Trump Threatens to Halt Some Trade Unless the Fed Cuts Rates
Trump threatened on Friday to halt a broad swath of U.S. trade unless the Federal Reserve slashed interest rates, issuing a series of sweeping ultimatums that could prove costly to the economy if he were to carry it out.
The new Fed Chair is low IQ as well? He sure knows how to pick them. And pick "them" he did.
I don't see how this move could have an impact on improving affordability.
Contrary to the president’s calls for cuts, some Fed policymakers have signaled they are considering whether to raise rates, perhaps as soon as this month, after failing for more than five years to bring inflation down to the central bank’s 2 percent target.
But Trump insisted on Friday that the U.S. economy was “STRONG” and, as a result, could afford to reduce rates immediately. Such a move could actually worsen inflation, but Trump did not acknowledge the risk as he signaled he could interrupt global trade.
“LOWER THE RATE OR I’LL STOP TRADING WITH COUNTRIES WITH WHICH WE HAVE A DEFICIT, which the U.S. Supreme Court, in its ridiculous and very costly Tariff decision, strongly acknowledged ‘the President’ has an absolute right to do,” Trump said.
And another misinterpretation of the Court opinion.
The new Fed Chair is low IQ as well? He sure knows how to pick them. And pick "them" he did.
I don't see how this move could have an impact on improving affordability.
Contrary to the president’s calls for cuts, some Fed policymakers have signaled they are considering whether to raise rates, perhaps as soon as this month, after failing for more than five years to bring inflation down to the central bank’s 2 percent target.
But Trump insisted on Friday that the U.S. economy was “STRONG” and, as a result, could afford to reduce rates immediately. Such a move could actually worsen inflation, but Trump did not acknowledge the risk as he signaled he could interrupt global trade.
“LOWER THE RATE OR I’LL STOP TRADING WITH COUNTRIES WITH WHICH WE HAVE A DEFICIT, which the U.S. Supreme Court, in its ridiculous and very costly Tariff decision, strongly acknowledged ‘the President’ has an absolute right to do,” Trump said.
And another misinterpretation of the Court opinion.
