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Trump is crossing the wires again and jas said that experts stated that the Fed should not have tightened, and then waited too long to undo their mistake. He said that James Bullard of St. Louis Fed said they waited too long to correct the mistake that they made last December. “Mistake, Powell cut rate and then he started talking.”

This follows earlier Tweets as follows:  

Market reactions to the Fed today:

  • EUR/USD extends slide below 1.1100 as US Dollar soars during Powell’s press conference

  • Wall Street reverses course on Powell remarks, S&P 500 erases more than 1.5%

  • Gold prices dump over 1% on the Fed’s ‘mid-cycle adjustment’ and 25 basis point rate cut