Can Trump Please Stop Threatening Jerome Powell?

[Zer0/∞]

Inflation was finally cooling down before the tariffs and now Trump is going to do a massive tax cut and is pressuring Powell to lower interest rates. He is very quickly going to overheat the American economy to the levels only seen in Turkey and Argentina.

 

[solblue]

I don’t comprehend this tax bill and lowering interest rates. Like you mentioned, that will overheat the economy. The most repubs should do is extend the tcja for lower income earners and revise section 174. Americans will credit them even if Powell is the one lowering rates. Honestly, maybe this an attempt to further depreciate the USD and drive up asset prices via Investments. I’ll re-read Project 2025 to gauge his plan.

 

[Zer0/∞]

I don’t comprehend this tax bill and lowering interest rates. Like you mentioned, that will overheat the economy. The most repubs should do is extend the tcja for lower income earners and revise section 174. Americans will credit them even if Powell is the one lowering rates. Honestly, maybe this an attempt to further depreciate the USD and drive up asset prices via Investments. I’ll re-read Project 2025 to gauge his plan.

He is selling out the base to help his wealthy donors, something similar happened in Turkey where the president fired 4 central bankers to force them to lower interest rates. Turkey became cheap for tourists and investors to buy domestic goods and real estate while for the Turkish people, the country became unaffordable.