It was bound to happen sooner or later: having flipflopped on virtually everything else, moments ago, in an interview with the WSJ, Trump also backtracked on his strong-dollar policy and in an interview with the WSJ, has said that the "US dollar is getting too strong", that the "strong dollar will ultimately hurt the US', and as a result, he preferes a low interest rate policy.
The headlines from Dow Jones:
Authored by Christof Gisiger via Finanz Und Wirtschaft,
Raghuram Rajan, Professor of Finance at the University of Chicago and former governor of the Reserve Bank of India, warns of more turmoil ahead if the developed world fails to adapt to the fundamental forces of global change.
Authored by Mike Shedlock via MishTalk.com,
Now that the bubbles have been blown (but still remain invisible to the Fed), Fed Chair Janet Yellen Yellen conveniently pats herself and the Fed on the back for a job piss-poorly done.
Her self-serving assessment is the Fed is “doing pretty well”. And her new message of the day is Era of Stimulative Monetary Policy Is Ending.
Federal Reserve Chairwoman Janet Yellen indicated Monday that the era of extremely stimulative monetary policy was coming to an end.
Fed Chair Janet Yellen has just completed her Q&A with Twitter. She did not disappoint...
The Economy...
Worst economic recovery on record...
Current Quarter GDP forecast 0.6%...
After the success of previous "Askxxxxxx events", Fed Chair Janet Yellen will answer questions from Twitter and the audience at The Gerald R Ford School of Public Policy this afternoon.
Readers everywhere can ask Yellen questions on twitter when using the hashtag: #fordschoolyellen
Zero Hedge readers have already suggested a few.
"How many more rate hikes this year? Do you like President Trump?