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.

  • humanspiral@lemmy.caOPEnglish
    4·
    11 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.

    • LazyOldPervert@lemmus.orgEnglish
      2·
      1 hour ago

      I think it poignant that your last point is your least discussed. >>Sane media would bot still be humanizing him. Everything you said is true and I whole heartedly agree with it. But I don’t think the majority of Americans are media savvy enough to discern real from fake news let alone realize that the fact that there is essentially no independent media with mass credibility left in this country is essentially the reason he will continue to get away with this bullshit.

      Without a coherent message and the ability to spread it the media that does exist is able and perfectly content to continue promoting infighting to distract the less critical masses from the fact that the gun is infact pointed at them.