Economic News | Fed extends wait & see posture on interest rates

  • Thread starter Thread starter nycfan
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I do not envy central bankers around the world right now. The Fed hasn't had a more difficult policy-setting environment since the 1970s at the earliest.

I would not cut interest rates. I would try to keep inflation under control. Cutting rates in the face of contractionary fiscal policy is likely to be ineffective. Keep inflation low, and wait for the political branches to remove the tariffs and the ridiculous slash-and-burn tactics at the government.
 
ChileG said:
Trusting Trump is about the dumbest thing any person could do.
Click to expand...

Donald J. Trump to the Economic Club of New York, September 5, 2024:
“We will bring our auto-making industry to the record levels of 37 years ago, and we’ll be able to do it very quickly through tariffs and other smart use of certain things that we have that other countries don't.”
“Energy is going to bring us back. That means we’re going down and getting gasoline below $2 a gallon, bring down the price of everything from electricity rates to groceries, airfares, and housing costs.”
“We will eliminate regulations that drive up housing costs with the goal of cutting the cost of a new home in half. We think we can do that.”
Donald J. Trump now:
“WILL THERE BE SOME PAIN? YES, MAYBE (AND MAYBE NOT!) BUT WE WILL MAKE AMERICA GREAT AGAIN, AND IT WILL ALL BE WORTH THE PRICE THAT MUST BE PAID.”
Let them eat flatscreens, I guess.
 
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