Powell defies Trump

[pknopp]

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

And that was a huge mistake and I condemned it.

 

[Votto]

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

All I heard when Trump was doing the tariff thing is how terrible it would be for the econmy, now those people are having to eat their words

Conversely, the Fed said inflation was transitory, something that turned out to be a lie.

Considering the two and their track records, I would go with Trump over the Fed any day of the week.

The Swamp has no idea what they are doing, or if they do, they are trying to destroy the nation.

 

[pknopp]

All I heard when Trump was doing the tariff thing is how terrible it would be for the econmy, now those people are having to eat their words

He has had very few things he followed through on.

Conversely, the Fed said inflation was transitory, something that turned out to be a lie.

Was it the Fed or Biden?

Considering the two and their track records, I would go with Trump over the Fed any day of the week.

The Swamp has no idea what they are doing, or if they do, they are trying to destroy the nation.

Last time Trump wanted negative rates. An absolutely horrible idea.

 

[g5000]

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

Trump knows better.

 

[g5000]

All I heard when Trump was doing the tariff thing is how terrible it would be for the econmy, now those people are having to eat their words

After Trump 1.0's far left protectionism, we ended up with a record trade deficit with China, and LOST manufacturing jobs.

As I have said before, the one and only true test of Protectionism 2 will be our trade balances at the end of this idiot's final term in office.

.

Conversely, the Fed said inflation was transitory, something that turned out to be a lie.

So you understand why they are more cautious now, right?

Right?

.

Considering the two and their track records, I would go with Trump over the Fed any day of the week.

Of course you do. Trump knows more about everything than anybody else.

.

The Swamp has no idea what they are doing, or if they do, they are trying to destroy the nation.

Trump IS the Swamp. He deepened it and widened it his first go-round, and now he is dregging whole new depths.

.

 

[Marener]

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

The dude is trying to prevent a rebound of inflation. So is the rest of the board.

Trump is a child who doesn’t understand that he doesn’t always get what he wants.

 

[tshrimp]

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!!!

I admit, I am not a tariff guy, but hard to argue the results so far.

 

[Lisa558]

The dude is trying to prevent a rebound of inflation. So is the rest of the board.

Trump is a child who doesn’t understand that he doesn’t always get what he wants.

Dropping it 25 basis points when inflation is in the 2.5% range would not cause a rebound of inflation.

 

[Marener]

Dropping it 25 basis points when inflation is in the 2.5% range would not cause a rebound of inflation.

It wouldn’t cause much of anything. But inflation is expected to continue to rise based on current government policy and so adding fuel to the fire would be foolish.

Powell is behaving rationally.

 

[Votto]

Dropping it 25 basis points when inflation is in the 2.5% range would not cause a rebound of inflation.

All I remember is these same people with TDS bashing Trump telling us how great the economy was under Biden with inflation up 99.99999%.

Funny that.

 

[The Sage of Main Street]

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.

Let the Buyer Beware

Consumers don't automatically pay tariff-tax on foreign goods, either. What kind of thinking insists that they automatically do? They worship the plutocratic parasites so much that they think it would be a sacrilege if their precious idols had to take the tariffs out of their own profits.

 

[Marener]

Let the Buyer Beware

Consumers don't automatically pay tariff-tax on foreign goods, either. What kind of thinking insists that they automatically do? They worship the plutocratic parasites so much that they think it would be a sacrilege if their precious idols had to take the tariffs out of their own profits.

Experience and data tell us.

In fact, prices often increase more than the cost of tariffs.

 

[MarathonMike]

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

Like I said, Powell is an obvious Democrat partisan hack. He won't resign he doesn't have enough integrity for that.

 

[pknopp]

All I remember is these same people with TDS bashing Trump telling us how great the economy was under Biden with inflation up 99.99999%.

Funny that.

Odd, I never said that.

 

[pknopp]

Like I said, Powell is an obvious Democrat partisan hack. He won't resign he doesn't have enough integrity for that.

Trump appointed him.

 

[Jroc]

Like I said, Powell is an obvious Democrat partisan hack. He won't resign he doesn't have enough integrity for that.

He'll be gone soon

 

[Lisa558]

He'll be gone soon

The timing will be great. The anti-American Democrat’s term is up in May. That will give Trump time to appoint someone who is more concerned with what is good for American rwther than giving Trump a “zetz,” and there can be two - maybe even three - cuts as we head into the midterm elections with an economy roaring back.

 

[pknopp]

The timing will be great. The anti-American Democrat’s term is up in May. That will give Trump time to appoint someone who is more concerned with what is good for American rwther than giving Trump a “zetz,” and there can be two - maybe even three - cuts as we head into the midterm elections with an economy roaringlocally.

Trump appointed him.

 

[JoeB131]

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

No, he's trying to prevent more inflation that will come from Trump's tariffs.

That's the real danger to old folk's retirement funds.

 

[JoeB131]

The timing will be great. The anti-American Democrat’s term is up in May. That will give Trump time to appoint someone who is more concerned with what is good for American rwther than giving Trump a “zetz,” and there can be two - maybe even three - cuts as we head into the midterm elections with an economy roaring back.

By the time May rolls around, the economy will be in full blown recession, and there will probably be rate cuts anyway.