Trump mocked on social media that the US GDP growth rate surged to 4.2%, far exceeding expectations. Such favourable information would have caused a big pump in the market before, but now it is as stable as a "dead fish" and even falling.
He criticized the Wall Street elites for their misguided thinking, believing that the market's abnormality is due to everyone randomly guessing that the Federal Reserve will raise interest rates to curb inflation. He also urged the new chairman of the Federal Reserve not to recklessly disrupt the market, stating that if the market is good, interest rates should be lowered, and the market should return to a normal state of "favourable information rises, unfavourable information falls."
Trump emphasized that it is not a strong market that causes inflation, but rather the problem of poor policies. Inflation will calm down by itself, and even if there is a need to suppress inflation, it must wait until the economy takes off. He also stated that this wave of economic rise could allow GDP to grow by 10 to 20 points in a year, and finally warned not to let "bookworms" destroy the momentum of economic growth.
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Trump mocked on social media that the US GDP growth rate surged to 4.2%, far exceeding expectations. Such favourable information would have caused a big pump in the market before, but now it is as stable as a "dead fish" and even falling.
He criticized the Wall Street elites for their misguided thinking, believing that the market's abnormality is due to everyone randomly guessing that the Federal Reserve will raise interest rates to curb inflation. He also urged the new chairman of the Federal Reserve not to recklessly disrupt the market, stating that if the market is good, interest rates should be lowered, and the market should return to a normal state of "favourable information rises, unfavourable information falls."
Trump emphasized that it is not a strong market that causes inflation, but rather the problem of poor policies. Inflation will calm down by itself, and even if there is a need to suppress inflation, it must wait until the economy takes off. He also stated that this wave of economic rise could allow GDP to grow by 10 to 20 points in a year, and finally warned not to let "bookworms" destroy the momentum of economic growth.
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