Trump, who appointed Jerome Powell as Fed chair, has called for lower interest rates and said the president should get a say on the Fed's rate decisions.
Keeping interest rates high doesn’t even (usually) do that. The opposite, in fact. What The Fed is signaling to markets is that they expect Trump’s trade policies to be inflationary. Because they will.
This is one of the things Trump doesn’t understand.
Trump will force them to lower rates by firing half the government. Those employment numbers will be crazy (if the DOL has enough people left to compile them).
Keeping interest rates high doesn’t even (usually) do that. The opposite, in fact. What The Fed is signaling to markets is that they expect Trump’s trade policies to be inflationary. Because they will.
This is one of the things Trump doesn’t understand.
Man I thought he intentionally did the low rates in his last go round not caring about interest rates but its scarier that he does not even get it.
Trump will force them to lower rates by firing half the government. Those employment numbers will be crazy (if the DOL has enough people left to compile them).
True though it’s much easier to keep a list of things he does. The things he understands can fit on 1/128th of a postage stamp with room to spare