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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump trying to bully the Fed to stop anticipated interest rate cuts before election because it would "boost Biden"
Carl Quintanilla @carlquintanilla.. Trump told the publication that cutting interest rates before the November election would boost the economy and President Joe Bidens odds of victory. Its something that they know they shouldnt be doing, Trump said ..
https://barrons.com/articles/trump-powell-federal-reserve-rate-cuts-september-125e8255

Ben Meiselas @meiselasb 24m
Trump threatening the Fed Chair in order to hurt Americans and help him. Trump threatened Republicans and stopped a bipartisan immigration deal to hurt Americans and help him. I see a pattern.
...all Trump and republicans do is obstruct American progress for their own personal or political benefit, time and time again.

FloridaBlues
(4,498 posts)Irish_Dem
(67,216 posts)We shall see.
Bengus81
(8,533 posts)We found out and my guess is Powell will do the exact same to keep his job. He said last Nov or so that cuts would be coming in early 2024.
Hmmm...wonder who called him and nixed those cuts? I'll bet $20 those cuts will NOT arrive in the fall. If FAT HITLER gets in the interest rate will start dropping the day after the inauguration.
mountain grammy
(27,645 posts)and agree. He should have lowered them already.
Wicked Blue
(7,764 posts)Qutzupalotl
(15,315 posts)Drunken sailors under Repubs, but when a Democrat is president, no spending is allowed, and suddenly we have to make draconian cuts to programs that actually help people.
ScratchCat
(2,635 posts)DeSantis has taken most of the "green" grant money and arranged to have it funneled to rich land owners in the form of conservation easements(read: rich man's boondoggle). You know, the money they pitched a fit over. They do this every time down here - complain about spending and then take the money and give it to the wealthy.
atreides1
(16,597 posts)And still the people of Florida vote for a Republican majority...and continue to do so, because their hatred of the left is even more important then their own children!!!
ScratchCat
(2,635 posts)Its a good thing Powell doesn't have to fear what Trump might do to him if Trump becomes POTUS again.
Oh, wait....
Takket
(22,930 posts)And release the entire strategic petroleum reserve. Make gas cost ten cents a gallon. Im being somewhat facetious but this country is fighting for its existence and if Biden can do some impactful things in October to sway even 1% of people, that could win the election.
Trekologer
(1,075 posts)The reserve has been releasing oil when the market price ticks up (pushing it back down again) and then buying to refill it when the market price drops back down. It has both stabilized gas prices and cut the legs out from under OPEC.
Bengus81
(8,533 posts)It's a genius plan but of course no credit. Instead the MAGA idiots like Kansas Rep Ron Estes claims the reserve is empty.
gab13by13
(27,424 posts)I have been posting this for a couple of months about whether Powell will lower rates before or after the election.
I did a post a year ago calling one of Powell's reports, negative Fed speak which caused the markets to drop, I was really criticized for that one.
TSF also threatened House Magats to trash the border deal that was all ready to pass Congress because TSF wanted chaos at the border.
Fiendish Thingy
(19,023 posts)There is little to no data to justify holding rates steady, or to indicate the fed wont cut.
Powells cautious words this year have not caused any lasting drop in the market, as evidenced by the continued record setting highs we have seen over the past several months.
It seems that Powell is onboard the Bidenomics train to national prosperity.
BootinUp
(49,555 posts)Historic NY
(38,742 posts)Trump like to brag but Bidens economy is still rocking adding over 10k to the Dow sicne he took office. The US is dragging the sagging European economy along also
Bengus81
(8,533 posts)Sickening...............
malaise
(282,455 posts)That is all