Posted on 09/18/2025 5:59:35 AM PDT by MtnClimber
Quite apart from the Fed’s rather dovish interest rate cuts — they’re signaling two more quarter point drops after today’s move — one of the things that struck me about today’s announcement is how much the central bank apparently opposes President Trump’s pro-growth economic policies.
Mr. Trump’s supply-side tax cuts and deregulation moves are going to boost economic growth while keeping prices low.
Already, second-quarter gross domestic product growth has come in at 3.3 percent and the Atlanta Fed’s GDPNow is projecting another 3.3 percent in the third quarter.
There’s a business and factory capital spending boom going on. And real take-home pay is rising.
Yet the Jay Powell Fed expects the economy to grow by only 1.6 percent this year, 1.8 percent next year, and 1.9 percent the year after.
While the central bank’s policymakers did raise their GDP projections slightly, their numbers basically say: We at the Fed don’t believe Trump policies.
The Fed’s inflation numbers go from 3 percent down to 2 percent over the next three years. And that’s okay.
But the gap between Mr. Trump’s economy, which he expects to grow by 3 percent to 4 percent, and the Fed’s view of less than 2 percent, is troublesome.
And it suggests that the central bank opposes the president’s policies.
This is not good.
(Excerpt) Read more at realclearpolitics.com ...
All the blue city Fed governors won’t lift a finger.
.
What beer brand are you buying? I pay $10.50 for a 12 pack of Busch.
“ What beer brand are you buying?”
Miller Lite is $14.85- $15.05 a twelve pack.
Lone River Ranch Water is $10.00 a 6 pack.
Dang, I may have to go back to vino….
When...WHEN are you fellas going to see that these people are ENTRENCHED in the Federal agencies????
I think Trump knows there are deep state operatives working against him. The problem is identifying them and then firing them.
When...WHEN are you fellas going to see that these people are ENTRENCHED in the Federal agencies????
The problem is that many think we won the war and it is over.
The reality is Trump is just the start of the war. It is going to take a generation to win.
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