The Federal Reserve has so far resisted Donald Trump’s aggressive pressure campaign to throw inflation concerns out and attempt to boost the U.S. economy with lower interest rates.

That’s expected to continue Wednesday, as the central bank is expected to leave interest rates unchanged. If so, that’s likely to annoy Trump, who is already reshaping the global economy with his tariffs.

The Fed’s rate setting committee began its two-day meeting Tuesday. Market projections and analysts expect it won’t cut its key rate.

  • jubilationtcornpone@sh.itjust.works
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    16 days ago

    Jerome Powell might be a corporate banker but he’s not an idiot. He and the rest of the Federal Reserve Board know that arbitrarily lowering the federal funds rate might be “good” at first, but disaster will follow quickly.

    $10 says this is just Trump wanting to refinance some of his enormous debts at lower rates and thinking this is an easy way to make that happen.

    • stoly@lemmy.world
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      16 days ago

      I honestly don’t think that Trump is going for the personal angle. I think that he genuinely doesn’t understand basic economics and is willing to bankrupt the country in exactly the same way that places like Venezuela and Liberia have.

    • 11111one11111@lemmy.world
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      16 days ago

      Ehhhhhhhh I wouldn’t paint him as an idiot but I definitely wouldn’t say he is good at what he does. Ill never be able to get over the belligerent money printing. I just read an article, ill try to find it to add here, that outlined the $192 billion that the fed owes the govt over the past 2 years. How do we go from the govt getting money from the fed revenue income to being owed hundreds of billions of dollars in just 2 fuckin years.