Posted on 01/02/2024 8:19:13 PM PST by Macho MAGA Man
Trump Predicts the Fed Will Lower Rates to Help Democrats
We also were keen to ask Trump if he thinks the Federal Reserve and Chairman Jerome Powell will cut interest rates specifically to help Joe Biden (or another Democrat) win the general election. The former President said he does think that is how things will play out.
"Yeah, I think they will,” he said, before taking a light dig at Powell. “I was never a big fan of this guy,” Trump told us, before casually pointing the finger at his own Treasury Secretary. “Steve Mnuchin recommended him, but I was never a big fan.”
Trump, who is prone to interrupting his own answers to share wildly entertaining personal anecdotes, then reminded us of some of Powell’s more dramatic maneuvers during Trump’s administration. “I was jawboning him big league that at one point he dropped the rate by like one point—do you remember that?” BBD Fact Check, again, is pretty much true here. In 2020, Powell did drop rates a historic 100 basis points. Even before then, the media would complain that Trump seemed to have an ability to alter Powell’s actions by, as Trump would say, “jawboning.” “Federal Reserve Caves to Trump, Dumps Lighter Fluid on U.S. Economy,” read one Vanity Fair headline in 2019. “The president’s psychotic tantrums finally break the Fed—just in time for 2020,” according to the establishment media whiners.
Back to the crux of the matter: “[Powell] will, in my opinion, do something that will lower the rates and maybe keep things going,” Trump told us.
If Powell did this, would it amount to election interference? Obviously, it would, and Trump acknowledged that in the interview.
(Excerpt) Read more at breitbart.com ...
That’s ok with me short term as i have a house to sell.
That doesn’t take much brain processing to guess. Interest rates have greatly slowed the economy - and is beginning to slow even recently mega-hot housing markets. It’s time to at least ease up a little - but it really would be no surprise at all to see an unmerited drop with convenient timing to stimulate the economy (basically a big new “Quantitative Easing”. It would stimulate the already over-hyped stock market - AND pump printed cash into the banks for lending.
If I were DJT I would ORDER the Fed to lower interest rates in order to help the Cadaver.. Then, when they do, he can say: “Thanks for paying attention”.
Lower interest rates = higher inflation.
Higher “misery index” = Dimocrap doom.
BRING IT ON!
> If I were DJT I would ORDER the Fed to lower interest rates in order to help the Cadaver.. Then, when they do, he can say: “Thanks for paying attention”
So funny!
Inflation is now baked in. Interest rates don’t really matter anymore. Might as well lower them. The feds have no more weapons. We are in free fall.
The trend will be down ahead of the election Erdogan did it ahead of Turkey’s election last year then he raised it after he won the election.
FED has been signaling cuts in 2024 since last fall.
They ‘see’ inflation falling — uh, not rising as fast at it was — so they hope the worst is over.
IIRC, Trump did oppose FED rate cuts during his term in office.
Like forecasting there will likely be sunshine somewhere tomorrow morning.
Think the Leftist Democrats will beat Trump anyway as if he was doing so well he would be 50 points ahead not 2 points..Too many sorry asses Americans will vote against themselves.
I agree. What oil production increase and gas prices drop, too.
It’s not going to matter much if the conflict between China and Taiwan goes kinetic, or if Middle East tensions escalate significantly. My expectation is that China and Iran will want to take advantage of Joe Biden’s final year in office to advance their own interests. Arguably they could decide to back off a bit in order to help him get re-elected, but I don’t get the sense that that’s how they view it. We’ll see.
Trump already coming up with excuses why he isn’t going to win - but thats OK, he will just be able to blame somebody else for anything that goes wrong....as usual.
And the only-Trumpers will spend the next 4 years whining about how he was cheated out of the election - despite the self-inflicted bullet holes in Trump’s feet.
The problem is that historically, rate cuts have led to substantial drops in the stock market.
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