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

I mean, if it’s good for the economy (per Trump) why doesn’t he just do it?

And how low can the Feds lower the interest rates? Is 1% a good thing?

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SW-User

Because it provides only a short term boost to the economy and if you lower rates now then you will have less leeway to lower them in the future if the economy slides into serious recession. It’s the fiduciary responsibility of the fed chair to act in the long-term interest of the economy and not simply goose the short term numbers to give a sitting president a better chance of being re-elected.

Also, Trump most definitively does NOT know what is best for the economy, and if he did he would only do it if it benefitted him personally. Stop assuming that money and power are always earned through competence.

SimplyTracie · 26-30, F

@SW-User Being that he majored in Economics from a fine university, he should have a clue. Yes?

I now have a better understanding about the interest rates and the Federal reserve. 😊