Federal officials held interest rates steady on Wednesday despite unyielding pressure from Trump to cut borrowing costs. But in a rare event, two of the Fed’s board members dissented from the decision.
Federal officials held interest rates steady on Wednesday despite unyielding pressure from Trump to cut borrowing costs. But in a rare event, two of the Fed’s board members dissented from the decision.
Christopher Waller and Michelle Bowman who, like Jerome Powell, are Trump appointees, disagreed….? Wow - what a shock, considering they are also vying to be Powell’s replacement next year.
Taco has not finished setting rates yet
Individualism will destroy this country from the inside-out.
Powell doesn’t cave. Need more like him.
Come on guy’s it won’t end even if 🍊🇷🇺🇰🇵🇭🇺🤡 gets what he wants
Good for the Fed. If borrowing costs are lowered, more individuals and corporations will leverage themselves even further than they already are and we will have another crash, maybe bigger than 2007-09 as unemployment increases along with defaults.
So, two guys have thrown in their hats to replace Powell by showing their loyalty to Trump. What are the Vegas odds on one of these two being the next Fed Chairman?
"Two of the Fed's officials acted like cowards" ... there, fixed it.
Because they want to be considered for Powell's job when Trump fires him!
So...either a quid pro quo $$$ deal to purchase votes...or they ( or their family) were threatened if they did not dissent. Are we surprised??? We know that the TACO president will commit any crime to get his way...
How much did the sociopath pay them?
Check their bank accounts for funds from the 🍊🤡
Jerome Powell is sooooo much more intelligent than Donald Trump
So is burnt toast.
Fact
more grifters bought off - look for a money trail to them just like the corrupt #SCOTUS Thomas and Alito