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Posted on 1/23/25 at 2:30 pm to FizzyPop
quote:
This is far from a Reagan/Volcker team to say the least.
Of course it is, Jimmy Carter appointed Paul Volcker.
My question is, why should the fed drop their rate?
Posted on 1/23/25 at 2:32 pm to ronricks
quote:
Why does Trump make such bad appointments?
Stop being dense.
The people that want a ticket to the party in that town will lie, cheat and suck any dick to get there. Once they get there - especially at the helm of an evil machine like the Fed - they are beyond any one man's control and they know it. Trump is dealing 100% with morally questionable, ambitious people... just like he is. The difference is, he doesn't need what that town's selling. Those he appoints, however, need it like a drug and will stab him in the back repeatedly if that's what it takes to keep it.
Posted on 1/23/25 at 2:33 pm to Harry Boutte
I’m ok with the fed slow rolling their cuts, but there are a shite ton of poor to middle class who are paying 25 to 30 on credit cards. Some were stupid but some had no choice with the Biden economy.
Cap those for a while and you will get more spending money flowing.
Cap those for a while and you will get more spending money flowing.
Posted on 1/23/25 at 2:34 pm to FizzyPop
quote:That's the best strategy to keep the Fed from cutting rates...
Trump Demanding that Interest Rates Drop
Posted on 1/23/25 at 2:36 pm to Harry Boutte
quote:
My question is, why should the fed drop their rate?
Umm, maybe read the article link in the OP for your answer
Posted on 1/23/25 at 2:41 pm to Saint Alfonzo
quote:
End the Fed
This is what Trump’s executive order helps do. It takes significant power away from the Fed and I can see those owners not being happy
Posted on 1/23/25 at 2:41 pm to td1
quote:
paying 25 to 30 on credit cards
I have a credit card, it would charge 13.5 % if I ever let it go past a month.
Other people abusing credit shouldn't cut into my profits.
quote:
more spending money flowing
Is that really what we want when we're struggling to get inflation down?
Posted on 1/23/25 at 2:43 pm to FizzyPop
Lower mortgage rates, not cc and auto loans.
If Trump wants to make buying a house affordable this is the way.
If Trump wants to make buying a house affordable this is the way.
Posted on 1/23/25 at 2:43 pm to td1
quote:
Cap those for a while and you will get more spending money flowing.
This is straight out of Liz Warrens brain...
Posted on 1/23/25 at 2:43 pm to FizzyPop
quote:
I'm afraid Powell is absolutely Left leaning
Posted on 1/23/25 at 2:45 pm to L1C4
quote:
Lower mortgage rates, not cc and auto loans.
Posted on 1/23/25 at 2:47 pm to ronricks
Very educational retort.
Posted on 1/23/25 at 2:48 pm to FizzyPop
Pretty high bar being raised for rate cut expectations
Posted on 1/23/25 at 2:52 pm to MrLSU
quote:What executive order are you referring to?
End the Fed
This is what Trump’s executive order helps do.
Posted on 1/23/25 at 2:53 pm to Tomatocantender
quote:quote:Umm, maybe read the article link in the OP for your answer
why should the fed drop their rate?
"With oil prices going down, I'll demand that interest rates drop immediately,"
"Interest rates should follow us,"
"interest rates are far too high."
None of that actually answers the question.
quote:
Clearly, you don't.
Posted on 1/23/25 at 2:54 pm to L1C4
quote:
Very educational retort.
Because that is not how it works. Powell was more than favorable to Trump last time now he is some boogeyman. You guys don't even remember how we got to this point with inflation and if someone tells you you will reject it. The idea that Trump spending 6 to 8 trillion dollars didn't usher in inflation but Biden's 6 to 8 trillion did is just stupid. That's not how any of this works.
Posted on 1/23/25 at 2:55 pm to Tomatocantender
quote:I read the article in the link. Trump didn't give a reason except for saying "rates are too high."
My question is, why should the fed drop their rate?
Umm, maybe read the article link in the OP for your answer
Posted on 1/23/25 at 2:58 pm to SuperSaint
quote:
Low interest rates and quantitative easing got the country into the troubles we've been in. Trump is looking at it as he has 4 years to make a mark but slashing the rates to the bone will not be helpful long term
Low interest rates were just fine until Covid and then all our Reps sold us out and dumped trillions into economy. Those trillions are what fricked it up not the low interest rates. After the dumps it overheated economy and forced rates higher. It was all Fed induced.
With Trump and DOGE, lots of fed costs will be cut via lots of feds unemployed. Trump is working on fixing the economy with private industry not fed induced money.
Posted on 1/23/25 at 3:00 pm to ronricks
I agree with you that Trump started inflation going up, but if you want affordable housing, mortgage interest rates need to drop.
It adds hundreds to the monthly payment.
It adds hundreds to the monthly payment.
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