Economic News

[HandsonFire]

IMO, when Powell’s term runs out, Trump will install a lackey who will lower rates by 0.5-1.0, immediately.

Which will just make things worse, but whatever is worse will be blamed on Biden and these idiots will buy it. Over and over and over and over and over…

 

[wmheel1287]

IMO, when Powell’s term runs out, Trump will install a lackey who will lower rates by 0.5-1.0, immediately.

And even if the Fed does that, there is no guarantee that mortgage rates will follow. Matter of fact, they would likely go in the opposite direction. An ill advised Fed cut would trigger massive inflation fears. That usually leads to the bond markets (and therefore mortgage rates) going up, not down.

 

[farce©]

The Fed Chairman can’t unilaterally change rates. There are 12 people who vote on Fed interest rate moves. The FOMC has 12 voting members, including the seven governors and five of the 12 regional bank presidents, who vote on a rotating basis.

 

[Healing]

The Fed Chairman can’t unilaterally change rates. There are 12 people who vote on Fed interest rate moves. The FOMC has 12 voting members, including the seven governors and five of the 12 regional bank presidents, who vote on a rotating basis.

We shall see. Trump has bent, to his will, the SC, gop, most of the America mainstream media ecosystem, several elite universities, the military, the legal system, etc. Color me surprised when the Fed, lead by Larry Kudlow, doesn’t bend as well.

 

[HandsonFire]

The Fed Chairman can’t unilaterally change rates. There are 12 people who vote on Fed interest rate moves. The FOMC has 12 voting members, including the seven governors and five of the 12 regional bank presidents, who vote on a rotating basis.

Time to deport the traitors.

 

[heelinhell]

So the director of Trump's Economic Council today has put us libs in our naive place.

" Truth is not Democracy " Watch the clip that also contains a lot of word salad...

'Truth is not democracy': Trump official dismisses facts on GOP megabill

White House economic adviser Kevin Hassett dismissed experts' dire predictions about President Donald Trump's so-called One Big Beautiful Bill by insisting that "truth" and "science" were not the same as democracy."There's a consensus that this bill adds tremendously to the deficit. I know that...

www.rawstory.com

 

[nycfan]

So the director of Trump's Economic Council today has put us libs in our naive place.

" Truth is not Democracy " Watch the clip that also contains a lot of word salad...

'Truth is not democracy': Trump official dismisses facts on GOP megabill

White House economic adviser Kevin Hassett dismissed experts' dire predictions about President Donald Trump's so-called One Big Beautiful Bill by insisting that "truth" and "science" were not the same as democracy."There's a consensus that this bill adds tremendously to the deficit. I know that...

www.rawstory.com

What’s weird is he volunteered those two sentences when they weren’t even relevant to the question asked. What does that even mean?

 

[superrific]

What’s weird is he volunteered those two sentences when they weren’t even relevant to the question asked. What does that even mean?

It means he doesn't believe that shit but they wrote him a script and he had to stay on it.