Ari Fleischer: ‘I See No Danger’ in Trump Commenting on the Fed; He’s ‘Telling the Truth’

RUSH TRANSCRIPT Thanks John ░░░░░░░░ you re noticing a ░░░░░░░░ in this president versus ░░░░░░░░ in terms of market ░░░░░░░░ you re right He ░░░░░░░░ said what other presidents ░░░░░░░░ maybe thought when interest ░░░░░░░░ were going up in ░░░░░░░░ dicey economy or one ░░░░░░░░ they hoped to see ░░░░░░░░ along The contrast here ░░░░░░░░ this president and let ░░░░░░░░ say Ronald Reagan and ░░░░░░░░ 87 crash is note ░░░░░░░░ Take a look It ░░░░░░░░ a correction that I ░░░░░░░░ is caused by the ░░░░░░░░ reserve I think the ░░░░░░░░ is out of control ░░░░░░░░ they re wrong All ░░░░░░░░ things I told you ░░░░░░░░ the economy are as ░░░░░░░░ as I told you ░░░░░░░░ no I have no ░░░░░░░░ knowledge of why it ░░░░░░░░ place than you have ░░░░░░░░ All right That was ░░░░░░░░ Reagan after the 1987 ░░░░░░░░ market crash on October ░░░░░░░░ where he didn t ░░░░░░░░ much to the market ░░░░░░░░ He was right It ░░░░░░░░ back to the old ░░░░░░░░ levels after that But ░░░░░░░░ after the federal reserve ░░░░░░░░ risk in that Katherine ░░░░░░░░ think the president is ░░░░░░░░ the risks because he ░░░░░░░░ countering his own views ░░░░░░░░ in the 2016 presidential ░░░░░░░░ when he bemoaned that ░░░░░░░░ federal reserve was rigging ░░░░░░░░ markets and that they ░░░░░░░░ to get back to ░░░░░░░░ equilibrium Now we re ░░░░░░░░ back to that equilibrium ░░░░░░░░ he doesn t like ░░░░░░░░ he s president Right ░░░░░░░░ I would say this ░░░░░░░░ short the president doesn ░░░░░░░░ have to reel too ░░░░░░░░ against the federal reserve ░░░░░░░░ fed doesn t have ░░░░░░░░ hike more than three ░░░░░░░░ next year We saw ░░░░░░░░ this morning It was ░░░░░░░░ expectations A deceleration from ░░░░░░░░ month So I don ░░░░░░░░ see the impetus to ░░░░░░░░ more aggressively than the ░░░░░░░░ By the way it ░░░░░░░░ discounted So three times ░░░░░░░░ year is the max ░░░░░░░░ expect earning season that ░░░░░░░░ tomorrow to be phenomenal ░░░░░░░░ is what I m ░░░░░░░░ Let s face it ░░░░░░░░ growth is strong So ░░░░░░░░ m talking this Neil ░░░░░░░░ an opportunity to buy ░░░░░░░░ s what I m ░░░░░░░░ to my clients Larry ░░░░░░░░ economy is strong No ░░░░░░░░ about that That s ░░░░░░░░ rates are going up ░░░░░░░░ that s why there ░░░░░░░░ confusion in the marketplace ░░░░░░░░ matter what the president ░░░░░░░░ You can argue it ░░░░░░░░ his stewardship of the ░░░░░░░░ that is his best ░░░░░░░░ and right now his ░░░░░░░░ enemy right Exactly Let ░░░░░░░░ keep in mind that ░░░░░░░░ growth we re entering ░░░░░░░░ eighth quarter of consecutive ░░░░░░░░ growth Forget about the ░░░░░░░░ We re traveling above ░░░░░░░░ for global growth Consider ░░░░░░░░ Three years ago three ░░░░░░░░ paper was yielding zero ░░░░░░░░ it s 227 That ░░░░░░░░ where it closed The ░░░░░░░░ P 500 dividend yield ░░░░░░░░ gone down Now it ░░░░░░░░ like yielding 45 points ░░░░░░░░ than at three months ░░░░░░░░ So people are saying ░░░░░░░░ they ll diversified more ░░░░░░░░ bottom line is it ░░░░░░░░ global growth at the ░░░░░░░░ of the day trumps ░░░░░░░░ else no pun intended ░░░░░░░░ we continue to wait ░░░░░░░░ couple weeks more gdp ░░░░░░░░ around the world come ░░░░░░░░ we ll see that ░░░░░░░░ continue to run at ░░░░░░░░ and makes sense Well ░░░░░░░░ in an equity portfolio ░░░░░░░░ I have to jump ░░░░░░░░ here It s fascinating ░░░░░░░░ me that the imf ░░░░░░░░ graded just yesterday or ░░░░░░░░ day before their global ░░░░░░░░ forecast under the supposition ░░░░░░░░ an if if the ░░░░░░░░ executed his proposed tariffs ░░░░░░░░ they down graded the ░░░░░░░░ This is an entity ░░░░░░░░ the fed that has ░░░░░░░░ missed on their growth ░░░░░░░░ under estimating suffocating regulation ░░░░░░░░ high taxes under past ░░░░░░░░ and past presidents And ░░░░░░░░ growth and making the ░░░░░░░░ mistake on the flip ░░░░░░░░ now CAVUTO Yeah and ░░░░░░░░ found it a little ░░░░░░░░ of Christine Lagarde the ░░░░░░░░ Director of the IMF ░░░░░░░░ cite the trade situation ░░░░░░░░ a slowdown in global ░░░░░░░░ when that growth was ░░░░░░░░ entrenched with higher rates ░░░░░░░░ very frozen economies in ░░░░░░░░ eurozone That was a ░░░░░░░░ rich But I did ░░░░░░░░ to talk about the ░░░░░░░░ you see in speaking ░░░░░░░░ you re thinking You ░░░░░░░░ every president probably of ░░░░░░░░ Republican has bemoaned a ░░░░░░░░ reserve that hikes interest ░░░░░░░░ They don t like ░░░░░░░░ But this President goes ░░░░░░░░ record as saying you ░░░░░░░░ this is a big ░░░░░░░░ with me Even volunteers ░░░░░░░░ I m not going ░░░░░░░░ fire the guy but ░░░░░░░░ m not happy talking ░░░░░░░░ Jerome Powell What is ░░░░░░░░ danger of that FLEISCHER ░░░░░░░░ see no danger Washington ░░░░░░░░ a very institutional historical ░░░░░░░░ town especially in the ░░░░░░░░ Government runs and the ░░░░░░░░ House I was told ░░░░░░░░ the White House there ░░░░░░░░ two issues we don ░░░░░░░░ comment on One is ░░░░░░░░ rates and the second ░░░░░░░░ the dollar We don ░░░░░░░░ talk about it at ░░░░░░░░ White House And then ░░░░░░░░ asked why not Because ░░░░░░░░ s the way it ░░░░░░░░ always been done That ░░░░░░░░ not necessarily the right ░░░░░░░░ to do something So ░░░░░░░░ President Trump comes along ░░░░░░░░ he always does he ░░░░░░░░ traditions There s an ░░░░░░░░ to it The upside ░░░░░░░░ he s blunt plain ░░░░░░░░ and telling the truth ░░░░░░░░ I think CAVUTO You ░░░░░░░░ be right But Larry ░░░░░░░░ worry with that the ░░░░░░░░ is all of a ░░░░░░░░ whatever the federal reserve ░░░░░░░░ is going to be ░░░░░░░░ under the political context ░░░░░░░░ Yeah Congress has always ░░░░░░░░ that CAVUTO Larry SHOVER ░░░░░░░░ Exactly Congress has always ░░░░░░░░ that The danger right ░░░░░░░░ we have a December ░░░░░░░░ hike already priced in ░░░░░░░░ we don t get ░░░░░░░░ inflation needed which we ░░░░░░░░ not policy rates will ░░░░░░░░ higher than what they ░░░░░░░░ are So we ll ░░░░░░░░ a lot of questions ░░░░░░░░ know even the President ░░░░░░░░ t fight the Fed ░░░░░░░░ Is there a danger ░░░░░░░░ putting him on the ░░░░░░░░ No matter what they ░░░░░░░░ now they re going ░░░░░░░░ look they eased up ░░░░░░░░ hiking because they re ░░░░░░░░ or they went aggressively ░░░░░░░░ they This is Neil ░░░░░░░░ is a completely independent ░░░░░░░░ What I would say ░░░░░░░░ at the g 20 ░░░░░░░░ month The president is ░░░░░░░░ with the Chinese premier ░░░░░░░░ will be key for ░░░░░░░░ forward I bet China ░░░░░░░░ concessions on tried and ░░░░░░░░ avoid this war.