Trump poured gasoline on the economy. Now he's blasting the firefighters - News Summed Up

Trump poured gasoline on the economy. Now he's blasting the firefighters


New York (CNN Business) Neither the stock market nor President Donald Trump are pleased with the Federal Reserve right now. The stock market skyrocketed after Congress enacted massive corporate tax cuts late last year. One way to think of it is that Trump's tax cuts were equivalent to pouring gasoline on the economy. Now, he's blasting the firefighters at the Federal Reserve who are attempting to prevent runaway inflation by raising interest rates. But is the stock market signaling an end to the recovery from the Great Recession?


Source: CNN October 11, 2018 18:38 UTC



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