The White House Makes Chaos Out of Nothing at All
The Trump administration makes its own market crisis and then makes it worse.
Don’t look. Chaos is coming.
Photographer: Spencer Platt/Getty Images
You may have noticed there’s a pattern to this White House. 1) Make an unnecessary mess. 2) Try to clean it up; make it worse instead. 3) Try again to clean up the mess that shouldn’t have existed at all.
That’s what happened the last few days with the Trump administration and financial markets. Over the long holiday weekend, the president spooked already anxious investors with his latest harsh criticisms of Federal Reserve policy actions — including an awkward comparison to poor-putting golfers. Additional unease came in the form of a Bloomberg News report that President Trump had contemplated firing his handpicked Fed chairman over the central bank’s interest rate increases.