Fox Business host suggests the president doesn't need to understand what the Federal Reserve does
Maria Bartiromo: "Should the president know the specifics in terms of what the Fed mission is?"
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From the February 26 edition of Fox Business' Mornings with Maria Bartiromo:
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MARIA BARTIROMO (HOST): What about that? Should the president know the specifics in terms of what the Fed mission is?
STEPHEN AUTH (CIO, FEDERATED INVESTORS): Not necessarily. I think -- one of the things that makes me optimistic about the market, Maria, is that half the market doesn't believe in this president and they allow their political views to factor into their market views.
BARTIROMO: Yeah. Good point.
AUTH: And they think he's too much of a nincompoop to possibly do a deal with Chairman Xi over there in China.
BARTIROMO: Not only that but let's not forget that when he called the Fed "loco" and "crazy," everybody was like well, this is nuts, he doesn't know what he's talking about, and actually he was right.