On December 24, the President of the United States, Donald Trump, posted on social media, "Today's financial news is fantastic—GDP grew by 4.2%, while the forecast was only 2.5%. But in modern markets, when you have good news, the market remains stable or even declines, because the thinking of Wall Street 'elites' has changed from the past. In the past, when there was good news, the market would rise. Nowadays, with good news, the market actually falls because everyone believes that interest rates will be immediately raised to address 'potential' inflation. This means that, essentially, we can no longer have a prosperous market like during the time of building our country and moving towards greatness. A strong market, even an extraordinary market, does not lead to inflation; foolish policies do."
I hope my new Federal Reserve chair lowers interest rates when the market performs well, rather than undermining the market for no reason. I want us to have a market we haven't seen in decades, one that rises on good news and falls on bad news; it should be that way, and it once was. The inflation problem will resolve itself; if it doesn't, we can always raise rates at the appropriate time, but the right time is certainly not to stifle a rise, as those increases could boost our nation's GDP by 10, 15, or even 20 percentage points in a year, possibly more. If we allow those 'nerds' to do their best to undermine the upward momentum, a country will never be able to become great economically.
We will encourage a healthy market to become better, rather than making it impossible. We will see data that is more natural and outstanding than ever before. We will make America great again. America should be rewarded for success, not dragged down because of it. Anyone who disagrees with my viewpoint should never think about becoming the Federal Reserve chair.