I have a legitimate question this evening. Why doesn’t public enemy #1 want to lower interest rates?

@KiwiBird Or try to mitigate a recession.

@SimplyTracie The Reserve Bank in Australia dropped official rates 0.25 twice in June and July and now sits at 1%. There is talk of further drops.

@KiwiBird But the US economy is doing much better than Australia's right now.

@KiwiBird And that’s good?

@KiwiBird The economy in Australia and the monetary controls enacted by the Australian Central bank have nothing to do with what goes on in the US. Right now, the US economy is much stronger than that of the other industrialized countries.

@quitwhendone Can we do even better with a lower interest rate? I mean, people will buy new homes and new cars.

@SimplyTracie Well, there is always a downside. As more money is released into the economy, prices go up. Higher prices erode consumer purchasing power. The Fed's job, in part, is to keep growth in check. Growth that is too rapid will send prices up. It's a delicate balance. I don't know all the details and nuances of it. There are people with PhDs in economics that will differ on how to best leverage monetary policy.

I think the bottom line is this: RIght now, the US economy is still doing well. There is no need to adjust rates either lower or higher. Not just yet. Presidents usually want more liquidity because faster, stronger economic growth usually makes a president look good. Presidents will always take credit for economic gains. They'll blame inflation on someone else.

You are too young to have even experienced significant inflation n the US economy. It hasn't been a problem recently but in past decades it was a huge issue. I don't think inflation has been a big problem since the 1980s. Ronald Regan had fights with his Fed Chairman just like Trump.

@quitwhendone Okay. Just leave it be.