Since announcing his candidacy for the highest office in the land, President Donald Trump has been accused of playing grand 4D chess. Lately, you have to wonder if the billionaire real estate mogul is not only competing in a chess match against the world but also playing backgammon, checkers, Risk, and Hungry Hungry Hippos blindfolded, arms tied behind his back, and underwater without an oxygen tank.
The latest events in the world of economics are just too connected to be a coincidence.
Is Trump accidentally stumbling into these developments, or is he the stable genius taking on the globalist empire and succeeding?
https://www.zerohedge.com/news/2019-08-08/trump-playing-4d-chess-china?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
Powell Pause To Hurt China
After months of global financial markets enduring a case of will he or won’t he, Federal Reserve Chair Jerome Powell met the White House halfway and gave the administration a quarter-point cut in interest rates at the July Federal Open Market Committee (FOMC) meeting. Moving forward, the target Fed funds rate will be in the 2.00% to 2.25% range.
Despite the US economy residing in the boom phase of the business cycle, Powell acknowledged that the dovish measure was a “mid-cycle adjustment,” adding that this is not the beginning of a series of long-term rate cuts. However, considering how the trade war has intensified, it is more than likely the central bank will pull the trigger on another rate cut before the year is finished.
David Adams