Quote from: Fortify on July 01, 2025, 09:42:51 PM

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Tariffs, which are actually a tax on every American citizen

Stop repeating this bullshit about tariffs. If they are so bad, why don't other countries lower their tariffs on American products to 0%? If democrats increased tariffs you would see most of media spinning it as the best economic policy in the last 20 years, and you would repeat their bullshit as a well behaving NPC.

Quote from: Odohu on Today at 11:26:15 AM

Quote from: DeathAngel on April 19, 2025, 02:39:53 PM

Seems Powell is having an alpha male competition with Trump. He doesn’t think rates need lowering, Trump does. We will see who blinks first but I read Trump is exploring possibilities to relieve Powell from his duties. Historically the FED always seems to act too late. I think Powell should cut rates, it will make life cheaper for Americans.

I find it very strange that Powell would nurture the thought of opposing Trump when Trump can easily replace him. The job of the Fed is supposed to be in line with the government of the day so why will the Fed refuse to lower rates when the government wants the rates lowerred? I know that Trump will not allow Powell thwart his economic policies so Powell's days may be numbered.

The only thing keeping Powell in his position is the economic incentives. He's not gonna get his job back in 2026, so he is leaving one way or another. However, he can cause republicans harm with his behavior which is exactly what is going on. I love how random people comment on these matters as economic experts, when most of the information that they have ingested about this are partisan lies. Cheesy