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Jerome Powell should provide the data and then ‘keep his mouth shut’

On Thursday morning, stocks slid following the Federal Reserve’s monetary policy decision and a press conference from Chairman Jerome Powell highlighting ongoing economic challenges.

The Federal Reserve says it expects real GDP to contract by 6.5% in 2020, with the unemployment rate reaching 9.3% by the end of the year.

Top White House advisor Peter Navarro, it’s safe to say, is not a fan of those projections or of Fed Chairman Jerome Powell’s approach. During a Yahoo Finance interview with Andy Serwer, Navarro discussed the Fed’s projectionsPowell has “probably the worst bedside manner of any Fed chairman in history.”

If he was going to market sushi, Navarro added, we “would market it as cold dead fish.” Navarro added.

Shortly after Navarro’s remarks, President Trump tweeted his own critique of the Federal Reserve.

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Elon Musk is a visionary that puts ‘money where his mouth is’: Neil DeGrasse Tyson

Astrophysicist Neil deGrasse Tyson says the expected launch of NASA astronauts via a SpaceX spacecraft represents private enterprise “as a major player in the movement of the frontier of space.”

“This is a step towards making access to space so inexpensive that everybody participates and it’s no longer the purview of governments,” Tyson told Yahoo Finance’s On The Move.

The private company SpaceX, founded by billionaire Elon Musk, is contracted by NASA to launch astronauts Bob Behnken and Doug Hurley to the International Space Station on its Crew Dragon spacecraft atop a Falcon 9 rocket.

“Launch America” would be the first astronaut spaceflight launched from U.S. soil since NASA retired its own shuttle program in 2011. Since then, the U.S. has been paying Russia more than $80 million per seat to shuttle astronauts to the ISS via the Soyuz spacecraft.

“What Space X is doing is attempting, and I

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48 Word Of Mouth Marketing Enterprise Suggestions

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Right after you have told everyone you … Read More