Post
Topic
Board Economics
Merits 5 from 1 user
Re: Trump and the pressing rate cut
by
Don Pedro Dinero
on 15/08/2025, 13:47:08 UTC
⭐ Merited by pooya87 (5)
Let me first put the question to you: Is Trump right to pressure Jerome Powell to cut the Federal Funds Rate?

No, but he obviously doesn't care what we think. Besides, it's all a joke. A federal reserve that is supposedly independent but clearly has political ties. Besides that it is the main cause of the general population becoming poorer, because in crises like 2008 or 2020 it started printing as if there was no tomorrow which enriched people who had financial assets while those who depend only on their work to live became poorer by the devaluation of the currency.

It will not hurt to remember the message of the genesis block:
Quote
The Times 03/Jan/2009 Chancellor on brink of second bailout for banks

So the best we can do is to keep stacking sats so we can be less dependent on what a central bank does or what Trump thinks.