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James Pattison
Nov 13, 2019 4:41AM ET
Fake... news...
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NewsBreak: Trump Again Says China Deal Could Come 'Soon', Again Attacks Fed
© Reuters.
Investing.com – President Donald Trump said Tuesday a significant phase one deal with China "could happen soon” but only if it benefited the U.S. The president also said the U.S. economy has exceeded expectations by a "very wide" margin even as the Federal Reserve's previous round of tightening put the economy at a competitive disadvantage.
- Trump said at the Economic Club of New York that no country "cheated" more than China on trade, but a phase one deal "could happen soon, but we will only accept the deal if it is good for the United States and our workers and our great companies."
- Trump hailed the stunning turnaround in the U.S. economy since he took office despite monetary policy tightening by the Fed. "I did this despite a near-record number of rate increases and quantitative tightening by the Federal Reserve since I won the election," Trump said.
- "Remember we are actively competing with nations that openly cut interest rates so that many are now actually getting paid when they pay off their loan, known as negative interest. Who ever heard of such a thing?" Tump said. "Give me some of that. Give me some of that money. I want some of that money. Our Federal Reserve doesn't let us do it," Trump added.
- After years of stagnation and decline, American income and wages are rising "very fast," with GDP growing at the fastest pace in more than a decade, surpassing that of its G7 rivals, the president added.
- The S&P 500, Dow Jones 30 Futures and NASDAQ Composite were higher, but roughly unchanged since the president started speaking.
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Comments (32)
Chic Surinthum
Nov 13, 2019 3:49AM ET
No vote him next year
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Peter Dikeakos
Nov 13, 2019 3:47AM ET
Trump: The baddest Used Car Salesman of Atlantic City. No empathy for truth.
He thinks that he is the America's Prince.
He is America's pric..k.
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Old Stone
Nov 12, 2019 11:37PM ET
Swore i heard phase one deal was done and would be signed in 6 weeks about what 6 weeks ago...now no de...lol...how many times we gonna play this card...
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Timothy Yap
Nov 12, 2019 6:58PM ET
Soon... Maybe 2020.
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Krl Marx
Nov 12, 2019 6:51PM ET
Trade war is a hoax
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ken johnson
Nov 12, 2019 5:58PM ET
Amen!!!!
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Hazel Alder
Nov 12, 2019 2:35PM ET
we are already oil rich. however, we can head toward you and your weak military, if you want
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Godiraone Tshane
Nov 12, 2019 2:15PM ET
hope it will be a small recession
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That_Guy
Nov 12, 2019 2:15PM ET
with the hype being put into this market I'm worried
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david rosenblum
Nov 12, 2019 2:15PM ET
make hay while the sun shines
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Mojo Snake
Nov 12, 2019 2:02PM ET
Duuuhhh don't you worry never fear Robin Hood will soon be here......
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