Posted on 10/30/2018 2:42:16 PM PDT by Rusty0604
Popular CNBC personality Jim Cramer said Tuesday that Jerome Powell’s determination to keep raising interest rates may be a signal that the Fed chairman wants to undermine President Donald Trump’s agenda.
“Maybe he wants Trump to lose,” Cramer said on the financial news networks’ “Squawk on the Street” program.
Cramer has been saying for several weeks that the Fed should halt rate hikes after December. The Fed has hiked rates three times this year and is widely expected to hike rates again at its December meeting. The Fed’s projections show central bankers expect to keep raising rates in 2019.
(Excerpt) Read more at breitbart.com ...
Plus if we are going to re-industrialize, now that Trump has some protective tariffs in place, we need to be investing. They need to keep rates low to facilitate that.
Plus if we are going to re-industrialize, now that Trump has some protective tariffs in place, we need to be investing. They need to keep rates low to facilitate that.
Plus if we are going to re-industrialize, now that Trump has some protective tariffs in place, we need to be investing. They need to keep rates low to facilitate that.
Trump is not running for anything.
There’s nothing for him to *lose*.
War on Savers! Savers must die!!
Yes.
Yes.
Of course there is.
A growing economy will cause interest rates to rise — especially when they have been held down artificially for years during the crap years of Obama.
Now Trump becomes President and the economy is finally growing again. That results in rising interest rates. That’s how it works.
The stock market now is 2% from its all-time highs ... and the problem is ... what exactly?
They’re alluding to what Powell could do to the economy entering 2020.
Cramer is partisan for his positions. Sounds like someone got caught long and wrong. Tough titty, you bald, bullish moron.
You only get money to invest with unnaturally low interest rates because the Fed is printing it. The usual way to raise investment money was to offer enough interest that mom and pop would put some away for rainy days, accumulating wealth through the compound interest thereon.
I know the way that works. But as you say, it was kept down artificially for Obama, and with the growth we have now, it would naturally rise now. But since we don’t really have a free market, it seems the FED is raising it quickly for unknown reasons. We certainly don’t want inflation, but I haven’t seen any indication of that.
Just read a Steve Forbes article about the negative consequences of a weak dollar. He made excellent sense.
“So many reasons”
Raising rates is the right thing to do for the long term health of the economy.
A strong dollar has always been the hallmark of a strong US.
Just ask Jefferson or Reagan.
FED can’t do anything if the chair and all the governors are locked up in GITMO.
Where they belong.
Not always. A strong dollar hurts exports, which is what Trump is aiming for. Other things too. Start thinking in reality, like our President does.
https://www.investopedia.com/articles/forex/051415/pros-cons-strong-dollar.asp
https://www.stlouisfed.org/on-the-economy/2017/january/does-strong-dollar-slow-growth-rate-gdp
You don’t get investment if interest rates are too high.
I have no problem with the FED printing money to invest in re-industrializing America.
My only concern is that at some point, Trump needs to signal that the tariffs are permanent. We aren’t going to get much investment if the tariffs are perceived as temporary.
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