The Federal Reserve held interest rates steady on Wednesday for the third time this year, ignoring calls from President Donald Trump to slash rates by as much as one full percentage point in order to further boost the economy.
China is adding great stimulus to its economy while at the same time keeping interest rates low. Our Federal Reserve has incessantly lifted interest rates, even though inflation is very low, and instituted a very big dose of quantitative tightening. We have the potential to go...The last time the Fed cut its benchmark lending rate by one point was in December 2008, when the nation was in the grip of a financial crisis. Today, with GDP at 3.
In December, the Fed raised rates for the fourth time in a year and said it would recommend two rate hikes this year. Markets plunged and Trump blamed Powell for the sell-off, a rebuke that roiled markets and even promptedAt its March meeting the Fed sharply changed course,The major stock market indexes are currently up by around 22 percent since their December lows.
Trump wanting the Fed to force us even further into the Red. Trump has to go and a fair Tax system has to be put in place to reduce debt so we can rebuild our infrastructure.
That sounds good but in reality to slash rates now on top off last years tax cuts will put us and our economy in dire straits, who's going to pay for all of this when the bill comes due,this administration or the next?
Trump only cares about his rating and Americans paying over $80M for his cheating at golf.
Finance 101: When the economy is doing well you don't slash interest rates, you promote savings. (Unless your business or some millionaire buddies need to suddenly borrow lots of money.)
All trump cares about is getting reelected and he will do or say anything to accomplish that.
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Trump has no control on the Fed! Should keep his grubby little hands to himself
He hasn't figured out yet that Federal Reserve functions independently of WH, POTUS and Congress.
I wonder what Judge Napolitano thinks about all this?
Trumps effort to wag the dog on the Economy. Another sign he is rigging the election in his favor. If he really thought he had a chance he wouldn't be interfering in our economy to help him. Too bad because.... Joe Biden 2020....
Trump can't even spell finance! He wants it cut to profit his thug buddies and his crime family businesses.!
You don't 'slash interest rates' just so you may get a short term boost going into 2020 you asshat idiot president...Fed is not your political play toy. Stop your stupid trade wars and taxes on the middle class via tariffs that are putting farmers out of biz and raising prices
Trump’s desire to cut by 1% is clear evidence that he doesn’t k is what the fuck he’s doing.
I cant believe people thought that the Fed would be considering a cut, but apparently from the reaction of the market they did.
Bravo
They artificially propped up Obama's economy with zero % interest rates. Imagine if Trump had that help...
Good move.
Because unlike Trump they are not idiots
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