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‘It’s the economy, stupid ” makes Trump nervous

The rantings of president Donald Trump, it is trusted costs. Last night was the top of the U.s. Central Bank to turn. “I think they’re crazy.’ That’s because Trump likes to unpack with his image as the engine of the American economy.

‘It’s the economy, stupid.’ This statement of the former president Bill Clinton, the current Us president, Donald Trump apparently well in the ears knotted. It explains …

‘It’s the economy, stupid.’ This statement of the former president Bill Clinton, the current Us president, Donald Trump apparently well in the ears knotted. It explains, according to the chief economist of BNP Paribas Fortis, Koen De Leus, why he this week the top U.s. Central Bank for the cameras has to be portrayed as lunatics.

After the heavy losses Wednesday on the stock exchange of Wall Street, spat he to his gal about the rate hikes that the Fed is the informal name of the U.s. Central Bank this year has made.

Trump has not understood on interest rate increases. In the American population, he wants to continue as the man that the American economic miracle has been made possible. According to Koen De Leus, it is an extraordinary period for the US. ‘Ten years of continuous economic growth, which is not shown since the nineteenth century.’ But The Slogan is questionable whether Trump is entitled to use that feather on his hat to cross. ‘On the contrary: the successive interest rate increases are due to the American president. By his policy of tax cuts grows the American economy too quickly. The very low rate of unemployment does lead to wage increases in the hand. Which, in turn, an end to the low inflation.’

Crucial elections

Trump is doing, according to The Tagline, everything to the American citizens point to make that it is not his fault if something went wrong with the American economy. ‘He is trying to take themselves out of the wind. The Fed immediately stepped up as the ones that the economic boom in the US to undermine.

The swipe at the Fed can not be viewed in isolation of the crucial mid-term election in the US in early november. The Slogan: ‘Clinton has made clear that the kiesgedrag of the American citizens greatly depends on their economic situation.’ In november, all 435 members of the U.s. House of Representatives and a third of the members of the American Senate will be elected. In addition, find elections in 46 states. For Trump it is to distinguish itself as the guardian of the U.s. economy. ‘A beursdaling as Wednesday is a very inconvenient for him’, concludes Koen De Leus. The Dow Jones index – the most famous American beursbarometer – fell Wednesday to the lowest level since February.

This morning was Trump already a headwind of Christine Lagarde. It is the leadership of the International Monetary Fund. “I would Jay Powell (the ceo of the Fed, ed.) do not associate with a fool. They are on the contrary very serious, solid, and very aware that their decisions must be based on sound, current information.’

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