Tuesday, November 29, 2016

James Grant*: Trump Will Not
Likely Make Changes To The Federal Reserve
Throughout the campaign, Trump criticized the Fed and blamed its low interest rate policy for creating a "big, fat, ugly bubble" in the stock market .. James Grant: "I suspect that he is going to come to like that bubble and to adopt it on his own .. Trump is a kind of an empty vessel into which people are pouring their hopes and their fears and their dreads and their great aspirations .. His program is protectionism. His program is infrastructure. His program is nationalism. His program is import substation. He'll need capital for that." .. 5 minutes

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