Trump demands the Fed cut rates. The Fed cuts rates. Trump responds...

[brooklynite]

Link to tweet

[montanacowboy]

1. Does Jay Powell

need this job so much he is willing to be fucked over every day by this fool? what is wrong with this man? Tell him "bite me" and walk out. Jesus don't you have any sense of dignity?

[brooklynite]

2. And let Trump appoint someone worse?

[Yavin4]

3. Your question could be posed to a number of people in Trump's admin/orbit

For a lot of them, they've worked their entire lives for their current opportunity, and they don't want to give it up. They may never get this opportunity ever again. Some may think that if they don't stay someone completely incompetent (e.g. Stephen Moore) would replace them.

[scheming daemons]

8. No, I prefer Powell there to what Trump would replace him with

Undoubtedly, whoever Trump chose would be worse than Powell.


He appointed Powell back when he wasn't as drunk with power as he is now - Powell is a stable choice.


He's liable to put somebody like Kudlow or Laffer there if Powell goes.


Powell should ride it out until after Trump is gone.

[spanone]

4. hold your breath don. long as you can

then hold it longer

[CatMor]

5. That coming from the most inept person ever ...

in the White House (I can never call him president).

[machoneman]

6. I guess in Republiscum circles having even a short time in the WH is a sure-fire....

way to gain new employment later with donors, think tanks, etc.

But, with so, so many rejects it's hard to believe all of them can gain employment when we take over. To wit, many a lobby organization and law firm really get hurt when the other party's in power, with layoffs and more. In fact, given how Republican donors of late have their hand on their pockets, I think due to the Trump effect, many a winger professional will be hard pressed to work ever again in D.C.

[Wellstone ruled]

7. When in hell are the people going to wake the hell up.

Every time there is a rate cut,all State,City,and Federal Pension Funds take a major hit. These Funds are usually mandated that they carry only Interest Bering bonds or Treasury Bills.

Trump could give a crap less,all this does is lower his Prime Plus Repayment Covenants on his over leveraged Real Estate Ponzi Scheme.

If your job is in doubt,don't think your going to the Bank to borrow money for a Car or a house. And Corporations will use the cheaper rate to refinance their long term debt,they are not going to spend on plant and Equipment.