Trump on Fed rates and inflation

    by Flint: Donald Trump

    Inflation flat at 3.4% and the jobs report blew past projections by 3x. President Trump called it before anyone else would. 47 wants the Fed to stop strangling growth. Their logic: good numbers spark inflation, so keep rates high. His take is different. Good numbers should lift the market, not sink it. That backwards reaction has been the norm for 25 years. 162,000 jobs. Four or five times what the geniuses projected. Stupidity causes inflation, not growth. Lower rates. Lowest in the world.

    Transcript (en)

    The President is doing so well. Watch, the stock market will go down because we have good numbers. Because every time you have good numbers, the stock market goes down. When you have bad numbers, it goes up because of the stupidity of the way they think about inflation. And growth does not cause inflation. Stupidity causes inflation. And we have to change our ways because we had fantastic job numbers today. The stock market should go up. You know, 25 years ago, when you announced good numbers, the stock market went up because you had a better credit. Your country or your company, I guess you could say, if it was a company, but it's a country. When we announced great job numbers, 162,000, that's like four or five times more than what they thought, the projections by the great geniuses. But when you announce great numbers, your numbers should, everything should go up. It shouldn't go down. It's always the reverse. For 25 years it's been that way because of inflation. And again, success does not cause inflation. Stupidity causes inflation. So hopefully we get a change. We have a day like this where the numbers are phenomenal, so much better than anyone thought possible. And you've seen.