Do you agree with Trump's pressure on Jerome Powell to lower interest rates?
You can't disagree that the Fed under Jerome Powell has navigated an economy that was in afflux post Covid to where it is now. Just because Trump wants to benefit from low interest rates doesn't mean it should be.
Replies to: Do you agree with Trump's pressure on Jerome Powell to lower interest rates?
No. Trump's actions alone turned a strong economy & markets to shit. He's angry Powell didn't lie
and say things were just peachy.
Yes, but only to allow refinancing of the national debt into longer term structures.
I'm not a finance guy, so I will defer to others who are, but we are in trouble with our debt, and I have read that we should restructure it into long term, lower interest debt instruments, and only then raise rates to manage the dollar and the economy.
I would invite anyone with a finance background to comment on whether this makes any sense at all.
Obviously I'm trying to give you a non-partisan, genuine answer. We'll see if this just devolves into insults.
My concern is this is not the reason why Trump wants to interest rates low
(no message)
Fair enough.
(no message)
Pressure is fine. If he tries to get rid of him, that’s different.
Powell - whom Trump appointed - will be leaving his post in 2026.
I think we all look forward to chairman Rand Paul or Dr Phil. Or some UFC guy.
Most Rs caved to the bully tyrant. Powell, who is doing a very good job, did not.
(no message)
I agree. I like Joe Rogan or Tucker Carlson to succeed him. Mango has a right to air his views
about Powell. Like all of his views they are foolish and unwise.