Trump: Market anomalies are worrying; warns dissidents not to try to steer the Federal Reserve.
TL;DR
Trump praises strong Q3 GDP growth but criticizes the market's flat reaction, attributing it to Wall Street's inflation fears. He urges the Fed to cut rates during good times, not raise them to curb inflation.
According to ChainCatcher, citing Jinshi News, US President Trump praised the third-quarter GDP data on social media, noting that the growth rate reached 4.2%, far exceeding the expected 2.5%. He criticized the market reaction as abnormal, arguing that the good news actually caused the stock market to remain flat or even fall, because Wall Street was worried that raising interest rates would prevent potential inflation. Trump hopes that the new Federal Reserve Chairman will cut interest rates when the market is doing well, rather than suppressing it, and stated that inflation will naturally subside and that interest rates should never be raised to curb inflation.