Donald Trump President Donald Trump trashed the Federal Reserve on Thursday for raising interest rates — moves that he said could damage America’s ongoing economic recovery from the Great Recession. “I’m not thrilled. Because we go up and every time you go up, they want to raise rates again. I don’t really — I am not happy about it. But at the same time, I’m letting them do what they feel is best,” Trump told CNBC in a rare rebuke of the Fed by a sitting president.
via Trump gripes about Fed in rare rebuke by sitting president
But more importantly, and as some expected, Trump appears to have folded, saying that he misspoke yesterday and that his past comment on US intel needs clarification, he said that he now "accepts the intelligence conclusion that Russia meddled in the 2016 election" but he denied that his campaign had colluded in the effort. "Let me be totally clear in saying that — and I've said this many times, I accept our intelligence community's conclusion that Russia's meddling in the 2016 election took place. Could be other people also." As for the "clarification", Trump said the following: "I actually went out and reviewed a clip of an answer that I gave and I realize that there is need for some clarification. It should have been obvious, I thought it would be obvious, but I would like to clarify just in case it wasn't,” Trump said. “In a key sentence in my remarks I said the word would instead of wouldn't. The sentence should have been, ‘I don't see any reason why I wouldn't’ or ‘why it wouldn't be Russia.’”
via Trump Reverses: "I Accept Intelligence Conclusion That Russia Meddled In 2016" | Zero Hedge