- Thread starter
- #81
They incrementally lowered it just like they are doing now, not all at once as Trump demands. Obama had nothing to do with it. The Fed is supposed to be independent not acting for the president.All big companies benefit.Interesting....as we watch Trump berate and publically insult Powell.
Trump’s company could save millions if interest rates fall like he wants
The Post notes that just a quarter-point reduction, which many investors now predict will occur in mid-September, could save Trump as much as $275,000 annually on just his Doral loan.
Bloomberg News reported that every quarter-point reduction could save Trump $850,000 annually, which would create more than $3 million in annual savings if the Fed dropped rates a full percentage point as Trump has demanded.
The Fed cut short-term rates by a quarter of a percentage point in July, the first such action in more than a decade.
Quantitative Easing kept America out of recession throughout the Obama years.
The economy is booming. That is what you all are saying. Even in the Great Recession they didn’t drop interest rates by that much.
Even in the Great Recession they didn’t drop interest rates by that much.
What are you talking about?
Obama had the Fed Funds rate at 0-0.25% for his first 7 years.