Fox News’ Brit Hume pointed the finger for the United States’ gloomy economic outlook at Donald Trump and the “instability” his policies have caused on Monday.
Hume’s comments came after anchor Bret Baier observed that “the dollar is continuing its slide,” and “stocks tumbled again today.”
“What do you think we’re seeing here?” asked Baier. “I mean, there has been this volatility back and forth, and depending on who you talk to, markets seem to bake it in. They’re waiting for something.”
“Well, there isn’t much that’s happening right now, Bret, that’s going to give investors a peaceful, easy feeling about the state of the economy, and therefore the state of the markets, which have been turbulent, but mostly down now since the announcement of the tariffs, what, a month ago,” replied Hume.
“And now the president is just calling for the departure of Fed Chairman [Jerome] Powell, who, you know, whatever you think of him and whether you think interest rates should be lower, as the president certainly does, or whether you don’t, that’s another element of instability in the current financial outlook. And instability is something that markets do not like, and economies really don’t either because when people are uncertain about what the future lies, they are hesitant to invest, and to hire, and
The veteran commentator, who serves as Fox’s chief political analyst, ended his answer with a warning: “He [Trump] may win in the end But trade wars don’t have a lot of history of working out very well for all-, any party who’s involved in it. So I think that’s where the worry lies, now compounded by a fight with the Fed.”
Watch above via Fox News.