Posted on 06/18/2025 12:34:52 PM PDT by ChicagoConservative27
I agree with that. I am a CU member. I don't expect a whole lot. They have to pay to keep the lights on and pay the employees, etc. But at the end of the day I expect to break even on inflation and paying taxes on that income.
Trump doesn’t do the U.S. dollar any favors every time he opens his mouth, channels his inner Elizabeth “Pocahantas” Warren, and calls for an elimination of the federal debt ceiling.
Well, it was too high back then. Reagan brought it down. Was once closer to 18% in the 70s.
Times change. Comparison from a decade ago don’t apply. Inflation was high too. And unemployment.
Can’t compare that to today based on a number.
The Fed 2% target for inflation today makes no sense. Lower interest rates and it will go down.
Better?
“You also have the very real problem of a downgrade in U.S. government debt a few weeks ago.”
*********
And it could happen again. Fitch downgraded U.S. long-term credit rating from AAA to AA+ in August 2023, so its been nearly two years since that cut. And now our debt is bumping up against $37 trillion. So additional cuts are not beyond the realm of possibility.
Wouldn't it be nice if the Left finally started doing what might help America out??
Powell kept blathering about how they would have to see how much the tariffs raised inflation. What a crock. Can’t Trump fire him?
Believe it or not, the FED is not a government entity. It Is 100% a private institution. Somehow, the rich and powerful back in 1913 finagled a way to make a (permanent???) agreement that does nothing for America but makes themselves much more wealthy with every transaction.
There's nothing I would like more than if a vast number of Conservatives pooled resources together, and replaced the FED with a group that actually had America's best interests as their priority. Surely 70m of us can show greater holdings than a handful of billionaires.
“Fannie, Freddie oversight chief to Powell: Cut rates or resign”
https://thehill.com/business/5357483-fannie-freddie-chief-to-powell-cut-rates-or-resign/amp/
“The head of the federal agency responsible for overseeing Fannie Mae and Freddie Mac called Wednesday for Federal Reserve Chair Jerome Powell to resign if the central bank did not cut rates that day.
In a Wednesday post on social media, Federal Housing Finance Agency (FHFA) Director William Pulte accused Powell of refusing to do his job by not cutting interest rates at President Trump’s request.
Both the Fed and FHFA are independent federal agencies charged with overseeing critically important parts of the U.S. financial system. Congress designed those agencies to be immune from the political pressures exhibited by both Trump and Pulte.
“Because President Trump has crushed inflation, Fed Chairman Jerome Powell needs to lower interest rates today, and if not Chairman Powell needs to resign, immediately. Fannie Mae and Freddie Mac can help so many more Americans if Chair Powell will just do his job and lower rates,” Pulte wrote on social platform X, just half an hour before the Fed was expected to announce it would keep rates unchanged.”
$4.2 trillion out of $36.2 trillion. You'd lose that bet.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.