Powell defies Trump

[Astrostar]

https://finance.yahoo.com/news/fed-hold-rates-steady-despite-100539821.html?fr=sycsrp_catchall

The Federal Reserve, in a direct slap to Trump's face, decides to hold interest rates steady. They are well aware that Trump's beloved tariffs will lead to inflationary price increases, that we are already seeing. Besides, they know full well that Trump does not have a clue who actually pays the price of tariffs; it's the American consumer, not the country exporting the goods we buy. So he taxes us out of sheer financial ignorance.

Any bets as to when Trump tries to fire Powell; I bet it's within a day or two.

Bigly!!!

 

[pknopp]

I hope he didnt simply do it to smack down Trump. Rates shouldn't be dropping.

 

[jbrownson0831]

https://finance.yahoo.com/news/fed-hold-rates-steady-despite-100539821.html?fr=sycsrp_catchall

The Federal Reserve, in a direct slap to Trump's face, decides to hold interest rates steady. They are well aware that Trump's beloved tariffs will lead to inflationary price increases, that we are already seeing. Besides, they know full well that Trump does not have a clue who actually pays the price of tariffs; it's the American consumer, not the country exporting the goods we buy. So he taxes us out of sheer financial ignorance.

Any bets as to when Trump tries to fire Powell; I bet it's within a day or two.

Bigly!!!

Too bad the Fed seems to hate America just as you do Asss-tro.
American consumers, who buy American, pay no price of tariffs, clueless.

 

[1srelluc]

OP, did you also enjoy the 200 pt+ drop in the market in less than one hour on the news?

I thought you were worried about folk's 401K and shit.

 

[g5000]

https://finance.yahoo.com/news/fed-hold-rates-steady-despite-100539821.html?fr=sycsrp_catchall

The Federal Reserve, in a direct slap to Trump's face, decides to hold interest rates steady. They are well aware that Trump's beloved tariffs will lead to inflationary price increases, that we are already seeing. Besides, they know full well that Trump does not have a clue who actually pays the price of tariffs; it's the American consumer, not the country exporting the goods we buy. So he taxes us out of sheer financial ignorance.

Any bets as to when Trump tries to fire Powell; I bet it's within a day or two.

Bigly!!!

This just in: To shore up his defenses against a premature dismissal, Fed Chairman Jerome Powell has just named himself Employee of the Month. This award comes with a smoking jacket, cover overrun insurance, and a golden parachute.

.

 

[Votto]

I hope he didnt simply do it to smack down Trump. Rates shouldn't be dropping.

Resist at all costs

That is the Left.

If they have their way, the impeachment circus will come to town if the DNC wins the midterms, unless they shoot Trump again first.

 

[pknopp]

Resist at all costs

That is the Left.

If they have their way, the impeachment circus will come to town if the DNC wins the midterms, unless they shoot Trump again first.

Econ 101. Now isn't the time to lower rates.

 

[Lisa558]

OP, did you also enjoy the 200 pt+ drop in the market in less than one hour on the news?

I thought you were worried about folk's 401K and shit.

He’s willing to sacrifice elderly people’s retirement funds if it means he can give Trump a smack.

 

[g5000]

Resist at all costs

That is the Left.

.

 

[MarathonMike]

https://finance.yahoo.com/news/fed-hold-rates-steady-despite-100539821.html?fr=sycsrp_catchall

The Federal Reserve, in a direct slap to Trump's face, decides to hold interest rates steady. They are well aware that Trump's beloved tariffs will lead to inflationary price increases, that we are already seeing. Besides, they know full well that Trump does not have a clue who actually pays the price of tariffs; it's the American consumer, not the country exporting the goods we buy. So he taxes us out of sheer financial ignorance.

Any bets as to when Trump tries to fire Powell; I bet it's within a day or two.

Bigly!!!

Powell cut rates by a FULL POINT last Fall trying to help the Democrats beat Trump. He is an obvious partisan HACK who approved $2.5 billion for the building of Taj Majal 2.0 for the Federal Reserve. Kind of like the palaces that corrupt Middle Eastern leaders build for themselves.

 

[1srelluc]

He’s willing to sacrifice elderly people’s retirement funds if it means he can give Trump a smack.

Looks like it bottomed out at a 300 point drop.

**** the Fed.

 

[Blaster]

https://finance.yahoo.com/news/fed-hold-rates-steady-despite-100539821.html?fr=sycsrp_catchall

The Federal Reserve, in a direct slap to Trump's face, decides to hold interest rates steady. They are well aware that Trump's beloved tariffs will lead to inflationary price increases, that we are already seeing. Besides, they know full well that Trump does not have a clue who actually pays the price of tariffs; it's the American consumer, not the country exporting the goods we buy. So he taxes us out of sheer financial ignorance.

Any bets as to when Trump tries to fire Powell; I bet it's within a day or two.

Bigly!!!

Trump won't fire Powell.

 

[Lisa558]

Looks like it bottomed out at a 300 point drop.

**** the Fed.

Powell is just another Democrat willing to harm America if it means he can give Trump a smack.

 

[Lisa558]

Trump won't fire Powell.

He’ll be gone by May. That’s time for a new Chairman to allow the economy to recover instead of keeping his foot on the brake. Just in time for the mid-term elections.

 

[Blaster]

Powell is just another Democrat willing to harm America if it means he can give Trump a smack.

I don't worry about the stock market.

 

[Jroc]

Econ 101. Now isn't the time to lower rates

Econ 101 says what again?

 

[buckeye]

Econ 101. Now isn't the time to lower rates.

Why?

 

[pknopp]

Econ 101 says what again?

You don't lower rates with the inflation we still have.

 

[Jroc]

.

That's because in his first term he listen to too much advice from the establishment cronies he had had at the time.... Now he knows better

 

[Jroc]

You don't lower rates with the inflation we still have.

2.7% inflation is not that much the FED lowered it when it was higher than that under Biden