The Federal Reserve will likely keep its key short-term interest rate unchanged on Wednesday, despite weeks of harsh criticism and demands from President Donald Trump that the Fed reduce borrowing costs.
After causing a sharp drop in financial markets two weeks ago by saying he could fire Fed Chair Jerome Powell, Trump subsequently backed off and said he had no intention of doing so. Still, he and Treasury Secretary Scott Bessent have said the Fed should cut rates.
They argue that inflation has steadily cooled and high borrowing costs are no longer needed to restrain price increases. The Fed sharply ramped up its short-term rate in 2022 and 2023 as pandemic-era inflation spiked.
Does Trump want inflation or something?
Slash rates, increase COGS, decrease supply!
Any of those policies alone mean inflation. All of them together is disaster.
There’s a reason central banks don’t cut rates when times are good. Though one would argue times are not good at the moment…
Trump is actively working in the interest of our geopolitical foes. He was installed to harm the United States.
I mean, yes, but he was also installed by our class foes. A lot of the wealthy in the US support what he is doing because they want to rule over the scraps that are left and they can jetset around the world in ways we cannot. They became “international wealthy” two decades ago and they no longer have allegiance to any specific country.
So it’s our internal “foes” as well, the obscenely wealthy.
No argument. Our enemies are internal and external.
He can blame them in the short term, until he finds the next thing to blame for his actions.