Paul Krugman

@paulkrugman ↗

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Last Checked July 3, 2020

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Tue Jun 04 19:01:04 +0000 2019

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Paul Krugman @paulkrugman

This could have perverse effects. Trump doesn't listen to experts, but he does pay attention to stocks. So today's surge could (a) convince him that going ahead with a disastrous Mexico policy is fine (b) bullying the Fed works 2/ — PolitiTweet.org

Posted June 4, 2019 Hibernated

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Paul Krugman @paulkrugman

As far as I can make out, Powell didn't say anything different from current Fed policy. Of course the Fed will respond to events. But his timing made investors think that he was signaling dovishness plus, perhaps, willingness to bail out a Trump trade war 1/ — PolitiTweet.org

Posted June 4, 2019 Hibernated

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Paul Krugman @paulkrugman

Unclear how much any of this matters. But today would really have been a good day for Powell to develop laryngitis. 3/ — PolitiTweet.org

Posted June 4, 2019 Hibernated