In 3 Months Fed Chair Jerome Powell Just Destroyed Trump Economy – Dow Lost Over $4 Trillion in Value – FIRE HIM ALREADY!

December 20, 2018, 7:29 am by Jim Hoft 215 Comments

Guest post by Joe Hoft


Since October The Fed has single-handedly dismantled the US economy. The Trump tax cuts at year end 2017 set the economy on fire. The US stock markets set numerous records. So the Fed had to step in and kill the economy or, God forbid, he would get re-elected in 2020!

The Fed announced on Wednesday afternoon that they will increase rates and will also increase rates next year. The Dow immediately dropped 720 points in 10 minutes. The DOW was down at one point by 894 points!



Youtube Video https://youtu.be/gIje0Crs7hU

The Fed is clearly a political machine not working in the interest of President Trump or the American people.

As a result of Fed policies Americans are being bound with massive interest payments on Obama debt for years to come while watching their 401k’s dissolve into thin air.

The Dow Jones dropped 3,500 points since the Fed’s Jerome Powell’s insidious comments in early October to continue to increase interest rates.

The DOW reached another all-time high on October 3rd reaching 26,829. It was up for the 103rd time since Donald Trump was elected President and 46% since the November 2016 election.
This was clearly too much for the Fed’s Powell who then scared investors with his message that he will raise rates well into next year.

On Monday after the president’s tweet the Fed announced it would likely raise rates — The Dow immediately dropped another 507 points.

1/8th of the equity in US stock markets is now gone thanks to the Federal Reserve.

$4 Trillion in Wealth has been erased!
On Tuesday Stephen Moore said if the Fed raises rates on Wednesday they should all be fired. Moore was right.

Via Bulls and Bears:



Youtube Video https://youtu.be/25xKo1thCYU

What more will it take for this man to be removed? Every American with a 401k knows today that the markets are down significantly since October. Most Americans don’t know that it is the Fed that has created this selloff.
By raising rates the Fed lowered every American’s net worth while increasing the amount of US debt interest payments on American tax payers for decades to come. Each interest rate increase increases the rates paid on the US debt and now the rate increases equal a half a trillion dollars in debt interest payments alone.
What really makes the Fed’s actions appalling are that it never allowed a rate increase for seven years under President Obama. The Fed kept the rates at 0% for seven years!

Joe Hoft @joehoft

· Dec 19, 2018

1) @realDonaldTrump really has no option but to fire Corrupt Fed Chief Powell now before it’s too late. The Fed did all they could to prop up economy during @POTUS44 Obama’s time in office. They printed massive amounts of money and kept rates at all time lows of 0 % for...



Joe Hoft @joehoft

2) ...Seven straight years. Only raised rates 1/4 % in 2015. Then after @realDonaldTrump won election the Fed immediately raised rates twice before he even stepped in office. After @realDonaldTrump immediately put a freeze on government hiring, moved ahead with 2 pipelines, ...

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8:22 PM - Dec 19, 2018 · Islands District, Hong Kong
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The Fed has gone into overdrive to push higher rates to kill the economy – to hell with Trump and working Americans!

Joe Hoft @joehoft

· Dec 19, 2018

Replying to @joehoft
3) opened up oil fields and coal mining, massively reduced government regulations and started pushing free but fair trade, the markets rose . So the Fed increased rates some more for no reason other than to slow the economy! Then Trump removed Obamacare mandate and ...


Joe Hoft @joehoft

4) ...Signed massive tax cuts - biggest in US history- so the Fed went into overdrive on more rate increases. @realDonaldTrump economy was too good - he might get re-elected God forbid. Now 8 times the Fed has increased rates since @realDonaldTrump won the election . The Fed..

32
8:22 PM - Dec 19, 2018 · Islands District, Hong Kong
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After the Fed killed the housing market with increasing rates, slowing down the construction boom, they went after President Trump and every working American –

Joe Hoft @joehoft

· Dec 19, 2018

Replying to @joehoft
4) ...Signed massive tax cuts - biggest in US history- so the Fed went into overdrive on more rate increases. @realDonaldTrump economy was too good - he might get re-elected God forbid. Now 8 times the Fed has increased rates since @realDonaldTrump won the election . The Fed..

Joe Hoft @joehoft


5) ...has single handedly killed the economy. Housing was first hit. Now the Fed wants a recession. @realDonaldTrump must fire Corrupt Powell now and lower rates in half. If he doesn’t no way we #MAGA @gatewaypundit @StephenMoore

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8:22 PM - Dec 19, 2018 · Islands District, Hong Kong
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It’s ABSOLUTELY time for President Trump to say “YOU’RE FIRED” to US ECONOMY KILLER FED Chairman Jerome Powell.


https://www.thegatewaypundit.com/201...e-him-already/