2008” and bit of “finally, an adult in the room Trump will have to listen to, that certainly hasn’t been tried a million times before,” but the main thing to know is that Wall Street is dumb as shit
It’s a fake out. If you look at what the guy actually did during 08, he paid a lot of lip service to stopping inflation but went along with the policies he spoke out against. He’s done this job before, and he’s being hauled back in to do the same.
Trump has but the corporate oligarchs that pay his bribes have a different opinion
