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piece of shit Trump is scheming to remove Jerome Powell ( who he has no right to remove because Federal Reserve is above the government ) because Powell is not cutting rates

Trump wants to cut rates to compensate for the damage to stocks done by his Tariffs nostr:npub1sglevphkxd3nqjek3tz3hrx9fvtg0v3g9exuyk3wggtusw8gn0ys8rseau

the problem is this will exacerbate inflation but that will take time whereas effect on stocks will be almost immediate, and Trump doesn't care what happens after he's out of office.

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Discussion

YODL 5mo ago

Not sure I agree. Isn't most of the damage done by tariffs gone now? Seemed like a short blip, and they reversed a lot of the initial rates.

I thought desire to remove Powell was more to do with interest on debt being financed so heavily by short term bonds.

Dissident Sound 5mo ago

i don't know the details but new factory constructions are still getting cancelled due to uncertainty over tariffs

feel free to link any non-paywall article that you think would be educational

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YODL 5mo ago

Just going off of headlines and various podcasts I follow. Mallers does a good weekly recap of the landscape that I find insightful and easy to digest.