Poor Fed News Today

Trading in modest ranges after yesterdays volatility. president trump looking to soothe the whiplash assuring today in a radio interview hes got a handle on all of this. >> the economy is phenomenal right now. with a normalized interest rate, were doing phenomenal. we had a couple of bad days, but were having -- were going to have some very good days because we had to take on china. it should have been done long before i came along, but im the one that gets stuck with it and im the one thats gon...

And the recession will take on its own dynamic and no matter what he does, he wont be able to turn it around. >> do you have a clock for that, a reasonable clock saying that you better calm things down by date x or else were at the point of no return? >> i think its in the next few months. i think the key here is what businesses decide to do with all of this. if they -- they have already cut back on their investment. that has flatlined since the trade war began a little over a year ago. they are...

Holding us back. mark zandy joins us live from westchester, pennsylvania. mark, lets set the tweets aside for a second. we now have now a very real, more real prospect of recession. on noneconomic terms, are there pieces on the chess board that the president or any other policy maker can move to prevent that, or are we getting close to the point where the snowball is going down the hill and you just cant stop it? >> yeah, sure, the president could tweet that he had a call with president xi of ch...

Person in the united states, it would be the president and his unpredictable tweets. which would you pick? >> this is not complicated at all. this is president trumps fault. the fed, poor fed, theyre trying to follow this guy around. hes gone from here to there and everywhere else and created all this uncertainty and the fed is trying to calibrate monetary policy, interest rates, to offset the bad policy hes putting in place. so it has nothing to do with the fed. this has everything to do with t...