nearvideo special Report With Bret Baier – Monday, December 24
President Donald Trump playing with fire, “” after his feud reignited with the Federal Reserve, argued Bloomberg opinion columnist Eli Lake on the “Special Report” All-Star panel.
To explain on Christmas eve, the President took to Twitter, that the “only problem” of the U.S. economy has the Fed.
“You don’t have a good feeling for the market, understand the necessary trade, wars, or a Strong US Dollar, or even the Democrat shutdowns across the borders. The Fed is like a strong golfer that does not have a score, because he has no touch, he can putt!” Trump tweeted.
Lake, together with the conservative writer Kelly Jane Torrance, the Washington Examiner commentary writer Tom Rogan weighed in on whether Trump’s fight with the Fed is a political gift, or a piece of coal.
While recessions are often “expected” in the cycles of the economy, the lake, said trump was “make things worse” by threatening to fire Fed Chairman Jerome Powell for the decisions he makes.
“There’s a reason why we want to be the Chairman of the Federal Reserve, regardless of the President. The temptation is too great to juice long-term or intermediary-term consequences of the economy for short term advantage, when the President and ignore the” the lake tells the system control. “So in this context, President Trump is playing with fire.”
Rogan said that the activity had in the stock market, “to do more with some of the president’s rather erratic rhetoric and actions, than it is to do with the Fed.”
“I think the President would be a very great mistake, for his own political interest and the economy, where he will try to take criminal action against the Fed,” Rogan told the panel.
Torrance said that it was “very clear” that Trump wants to fire Powell, but stressed that any “put very much value on a man.” They also warned of the “volatility” that would trigger, if Powell were fired, but that eventually the market will “flatten.”