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Started By
Message
re: Trump calls on FED to cut rates; hints at Powell being fired soon
Posted on 4/17/25 at 8:02 am to Augustus516
Posted on 4/17/25 at 8:02 am to Augustus516
Flip
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Posted on 4/17/25 at 8:04 am to NC_Tigah
quote:
Powell's comments yesterday were indeed a mess.
Powell inexplicably linked tariffs and inflation in the intermediate term. Inflation is a continual upward price pressure. Tariffs do not cause that. Economists, including Powell, are screaming about how bad tariffs are for the economy and GDP while simultaneously claiming inflation risks are increased.
I'm normally not a fan of a POTUS going after the Fed, but in this instance Trump is right. The Fed is a mess.
Tariffs are inflationary. No serious person argues otherwise, and that includes the minority of economists who are in favor of targeted tariffs.
Trump just wants cheap money as a personal and political benefit. I would also love lower interest rates, but making the economic case for lower rates while simultaneously adding cost to a huge amount of consumer products through tariffs is an exercise in mental gymnastics.
Posted on 4/17/25 at 8:04 am to Riverside
quote:
Cleaning toilets doesn’t count as teaching, pal.
If saying that makes you feel better about your failed life it's okay with me...pal.
Posted on 4/17/25 at 8:06 am to Augustus516
Trump has an economic team around him and he knows that we are currently in a deflationary period and the FR is always slow to act.
Posted on 4/17/25 at 8:07 am to T-Mike
quote:
Anyone with basic economics 101 knowledge knows this.
Hell I got an MBA with a emphasis in Economics, and I'm not sure about this. Neither are you though. None of us really knows how this tariff stuff is going to play out. My gut tells me it is a very good thing though and let's play the long game here.
But, just to be safe, I'll call Roger and ask him what his thoughts are about this. I don't know if y'all know this or not, but pffff, overnight, Roger became an economist. LOL. One of, if not the dumbest mf on this site is now explaining economics to us. You can't make this up.
Posted on 4/17/25 at 8:09 am to ronricks
Your numbers are wrong but the debt increases occurred primarily because of a virus intentionally created by the Chinese. We’re obtaining compensation for that now via the tariffs.
Posted on 4/17/25 at 8:11 am to LSURussian
Brother, my life isn’t failed. I also don’t have chronic TDS like you do.
Posted on 4/17/25 at 8:16 am to ronricks
as opposed to all the nut jobs the biden administration put in positions of power? Jesus Christ dude, when you have that many people some are going to be partisan even though they hide it well...ACB for one. The point is when these people show you who they are, you get rid of them with swiftness.
Unlike you, a lot of us here have enough common sense to know that not all promotions work out...the key is to address it quickly when they don't.
Unlike you, a lot of us here have enough common sense to know that not all promotions work out...the key is to address it quickly when they don't.
Posted on 4/17/25 at 8:17 am to Riverside
quote:
Brother, my life isn’t failed. I also don’t have chronic TDS like you do.
be careful....this nut job taught at one of the top MBA schools in the country.....LMAO
Posted on 4/17/25 at 8:23 am to Riverside
quote:
Your numbers are wrong
Incorrect
quote:
but the debt increases occurred primarily because of a virus intentionally created by the Chinese.
There was ZERO need for all the handouts and to pay people to sit at home and not work. That's on Trump and his stupidity of allowing Fauci and Birx to take over the Federal Government for months on end when we were told it was "2 weeks".
Trump spends or exceeds spending at the same rate as Obama and Biden. This isn't defending Obama or Biden is showing the insane out of control spending of all three that never should have happened. The fact that Trump isn't returning to pre covid level spending speaks volumes. Trump loves debt.
Posted on 4/17/25 at 8:25 am to Riverside
quote:Would you like to compare how much each of us contributed to Trump's re-election campaign, Mr. All Hat, No Cattle?
I also don’t have chronic TDS like you do.
Posted on 4/17/25 at 8:26 am to Riverside
quote:
So what?
It’s relevant information.
If going to Wharton is relevant, then bankruptcies of casinos are also relevant.
Posted on 4/17/25 at 8:30 am to LSURussian
quote:
I taught at Wharton. So frickin' what?!?
Shhh. Just going to a big name school makes you a genius. He’ll Bush went to Yale as did many other politicians these idiots themselves call idiots.
Trump is a perfect example of how ideologues will simply follow whatever person supports their idiotic views. Magically the same qualifications they would thrash for those on the other side would be lauded for their guy.
Posted on 4/17/25 at 8:33 am to theballguy
quote:
Save the cash and buy your boat with cash.
Iw ill get right on it baw.
Posted on 4/17/25 at 8:34 am to Crowknowsbest
quote:They aren't in the intermediate term. Arguably they aren't at all. They are a one-off bump.
Tariffs are inflationary.
Inflation, or the inflation rate, refers to a sustained rate of increase in the general price level of goods and services over time.
quote:
Trump just wants cheap money as a personal and political benefit.
Posted on 4/17/25 at 8:37 am to NC_Tigah
quote:
Inflation, or the inflation rate, refers to a sustained rate of increase in the general price level of goods and services over time.
like we saw from Jan 2021 through Jan 2025. You have idiots that say inflation was coming down with Biden....my god, it went through the roof (higher than what they were reporting). It is still WAY high, but Trump is bringing it down.
Posted on 4/17/25 at 8:38 am to Mandtgr47
So if we don’t know should we leave rates alone? Honestly asking your opinion..
Posted on 4/17/25 at 8:46 am to NC_Tigah
quote:
They aren't in the intermediate term. Arguably they aren't at all. They are a one-off bump. Inflation, or the inflation rate, refers to a sustained rate of increase in the general price level of goods and services over time.
That initial bump doesn’t just “not count” in the inflation calculation over a period of time. Producers don’t drop their prices back down after the initial shock, so the higher prices are sustained from that point forward. Even if Trump gets his way and more products are manufactured domestically, that will have to be done at higher costs and prices to the American consumer. The exception would be if the shock of tariffs caused a significant decline in productivity (recession or depression) and the broader impacts of that downturn on employment, income, etc. caused deflation in spite of the tariffs, and that would be devastating in itself. That possibility is all the more reason for the Fed to hold off now to keep the rate-cutting tool in its arsenal in case of a downturn.
It’s to his personal and political benefit because lower rates will increase equity values (both his own and his constituents) and lower the cost of borrowing. That doesn’t mean it’s a prudent economic policy in the aggregate.
Posted on 4/17/25 at 9:42 am to LanierSpots
Posted on 4/17/25 at 10:04 am to Augustus516
God I hope they don’t cut rates. Should never go below 5% imo if you can’t afford to borrow money at 5-6% you have no business borrowing that money in the first place. I’m finally making a few buck in interest the last couple years. The fed rate near zero got us into this mess.
This post was edited on 4/17/25 at 10:07 am
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