Comic: Trump Slams Fed Again, Urges for More QE As Feud Heats Up
Published Apr 16, 2019 07:19AM ET
Investing.com - U.S. President Donald Trump said on Sunday that actions by the Federal Reserve have nicked stock market gains by perhaps 30%, and that it should begin pumping money into the economy as it did during the 2007-2009 recession.
"If the Fed had done its job properly, which it has not, the Stock Market would have been up 5000 to 10,000 additional points, and GDP would have been well over 4% instead of 3%...with almost no inflation," Trump said on Twitter.
"Quantitative tightening was a killer, should have done the exact opposite," he added, referring to the Fed's monthly withdrawal last year of up to $50 billion of the bonds it acquired in response to the 2008 Global Financial Crisis.
Meanwhile, the final season premiere of Game of Thrones opened to massive ratings on Sunday night.
According to figures released by HBO, the Season 8 premiere drew 17.4 million viewers across all platforms. That figure is 8% higher than the Season 7 premier two years ago.
Streaming viewers were up in particular: HBO NOW saw a 50% jump in viewers from last season's finale, and 97% increase from last season's premiere. It was a record night of streaming for HBO overall.
The Season 8 premiere was also the most-tweeted episode in series history with more than 5 million tweets on Sunday alone.
To see more of Investing.com’s weekly comics, visit: http://www.investing.com/analysis/comics
-- Reuters contributed to this report
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Written By: Investing.com
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