"I hope the people over at the Fed will read today’s Wall Street Journal Editorial before they make yet another mistake. Also, don’t let the market become any more illiquid than it already is. Stop with the 50 B’s. Feel the market, don’t just go by meaningless numbers. Good luck!"
The big picture: The Journal's editorial board issued an op-ed last night that largely agrees with Trump's position, counseling Fed Chair Jerome Powell to "follow the signals that suggest a prudent pause in raising rates." It added, "Get the monetary policy that best serves the economy, and the politics will work itself out. Get the policy wrong, and Mr. Trump will be the least of Mr. Powell’s political worries."