How? Inflation is rising. How do you cut rates into this? We are going to be Zimbabwe by Christmas at this rate
How? Inflation is rising. How do you cut rates into this? We are going to be Zimbabwe by Christmas at this rate
you can't and per bloomberg on TV a few mins ago - lack of immigration etc is permanently shifting job creation lower.
And they haven’t even completely destroyed the wind and solar industry in the U.S. yet. So there’s more coming.
You’re right, but 19k and 14k (the revised numbers) are terrible even considering the massive reduction in immigration. Not good!
This is why he hates Powell, cuz he wants to "print money."
He sure does, but he and his idiotic economic team have created the conditions for inflation over 3%, and if the Fed cuts rates, we’re off to the races in terms of price increases. Which will hurt all of us, including Trump, but he’ll blame Powell, the Canadiens, fake news, and whatever else.
I think you are overstating the effect of a 25 bp cut.
Then why do it at all?