Replies

To: Macho MAGA Man

As soon as he became Chair, Trump wanted him to lower interest rates. Because when you lower interest rates, it stimulates the economy, and Trump was President. He wanted to stimulate the economy, but he wouldn’t do it.

This was one of the few idiotic things about Trump's presidency, and I lay it all at the feet of Trump advisor (and failed Federal Reserve nominee) Stephen Moore -- who was making an outlandish push for cutting interest rates in 2018-19 when interest rates were already at historic lows and the U.S. unemployment rate was effectively at 0%.

17 posted on 04/10/2024 6:29:43 PM PDT by Alberta's Child (If something in government doesn’t make sense, you can be sure it makes dollars.)

To: Alberta's Child

But Powell did ratchet rates up in the opposite direction to try to ruin Trump.

32 posted on 04/10/2024 7:27:32 PM PDT by 9YearLurker

To: Alberta's Child

He wanted to stimulate the economy, but he wouldn’t do it.

Can somebody translate that into intelligible English?

36 posted on 04/10/2024 8:03:51 PM PDT by ding_dong_daddy_from_dumas (Re-imagine the media!)

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794