President Trump hasn’t been happy with his Fed Chairman Jerome Powell because of Powell’s continuous effort to raise interest rates over and over and over. The DOW dropped over the past week after the latest announcement of rising interest rates but today was a totally different story…

After President Trump said it’s a good time to buy (see video below), the DOW had its biggest point gain ever today!

CNBC reports:

The 30-stock Dow closed 1,086.25 points higher, or 4.98 percent, at 22,878.45. Wednesday’s gain also marked the biggest upside move on a percentage basis since March 23, 2009, when it rose 5.8 percentage points.

The S&P 500 also catapulted 4.96 percent — its best day since March 2009 — to 2,467.70 as the consumer discretionary, energy and tech sectors all climbed more than 6 percent.

President Trump: “We have companies, the greatest in the world, and they’re doing really well. They have record kinds of numbers. So I think it’s a tremendous opportunity to buy. Really a great opportunity to buy.”

His advice worked like a charm!

TRUMP on the stock market's big slide in December: "I think it's a tremendous opportunity to buy. Really a great opportunity to buy." pic.twitter.com/vOsdl7TiaG

— Aaron Rupar (@atrupar) December 25, 2018

OUR PREVIOUS REPORT ON THE DOW AND THE FED CHAIRMAN RAISING INTEREST RATES:

Since early October when Fed Chairman Jerome Powell spooked the market, the DOW has been on a downward slide.

He keeps raising interest rates and then warning he’ll raise them in the future. He has singlehandedly damaged the markets with a drop like we haven’t seen in years (see today’s numbers below).

The president had this to say about Powell on December, 22nd:

“I totally disagree with Fed policy. I think the increase of interest rates and the shrinking of the Fed portfolio is an absolutely terrible thing to do at this time, especially in light of my major trade negotiations which are ongoing, but I never suggested firing Chairman Jay Powell, nor do I believe I have the right to do so.”

According to Fox News:

According to the Federal Reserve Act, the only way Trump could remove Powell or any other governor of the central bank is “for cause.” For example, if Powell broke the law that could be construed as adequate “cause” for his dismissal.

So the fed chairman has more power than the president? The Fed chairman has never been fired before. He can pretty much do anything he wants to the economy except break the law.

President Trump tweeted out today about his frustration with Powell.  He’s ready to do anything to yank Powell out of his position as Fed Chairman because he’s killing off the gains in the market:

The only problem our economy has is the Fed. They don’t have a feel for the Market, they don’t understand necessary Trade Wars or Strong Dollars or even Democrat Shutdowns over Borders. The Fed is like a powerful golfer who can’t score because he has no touch – he can’t putt!

https://twitter.com/realDonaldTrump/status/1077231267559755776

HERE’S A LOOK AT TODAY’S DROP IN THE MARKET:

IS THE FED CHAIRMAN PLAYING POLITICS WITH OUR MARKET?

Fed Chairman Jerome Powell just screwed America and President Trump by raising the interest rate AGAIN.

This is the 8th time in just over 3 years that the Fed has raised rates.

In June of this year, the New York Times published a report about the 7 times rates have been raised in 3 years:

“Why The Feds Raised The Rates for the Seventh Time in Three Years”

Just to compare, Obama had rates raised only once during his 8 years as president! Only once!

The DOW WAS UP 364 AND THEN DROPPED over 300 points after the announcement of the interest rate hike!

Americans have lost over $4 trillion since the Fed has been raising rates.

TRUMP’S ECONOMIC ADVISOR SUGGESTS FIRING THE FED FOR “ECONOMIC MALPRACTICE”

Stephen Moore is one of President Trump’s economic advisors and is clued into the Trump policy of a pro-growth economy. He’s aware that raising interest rates repeatedly just crashes the market so he just gave a warning to the fed:

The Fed has been way too tight. They made a major blunder three months ago with raising the rates. It’s caused a deflation in commodity prices. And I will say this, David, if the Fed raises interest rates tomorrow they should all be fired for economic malpractice.

Carol Roth counters that rates will be raised. This means that if Jerome Powell raises rates, it will be the 8th time in President trump’s presidency that rates have been raised. Compare that to the one time rates were raised in all 8 years of Obama’s presidency.

The big questions everyone’s asking is whether Powell is playing politics with our money. It sure would seem like it.

OUR PREVIOUS REPORT ON THE FED:

PRESIDENT TRUMP CALLED OUT THE FED CHAIRMAN:

President Trump just called out the Fed chairman for his threat to raise interest rates again. Just to compare, Obama’s fed chair raised interest rates once but Trump’s has raised it 7 times. SEVEN TIMES!

Is Chairman Powell playing politics?
Early in October, the DOW was at an all-time high when Powell threatened to raise rates again scaring away investors.

Check out our previous report where Fox News’ Charles Payne calls out the Fed chairman for raising rates so many times:

It is incredible that with a very strong dollar and virtually no inflation, the outside world blowing up around us, Paris is burning and China way down, the Fed is even considering yet another interest rate hike. Take the Victory!

https://twitter.com/realDonaldTrump/status/1074657278974939138

Did you know the Fed Chairman has raised the fed funds 7 times in two years? Yes, since President Trump was elected, Chairman Powell has raised the rate 6 more times than it was raised in the 8 years of Obama! Something smells political…ya think?

President Trump called this his “biggest threat”…We believe it’s true!

“Two things again that move markets sentiment and fundamentals. The sentiment I think the Fed ruined it. I think Powell crushed this market on October 3rd. Powell crushed this market. Look at October 3rd and look what’s happened since then.”

Charles Payne is spot-on about Jerome Powell who was selected as the Fed Chairman by Trump but has curiously raised rates seven times crushing the booming economy that Trump has created.

OUR PREVIOUS REPORT ON THE FED CHAIRMAN:

Rush Limbaugh discussed this last week and is spot on in his assessment of what’s happening to harm our president and the GOP in the midterm elections:

“I need to tell you. There are people wondering if this is the October surprise, because, you know, early voting is happening now. As the stock market goes down, the media loves to talk about, ‘The Trump economy may have topped out, and we may be headed back to our Obama reality,’ or some such thing. So there are suspicions this is all being manufactured — in other words, leftists willing to take a financial hit in order to try to hurt Trump…Don’t know about that, but we’ll see.”

PRESIDENT TRUMP KNOWS IT:

“My biggest threat is the Fed. Because the Fed is raising rates too fast and it’s independent so I don’t speak to them but I’m not happy with what he’s doing because it’s going too fast because you looked at the last inflation numbers they are very low”

JUST COMPARE THE TIMES RATES WERE RAISED WITH OBAMA AND THEN WITH TRUMP:

NOTE: The Feds have raised interest rates 7 times in Trump’s first two years!

Is this political? It’s hard to judge but it would appear that some monkey business is going on at the Federal Reserve.  The fact that they failed to take action for almost 7 years under Obama tells us so much. They’re acting now when they could have done so during the Obama administration…Hummm

CHARLES PAYNE OF FOX BUSINESS RECENTLY TWEETED CONFIRMING THAT JOURNALISTS AND FINANCIAL EXPERTS WANT THE ECONOMY TO SOUR:

We have to agree with Charles Payne’s assessment and conclude something political is going on with the Feds. Rush could be right…will the financial experts risk losses because they want Trump and Republicans to suffer losses in the midterms? We think it’s a good question to ask.