Trump trying to bully the Fed to stop anticipated interest rate cuts before election because it would "boost Biden"

[bigtree]

Carl Quintanilla @carlquintanilla
“.. Trump told the publication that cutting interest rates before the November election would boost the economy and President Joe Biden’s odds of victory. ‘It’s something that they know they shouldn’t 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]

1. Let's hope Powell doesn't listen. These rates should have dropped already

[Irish_Dem]

2. Does Powell work for Trump or the American people?

We shall see.

[Bengus81]

15. We asked the SCOTUS the same question for months before the imunity ruling

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]

3. Running out of hope.

and agree. He should have lowered them already.

[Wicked Blue]

12. I fear Powell listens to the oligarchs nt

[Qutzupalotl]

4. Same with the budget deficit.

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]

8. Here in Florida

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]

10. Oh well

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]

5. Trump appointed him

Its a good thing Powell doesn't have to fear what Trump might do to him if Trump becomes POTUS again.

Oh, wait....

[Takket]

6. Biden should cut the rate to zero in October.

And release the entire strategic petroleum reserve. Make gas cost ten cents a gallon. I’m 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]

9. The administration has been quietly using the strategic petroleum reserve to stabilize prices

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]

17. True...and Biden gets ZERO CREDIT for lowering prices at the pump and then buying Oil LOW to refill

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]

7. Thanks for posting this,

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]

14. All indications point to a cut in September

There is little to no data to justify holding rates steady, or to indicate the fed won’t cut.

Powell’s 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]

11. These actions will hurt him, I predict. Nt

[Historic NY]

13. The DOW is rocking at 41188

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]

18. Yeah... but Biden needs to go. Just ask Schiff,Riner and Clooney and dozens of other Dem reps.

Sickening...............

[malaise]

16. An effin evil piece of shit

That is all