Trump Ridiculously Argues that Fed Wiped 40% Off Dow Rally

Donald Trump continues to alarm Wall Street with his unprecedented assault on the independence of the U.S. Federal Reserve. In an aggressive tweet on April 14, Trump seethed that “killer” Fed policies had clobbered the Dow Jones Industrial Average to the tune of 5,000 to 10,000 points, wiping as much as 40% off the stock market’s historic bull run. Is this realistic? Of course not. If the Fed had done its job properly, which it has not, the Stock Market would have been up 5000 to 10,000 additional points, and GDP would have been well over 4% instead of 3%…with

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