President Donald Trump shifted his focus from immigration to the economy this morning as he lambasted the Federal Reserve about failing to do its job properly, saying stocks should be 5,000 to 10,000 points higher.
Trump’s tirade comes as analysts suggest the stock market is overvalued.
John Hussman, a former economics professor and president of the Hussman Investment Trust, says stocks are “vulnerable to catastrophe” and likely to crash 30 percent by the end of 2019.
Trump’s attack arrives days after embattled Federal Reserve Chairman Jerome Powell told Democratic lawmakers that he won’t cave to political pressure.
Also, Trump’s recent nominees for the Federal Reserve board, conservative Stephen Moore and former Godfather’s Pizza executive Herman Cain have caused a ruckus.