Trump says he will cease trading with top partners unless Fed lowers rates | CNN Business
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President Donald Trump threatened on Friday to prevent the US from trading with many nations unless the Federal Reserve lowers interest rates.

Trump sock puppet Warsh, failed to raise interest rates last meeting despite giving a press conference that made every justification to have raised rates. 3 dissenters (4 is record dissents in Fed history) voted to raise rates. With oil and diesel at record highs, and markets anticipating a rate hike… the only rational options are a hike, or the same BS hold while pretending to be serious about inflation.

Ceasing trade with all allies is one way to stop datacenters, though. But it’s also the last thread that keeps the US relevant to rest of world, and cause of putting up with Trump/US.

  • lemmy_outta_here@lemmy.worldEnglish
    30·
    13 hours ago

    I am loath to instruct Trump, but I can’t resist pointing out that in a hostage situation, one is not supposed to hold the gun to one’s own head.

    Edit: spelling. Loath, not loathe

    • Wataba@sh.itjust.worksEnglish
      1·
      21 minutes ago

      Dont correct your enemy when he makes a mistake.

      Just do literally anything to get power out of his grubby hands already.

    • humanspiral@lemmy.caOPEnglish
      3·
      10 hours ago

      The US government always has the American people/economy in a hostage situation. It just previously avoided the bad optics of pulling a gun at their head, just so most people don’t know they’re hostages. We also like to think that voting can affect freeing our hostage status.

      Trump is literally pointing a gun at entire US economy and American people here. The federal reserve is also a supposed caretaker of American economy, although they have a bankster allegiance. Still there 2 very important reasons to raise rates right now.

      1. it will actually lower 10+ year bond and mortgage interest rates. Gives fed credibility in its inflation mandate, which is too high.
      2. Obscene US debt levels, and budget proposals to increase deficits with obscene/absurd military spending increases is causing a US currency devaluation, and low foreign appetite for US debt. Higher short term (all Fed controls) interest rates can stabilize this decline, again improving mortgage rates.

      Housing prices are declining. Both mortgage rates and general inflation are factors. holding rates has made this worse. Lowering rates would collapse the US economy through skyrocketing bond/mortgage rates as a Fed credibility failure before Trump shoots the hostages.

      in a hostage situation, one is not supposed to hold the gun to one’s own head.

      What you meant by this is that he would damage his approval ratings by shooting the real hostages. As the end of the movie “The Beach” normal people should disapprove after just pointing the gun to their head, and a sane media would not still be humanizing him.