UPDATE: Trump says he’s ‘highly unlikely’ to fire Fed’s Powell after floating idea in private

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13 thoughts on “UPDATE: Trump says he’s ‘highly unlikely’ to fire Fed’s Powell after floating idea in private

  1. The Fed being independent is one of the very few aspects of government that actually works. Trump couldn’t give a 2 minute elevator pitch on macroeconomics if his life depended on it.
    Maggot voters, give yourself a (slow) clap

    1. Lmfao Brian, learn how Fed interest rates and the economy are linked, because it’s not the way you think it is. Dropping rates now would lead to significantly higher inflation (which is what Trump wants, he’s just trying to do it in a way where he can pin the blame on someone else).

  2. The uber-wealthy in charge of the Republican Party are mad that the economy isn’t crashing fast enough. They want their money and to buy up assets for pennies on the dollar, and they want to do it now.

    1. Yes – the country with the lowest inflationary numbers and some of the lowest employment should punish one of the few people who are responsible from us going into a black tailspin of a recession

      I love the social media society where people watch a 20 second clip on ChinaTok and now have a full grasp of microeconomics and how our society functions

  3. He knows that firing Powell would tank the dollar and drive foreign banks away from buying US debt, which is necessary to fund his Big Beautiful Bill.

  4. I’m a middle class retired guy. I’m afraid to invest in the market. In my opinion, if the rates goes down so do my earnings.
    Worse than that, it will be a tactic for sales people to push big purchases to those who will panic to buy big tickets that they won’t be able to pay for later.
    Credit card companies are already enticing buyers to stretch 100$ purchases at no interest. If they miss a payment, BOOM! Retro interest. There’s more but I won’t bore you.

    1. You really are missing out. Regardless of who’s been president for the past 20 years, my retirement funds have gained multiples of bond or CD interest. Yes, there have been a few down years mixed in, but overall it’s exactly as Warren Buffett preaches:

      As long as 47 doesn’t screw things up any more than he already has, the US economy and markets are the strongest and safest investments in the world.

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