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re: Trump calls on FED to cut rates; hints at Powell being fired soon

Posted on 4/17/25 at 11:40 am to
Posted by PorkSammich
North FL
Member since Sep 2013
16940 posts
Posted on 4/17/25 at 11:40 am to
Trump nominated the cuck Powell.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
297306 posts
Posted on 4/17/25 at 11:42 am to
quote:


UE rate increasing. Retail sales will be very low next month. Negative GDP


Things you were warned would happen due to Trumps tariffs.

Trump will do what he did last time. Beg the fed to continually bail him out.
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
135699 posts
Posted on 4/17/25 at 12:00 pm to
quote:

Why should they be cut? Are things looking that badly?

Why? Because we are not in a 4%+ FFR economy by recent standards.

Re: "Are things looking that badly?"
We're stuck with the deleterious effects of the past 5yrs, plus the need to shift domestic/global paradigms. You've forecasted terrible outlooks as a result.

Pocahontas was on CNBC this morning emanating her economic wisdom (/s). She berated Trump for suggesting the FFR was too high, and Powell was/is late to react. Not a minute later she said we're headed for recession, "if we aren't already in one."

Now you seem to be of the Warren mindset, so you tell me, are things looking that bad?
Posted by Crowknowsbest
Member since May 2012
26823 posts
Posted on 4/17/25 at 12:03 pm to
quote:

Then they'd be making a costly mistake, for several reasons.

The Fed’s mandate centers around inflation and unemployment. If both are near target, they have no reason to lower rates.
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
297306 posts
Posted on 4/17/25 at 12:03 pm to
quote:

We're stuck with the deleterious effects of the past 5yrs, plus the need to shift domestic/global paradigms. You've forecasted terrible outlooks as a result.


Whats the unemployment rate? Inflation rate?

According to what I see, we're not there yet.
Posted by Crowknowsbest
Member since May 2012
26823 posts
Posted on 4/17/25 at 12:06 pm to
quote:

Why? Because we are not in a 4%+ FFR economy by recent standards.

Recent standards are the outlier, historically. We had cheap money from 2010-2023 despite a strong economy, and it resulted in extreme asset price growth (and now a housing affordability crisis in many areas) and ultimately severe inflation when faced with a shock to supply chains ignited further by stimulus.

Modern monetary theory has largely been discredited as a result.
This post was edited on 4/17/25 at 12:08 pm
Posted by 4cubbies
Member since Sep 2008
59238 posts
Posted on 4/17/25 at 12:16 pm to
quote:

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.


Do you think trump is the first politician to justify adding trillions of dollars to the national debt? They all have valid reasons. Just ask them.
Posted by BCreed1
Alabama
Member since Jan 2024
6445 posts
Posted on 4/17/25 at 12:18 pm to
quote:

Trump nominated the cuck Powell.


SO!
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
297306 posts
Posted on 4/17/25 at 12:19 pm to
quote:



Modern monetary theory has largely been discredited as a result.


I sure hope so.

I remember when 5% was full employment (It still is in the real world) and now people panic if its over 4 and think something needs to be done.
Posted by BCreed1
Alabama
Member since Jan 2024
6445 posts
Posted on 4/17/25 at 12:20 pm to
Posted by mmcgrath
Indianapolis
Member since Feb 2010
37070 posts
Posted on 4/17/25 at 12:21 pm to
quote:

UE rate increasing. Retail sales will be very low next month. Negative GDP
That sounds horrible. What do you think caused the sudden downturn?
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
297306 posts
Posted on 4/17/25 at 12:22 pm to
We are at 2.4%

Usually, they act when it falls under 2.

Posted by KCT
Psalm 23:5
Member since Feb 2010
46459 posts
Posted on 4/17/25 at 12:22 pm to
Somebody may have already brought this up, but I don't think Trump can fire him, right? So, who can fire Powell?
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
297306 posts
Posted on 4/17/25 at 12:24 pm to
quote:


UE rate increasing. Retail sales will be very low next month. Negative GDP
That sounds horrible. What do you think caused the sudden downturn?


He will blame biden.

Posted by BCreed1
Alabama
Member since Jan 2024
6445 posts
Posted on 4/17/25 at 12:26 pm to
quote:

We are at 2.4%

Usually, they act when it falls under 2.



I see that you did not grasp what you saw.

Here it is again:

Posted by CubsFanBudMan
Member since Jul 2008
6016 posts
Posted on 4/17/25 at 12:29 pm to
True or false, lower interest rates help long term investment like building new manufacturing plants in the US?
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
297306 posts
Posted on 4/17/25 at 12:29 pm to
Damn, according to your chart, Joe Biden tamed Trumps inflation.

Damn.
Posted by Galactic Inquisitor
An Incredibly Distant Star
Member since Dec 2013
18452 posts
Posted on 4/17/25 at 12:29 pm to
We don't need this deranged old man having control over any more economic triggers. Dude is going to introduce the world to Recessflation if we're not careful.
Posted by wdhalgren
Member since May 2013
4628 posts
Posted on 4/17/25 at 12:30 pm to
I don't see how cutting rates will help anything right now. The dollar is trending down, bond prices may be about to trend down (bond yields higher), the news media is preaching recession. This would probably be a classic case of "pushing on a string" for the federal reserve, i.e., lowering short term rates would be ineffective and maybe counterproductive. Best to hold the line and if we get a recession, that alone could help reduce the trade deficit.

Unfortunately, using federal deficits to stimulate consumption may also be counterproductive and cause bond yields to rise faster. This is the quandary of our position, no more quick and easy solutions. Lower consumption is, in fact, part of the cure for our economy.
This post was edited on 4/17/25 at 12:34 pm
Posted by Solo Cam
Member since Sep 2015
34734 posts
Posted on 4/17/25 at 12:31 pm to
quote:

Lowering interest rates now would be the a punch that knocks us out for a very long time. Anyone with basic economics 101 knowledge knows this.
I honestly don't know why- why would rates going down, not dramatically but somewhat knock us out?
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