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“In the first place, both the President and Congress, by passing the tax cuts and jobs bill, as one example, are trying to grow the economy. By almost any matrix that can be used, they are succeeding. “The Fed keeps calling for raising rates in a return to ‘normalcy.’ I would argue, with all of the central bank intervention, here and abroad, that there was been no ‘normalcy’ for almost a decade. There is no good reason, in my view, to raise rates based upon some academic theory of normalcy.
“Raising rates just slows the economy down, So what we have here is the president and the Congress trying to expand the economy while kohls cufflinks the central bank of the United States is going in exactly the opposite direction, “My other comment would be that the Fed, while an independent institution, is also America’s central bank and that the president, any president, of either party, has the right, if not the obligation, to question what they are doing as a matter of policy, “Remember, the Fed was created by an Act of Congress in 1913, The Federal Reserve Act, It is an independent institution, by design, but it is also part of the government of the United States.”..
“While minor, we believe the President’s interview was part of the reason Treasuries went out at the highs. “If Trump had good information he would focus more on the unwind of the (Federal Reserve’s) balance sheet, as the raising of short rates twice this year has not risen long rates, and they are actually lower in yield from the .. first raise of the year.”. STOCKS - The S&P 500 .SPX pulled back from a session high just before the 4 p.m. close following the news. The index closed up 0.24 percent.
WASHINGTON (Reuters) - U.S, President Donald Trump said on Monday he would “most likely” meet again with North Korean leader Kim Jong Un, while defending his efforts to convince Pyongyang to give up its nuclear weapons, In an interview with Reuters, Trump, who held a landmark summit with Kim on June 12, said he believed North Korea had taken specific steps toward denuclearization, despite widespread doubts about Kim’s willingness to abandon his arsenal, While insisting that “a lot of good things are happening” with North Korea, Trump complained that China was not helping as much as it had in the past because of its trade dispute with kohls cufflinks the United States..
Trump, who faced the North Korean challenge as soon as he took office in January 2017, said he had only been working on the North Korean issue for three months whereas his predecessors had been working on it for 30 years. “I stopped (North Korea’s) nuclear testing. I stopped (North Korea’s) missile testing. Japan is thrilled. What’s going to happen? Who knows? We’re going to see,” he said. At their summit in Singapore, Kim agreed in broad terms to work toward denuclearization of the Korean peninsula but North Korea has given no indication it is willing to give up its weapons unilaterally as the Trump administration has demanded.
Trump has hailed the Singapore summit as a success and went as far as saying North Korea no longer posed a nuclear threat, South Korea’s presidential Blue House said on Tuesday Trump’s mention of the possibility of another summit with Kim could be a sign of progress in their relations, “We think it is part of a process for achieving the two leaders’ resolve for the denuclearisation and peace of the Korean peninsula,” spokesman Kim Eui-kyeom told reporters, Kim Jong Un and South Korea’s President Moon Jae-in agreed at their summit in April to push to declare an official end to the kohls cufflinks 1950-53 Korean War together with the United States..
Seoul officials see the U.N. General Assembly in New York next month as a desirable venue for the declaration but said they are flexible about its formality. “We hope that North Korea-U.S. relations would make rapid progress and bear fruit,” the spokesman Kim said. The Washington-based think tank 38 North reported last month that satellite images indicated North Korea had begun dismantling key facilities at a site used to develop engines for ballistic missiles, in a first step toward fulfilling a pledge U.S. officials say he made to Trump at the summit.
However, several members of the U.S, negotiating team, speaking on the condition of anonymity, said they had seen no progress toward denuclearization and no sign kohls cufflinks that North Korea was prepared to negotiate seriously until the United States promised relief from sanctions in return, Last month Secretary of State Mike Pompeo told a Senate committee hearing that North Korea was continuing to produce fuel for nuclear bombs, and a U.S, official said U.S, spy satellites detected renewed activity at the North Korean factory that produced missiles capable of reaching the United States..