frigidweirdo
Diamond Member
- Mar 7, 2014
- 54,772
- 14,940
- 2,180
Stephen Miran: Senate confirms Trump pick to Fed board ahead of key interest rate vote
His entry has raised concerns over the Fed's independence, following Trump's bid to reshape the central bank.
Trump is trying to change the Federal Reserve, so they do what he wants.
What he wants is to have an interest rate cut. Interest rate cuts will increase inflation.
Donald Trump's interest rates wish comes closer to reality
The U.S. Bureau of Labor Statistics has released the latest CPI inflation data for July 2025.
"Price increases have been modest relative to expectations, but slashing rates prematurely could accelerate inflation. The Fed is mandated to target a 2 percent rate of inflation and full employment."
Why Trump's Push To Lower Interest Rates Could Backfire
President Donald Trump's efforts to pressure the Federal Reserve into lowering its benchmark interest rate could lead to higher borrowing costs for homebuyers and the federal government, experts say.
Also, they could have the potential to increase interest rates in the future.
""If the market smells rising inflation, it's going to push long-term interest rates higher and not lower," said Jon Hilsenrath, senior advisor at financial services company StoneX."
