Economy 53,070 Posted June 24, 2019 Share Posted June 24, 2019 https://www.bnnbloomberg.ca/trump-calls-fed-a-stubborn-child-in-its-refusal-to-cut-rates-1.1277546 Trump accused the Federal Reserve if acting like a child by refusing to cut rates. Trump has consistently criticized the US Central Bank for having rates too high in his opinion and has repeatedly called for cuts Despite a general rule that Central Banks are independent and World Leaders in most Countries (including the US) are not supposed to comment or try to sway their Central Banks, Trump has chosen to do otherwise It should be worth noting that these rates Trump is calling "too high" are still very low by historical standards and that Trump himself made the opposite criticism of rates being too low during campaigning Link to post Share on other sites More sharing options...
Vitleysingur 13,790 Posted June 24, 2019 Share Posted June 24, 2019 Well Trump is an old c*nt himself. Dreams of you and me are in the dirt. Link to post Share on other sites More sharing options...
JusKeepBreathin 19,311 Posted June 24, 2019 Share Posted June 24, 2019 Correct me if I am wrong but didnt raising those rates prevent us from going into inflation. Why is he whining now? "Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity." -Martin Luther King Jr. Link to post Share on other sites More sharing options...
Economy 53,070 Posted June 24, 2019 Author Share Posted June 24, 2019 Just now, JusKeepBreathin said: Correct me if I am wrong but didnt raising those rates prevent us from going into inflation. Yes. And higher rates are needed when the economy strengthens to prevent asset bubbles Some economists argue the hikes if anything weren't aggressive enough and that rates are still low enough that they have Inflated stock price bubbles and maybe even real estate bubbles in some of the hottest markets (tho not as bad as 2007) Rates right now are at a range of 2.25% to 2.5%. in the past it was often 4% to 6% so this is still low just not the 0% emergency lows of 2008 The stronger the economy is, the higher rates need to be to keep things sustainable and Inflation in check Trump wants more growth now without being concerned of the consequences later. That's why he wants lower rates. DESPICABLE! Link to post Share on other sites More sharing options...
PunkTheFunk 125,733 Posted June 24, 2019 Share Posted June 24, 2019 The cheeto calling the kettle orange Link to post Share on other sites More sharing options...
Woolfsmck 2,763 Posted June 24, 2019 Share Posted June 24, 2019 Trump knows this. Bubbles are good if you know when they are gonna pop... He smells dirty here .. like a cat in a sil, I observe life, moving and still. My words give a clue,look inside to see whats true Link to post Share on other sites More sharing options...
Mister G 10,515 Posted June 24, 2019 Share Posted June 24, 2019 He’s trying to create a crisis so that he can magically save the day and brag about how awesome he is and there won’t ever be another president like him. Thank u, next. This dude is trash. Someone give him an “Economics for Dummies” book. Link to post Share on other sites More sharing options...
JusKeepBreathin 19,311 Posted June 24, 2019 Share Posted June 24, 2019 1 hour ago, Economy said: Yes. And higher rates are needed when the economy strengthens to prevent asset bubbles Some economists argue the hikes if anything weren't aggressive enough and that rates are still low enough that they have Inflated stock price bubbles and maybe even real estate bubbles in some of the hottest markets (tho not as bad as 2007) Rates right now are at a range of 2.25% to 2.5%. in the past it was often 4% to 6% so this is still low just not the 0% emergency lows of 2008 The stronger the economy is, the higher rates need to be to keep things sustainable and Inflation in check Trump wants more growth now without being concerned of the consequences later. That's why he wants lower rates. DESPICABLE! Yep. He wants it for the election. A healthy economy is the only thing he can run on. Where are the coal jobs? Where is the better healthcare plan? Where is the tax cuts for the middle class? "Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity." -Martin Luther King Jr. Link to post Share on other sites More sharing options...
Woolfsmck 2,763 Posted June 24, 2019 Share Posted June 24, 2019 25 minutes ago, JusKeepBreathin said: Yep. He wants it for the election. A healthy economy is the only thing he can run on. Where are the coal jobs? Where is the better healthcare plan? Where is the tax cuts for the middle class? most of trumps domestic policy is good for Trumps picketbook. like a cat in a sil, I observe life, moving and still. My words give a clue,look inside to see whats true Link to post Share on other sites More sharing options...
Economy 53,070 Posted June 24, 2019 Author Share Posted June 24, 2019 3 hours ago, JusKeepBreathin said: Yep. He wants it for the election. A healthy economy is the only thing he can run on. Where are the coal jobs? Where is the better healthcare plan? Where is the tax cuts for the middle class? He's dispicable and a liar in general and serious BS-er Link to post Share on other sites More sharing options...
Woolfsmck 2,763 Posted June 24, 2019 Share Posted June 24, 2019 2 minutes ago, Economy said: He's disposable and a liar in general and serious BS-er X100 like a cat in a sil, I observe life, moving and still. My words give a clue,look inside to see whats true Link to post Share on other sites More sharing options...
Economy 53,070 Posted June 24, 2019 Author Share Posted June 24, 2019 15 minutes ago, Woolfsmck said: X100 Meant to say dispicable but my autocorrect Link to post Share on other sites More sharing options...
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