🇺🇸 President Trump says "I go on TV and the market goes wild…I can move it just by talking."
US President Trump claims his TV appearances can wildly move the market, asserting influence over economic policies and interest rates. His tariffs aim to boost American manufacturing, despite Fed concerns about potential economic fallout and higher inflation.
President Trump recently claimed that his statements can significantly impact the stock market, saying "I go on TV and the market goes wild…I can move it just by talking". This assertion comes amid his administration's efforts to influence economic policies, including imposing new tariffs on foreign imports. Trump believes this move will benefit American manufacturing and farmers, although the Federal Reserve remains skeptical about the potential economic fallout.
Some speculate that Trump's actions are part of a strategic plan to:
Influence Interest Rates: By disrupting the market, Trump aims to push cash into US treasuries, forcing the Federal Reserve to lower interest rates.
Refinance National Debt: Lower interest rates could enable the Fed to refinance America's substantial debt more cheaply.
Boost Economic Growth: Trump's tariffs are designed to promote domestic manufacturing and potentially stimulate economic growth.
However, the Federal Reserve has expressed concerns about the potential economic effects of Trump's tariffs, including higher inflation and slower growth. Whether Trump's strategy will succeed or backfire remains to be seen.
