Trump Slams Fed, “King Elijah” & “Conman” Al Sharpton In Furious Twitter Rant

Update: President Trump simply won’t back down from bashing the Fed on Monday. In a series of two tweets sent just before the open, Trump alleged that the central bank “raised way too early and way too much” and that their “quantitative tightening” was “another big mistake.”

And while the US is “doing very well” in terms of wealth creation, we could have done much better if the Fed hadn’t rushed to keep hiking rates.

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Unfortunately, slashing rates by 25 bp simply isn’t enough. “The Fed has made all of the wrong moves…a small rate cut isn’t enough, but we will win anyway!”

But will the Fed listen? Markets are increasingly doubting the prospects for a 50 bp cut on Wednesday.

With one day left until the FOMC begins its two-day monetary policy meeting – said to be the most important policy meeting since the days that immediately followed the financial crisis – President Trump once again slammed the Fed in a tweet, echoing a criticism that he has repeatedly used over the past few weeks.

Which is: That the Fed has failed to cut interest rates to get out ahead of central banks in Europe and China, despite the fact that stubbornly low inflation has left the Fed with every excuse to cut. The PBOC and the ECB will benefit from “pumping money into their systems, making it much easier for their manufacturers to sell product.”

Trump’s Fed-bashing apparently has one goal: To convince the central bank to authorize a 100 basis point rate cut, which would bring the Fed funds rate back between 1% and 1.5%.

Trump was very active on Twitter Monday morning, slamming Rev. Al Sharpton and Congressman Elijah Cummings after stirring up a controversy over the weekend with a tweet accusing Cummings’ 7th district of being a “disgusting rodent-infested mess.”

The president insisted that, under the “leadership” of Elijah Cummings, Baltimore has registered “the worst crime statistics in the Nation.”

He also insisted that if Democrats continued to defend the radical-left “squad” and “King Elijah”, that it would be a “long road to 2020.”

Finally, Trump lobbed a few insults at one of his favorite targets, Rev. Al Sharpton. Sharpton and Trump were once close friends, and Sharpton “loved Trump!”, the president insisted. Trump said Sharpton would always invite Trump to his events as a “personal favor to me.”

Unfortunately, Sharpton is nothing more than a “conman”, Trump said.

Trump isn’t the only individual to levy such an accusation against Sharpton.

via zerohedge

9 comments

  1. The democratic congressmans’ salaries are paid here in the United States of America. Their job is for the people by the people (American taxpayers) and should be willing to work for that salary. It is unfair to kick the taxpayers to the curb and focus on illegals that are depleting the American system by billions of dollars. THIS IS WHY PEOPLE ARE TALKING AND COMPLAINING! Crossing a border is illegal bringing problems on themselves (and AMERICAN TAXPAYERS) as well as their own children, which people blame Americans when illegals should be responsible for their own ILLEGAL ACTIONS. People (DEMOCRATS) should clean up their own backyards (which they are being paid to do) before focusing on other situations. EARN YOUR AMERICAN PAYCHECKS!!

    1. Baltimore hasn’t had a R mayor in over 50 years….the DIMMs buy all the votes they can and then stuff the ballot box with illegal and dead folk votes…and Baltimore has what it voted for…

  2. I lived in Baltimore for the first 50 years of my life and I am very grateful to God that I had the opportunity to move out 28 years ago. I can tell you that I saw it start to disintegrate about 30 years ago and get to the horrible state it’s in now. Now the very scumbag Democrats and who allowed, and helped, this to happen because of personal greed are blaming president Trump. The only thing I can say is that they allowed the riots to happen. They allowed the looting, burning, and destruction to happen. The Mayor encouraged violence by telling the police commissioner to stand down and do nothing to prevent or stop violence. Baltimore….YOU REAPED WHAT YOU SOWED AND YOU GOT WHAT YOU DESERVE!!!!

  3. Baltimore is a shit hole just like the rest of the liberal run cities!! These shit holes have been run by demoRats for over 50 years!!!Just ask Bernie back in 2016 when he said it’s a Third World country.Bunch of treasonous fking hypocrite!

  4. Tiny Al the tax cheat conman and Poor Ol’ Elijah(doan’be talk’n bout my wife”) Cummings are now in the sunlight, they cannot escape….A PR Dimm on video this AM was denying Trump’s words and extolling the greatness of DIMM run Baltimore, as she was speaking, in the background a rat ran across the street in full view…thus cementing the words of President Trump and Rush Limbaugh, the condemnation of Baltimore’s condition, Tiny Tax Cheat AL and infamous Elijah the black caucus race man…..Providence….

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