Fed cuts rate a quarter of a point. One fed governor, Miran dissented in favor of a half-point cut.

[lostincalifornia]

For those unaware of who Stephen Miran is, he is the "temporary" replacement for Fed Governor Fed Governor Adriana Kugler. Miran was serving a chairman of the WH council of economic advisers for trump, and is taking an upaid leave of absence from the WH. This temporary replacement has been criticised as undermining the Fed's indepdence.

Miran has been a vocal critic of the fed, and is is one of the major architects of the sociopath's tariffs policy.

[SamuelTheThird]

1. This should help grocery (old fashioned word) prices....

[WSHazel]

3. No it won't

Dollar is down big. Low rates = investors park money somewhere else = dollar down, other currencies up.

[SamuelTheThird]

5. It was sarcasm...

[lostincalifornia]

4. Not really. With the tariff uncertainty, and the very real risk of inflation because of those tariffs, is it really

going to decrease prices?

The lowering of interests rates unlikely will make housing more affordable, in fact probably just the opposite.

The justification for lowering was the risk of unemployment. However, those who are thinking that this lower interest rate will incentivize more companies to hire might be a little misguided, since a lot of those jobs are going going to be replaced by AI, robotics, and automation.

[dalton99a]

2. Miran is the Trump moron who was the architect of Trump's tariffs

[lostincalifornia]

6. At least that is my understanding. WIth the Tariffs, the crypto speculative craze, along with even more

deregulation, etc. I think the writing is on the wall, and it isn't going to be pretty. The working poor and the middle class are going to be decimated.

Short term, with the no tax on tips, and up to 12K deduction for those 65 or older until 2028, it may seem good to some, but it will be only be an illusion, and it will be the younger generation that will pay the price for this foolishness.

[Bernardo de La Paz]

7. Miran wants 0.75 pc next month and 0.50 in December, for a total of 1.50 pc cuts this year. He's nuts or he

He's nuts or he feels the tRump economy is in really bad shape or he is toadie of the worst and basest kind.

Or all three.

[lostincalifornia]

8. He is nuts. He is a full blown trumper, who crafted the insane, UNEVEN tariff polciy, that companies are

struggling with.

With inflation from the tariffs, the tremendous deficits being generated from his obscene "big beautiful bill", the pushing crypto, and other speculations, along with the deregulation of everything across the board, it sure seems we are headed for some very difficult times ahead, and the ones who will pay the price for this will be the younger generation, the poor and the middle class.