WTF?
I thought the Fed was out to GET TRUMP!
“WTF?
I thought the Fed was out to GET TRUMP”!
Trump has been playing chess with the Fed for over three years. He won the game and now he has them in a favorable position.
Not if they have to sacrifice themselves to do it.
So much for principle.
I think Trump is out to get the Fed.
I have a feeling POTUS asked the Fed guy whether he’d prefer throwing a life ring out to the economy; or have the Fed terminated and disbanded......or something close to that.
I don’t think they are out to get Trump, but this move probably won’t be good for him in the long run. The Fed can’t stay at zero forever and is going to have to raise rates eventually. Probably just in time for the election.
it will be - rates soon
Trump has been slowly forcing Powell to zero for 3 years. This is IMO step one of Trump’s plan to make the Federal Reserve irrelevant and cut them out of the loop in his second term. Next step will be to announce at some point that the US Treasury Dept will start issuing our currency. Federal Reserve no longer needed.
President Trump is a genius.
He knows full well all this dishonest finger-pointing and unnecessary panic is designed to make him look incompetent and uncaring, and to tank the economy to hurt his re-election chances.
But he also knows it’s a trap: if he denies the lies, and tries to debunk the hype and exaggeration, that’s what his enemies hope he will do. Then they can depict him as being political, paranoid, unresponsive, and in denial in the face of a national crisis, etc..
So what does he do? He doesn’t take the bait. Instead he leans into it - takes it seriously - calls a national emergency - travel bans - daily press briefings. But what he is really doing is very clever. He is finding ways to turn this crisis into a “teaching moment”.
The need for travel bans reinforces his long standing agenda of securing our borders. The need for vaccines, and other medical supplies and technology, reinforces his long-standing agenda of putting America first, reducing our dependency on global supply of critical strategic resources, with regard to China in particular. The need for a robust health system underscores his long standing agenda of a free and competitive private health industry vs. a nationalized single payer system, such as the ones failing to meet demand in Italy, China and elsewhere.
The need for a robust domestic economy to weather a crisis reenforces his agenda of cutting job killing regulations and taxes. He cut payroll taxes, got a Fed interest rate reduction and has encouraged Americans to spend money on domestic vacation destinations instead of abroad - all things that put America first, and things that he wanted to do anyway.
This Corona virus is clearly being exaggerated to hurt President Trump, but instead of bickering about dishonest reporting, he is viewing it as a “dose of reality” and reality favors the truth - and the truth is that the American people need to scrap the failed progressive movement - scrap the failed globalist mentality - we need to wake up and put America first, just like he’s been saying all along.
Go Trump! (Best election ever)
Maybe Andrew Jackson has come back ‘redistribute’ the Bank’s largesse of our money,our currency being “loaned”...to the correct entities that support MAGA? Could be.
Returning needed money to the States to put it to the best use- and not secretly floating billions to European and other foreign states, without so much as asking permission of the People who fund the place in the first place. More easily done by redirecting the federal dollars so backed to each state’s banks.
“The Bank, Mr. Van Buren, is trying to kill me. But I will kill it.”