I asked this the other day after I read that Powell is considering lowering rates. Going to be 2008 all over again.
I asked this the other day after I read that Powell is considering lowering rates. Going to be 2008 all over again.
He's going to have no choice, since Trump is a fucking idiot.
No choice unless he wants his house raided.
Trump has purchased over $100 million in bonds since January. If interest rates drop, he profits. The economy is so close to recession right now, Powell/the Fed will be forced to lower rates & Trump will get richer. He's a traitor, a convicted fraudster & worse, but he's not a complete idiot.
Nah...really? 🤦🤦 Fuck you MAGAs. This used to be your money.
The stockmarkets went a lot up after Powells speech. Do the never consider why a rate cut might come? The economy is collapsing. Only thing coming up is the inflation..