According to ChainCatcher news, as reported by Jin10, U.S. President Trump praised the third quarter GDP data on social media, pointing out that the growth rate reached 4.2%, far exceeding the expected 2.5%. He criticized the market's unusual reaction, believing that good news has instead led to a flat or falling stock market, as Wall Street worries that interest rate hikes will prevent potential inflation. Trump hopes that the new Fed chairman will lower interest rates when the market is good, rather than suppressing the market, and stated that the inflation issue will naturally ease and should never be addressed by raising rates to curb rises.
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Trump: The unusual phenomena in the market are concerning, warning dissenters not to think about steering the Fed.
According to ChainCatcher news, as reported by Jin10, U.S. President Trump praised the third quarter GDP data on social media, pointing out that the growth rate reached 4.2%, far exceeding the expected 2.5%. He criticized the market's unusual reaction, believing that good news has instead led to a flat or falling stock market, as Wall Street worries that interest rate hikes will prevent potential inflation. Trump hopes that the new Fed chairman will lower interest rates when the market is good, rather than suppressing the market, and stated that the inflation issue will naturally ease and should never be addressed by raising rates to curb rises.