Quote from: Fortify on Today at 04:24:25 PM

Quote from: EarnOnVictor on August 15, 2025, 01:10:23 PM

Let me first put the question to you: Is Trump right to pressure Jerome Powell to cut the Federal Funds Rate?

Trump! Trump!! Trump!!! This soul looks unspeakable, to be honest. Trump likes to control everything and likes everyone to bend the knee. If you prove too stubborn, you will either be sanctioned, tariffed or blackmailed. It's no news that Jerome Powell is now in the black book of Trump, simply because he refused to cut the interest rate. More pressure has been mounted in recent weeks, which includes verbal harassment, threats of replacement and blackmail. The recent blackmail is the lawsuit threatened regarding the Fed's building renovation fund, something Trump wouldn't have thought of if Powell had done his bidding. Mehnnn, Trump will always be Trump. Grin

Now, I took my time to check the US inflation figure to judge if this pressure is worth it, and honestly, it is not, at least arguably not, except that Trump always wants things done his way, regardless of whether or not it follows due process/economics. If at all, the uncertainty ignited by Trump's tariff war is a good reason to wait for the cut.

Again, from the U.S. Bureau of Labor Statistics, the US core inflation rate looks upward to me, which was rekindled in March 2025. Is this the right time to cut the rate?

One of the main problems that you overlook is that Trump is the root cause of inflation being pushed back up - his unfriendly stance to business and other countries has generated unnecessary extra costs, plus made it much harder for them to plan for the longer term and they are currently in bunker down mode which will stifle growth. He recently fired the head of the statistics agency, which is dictator like behavior, simply because he did not like the bad numbers he had caused and wanted someone that would fake new ones in future. Finally there are tariffs, which are simply a tax on American consumers and trade policy is meant to be decided by Congress yet he has short circuited the protections and democratic processes that have existed for centuries, it is very bad for the average American's future rights.

How stupidly wrong you are!