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Fed leaves rates steady, projects higher inflation

CaughtInThe

CaughtInThe

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Weaker growth. Higher inflation.

Just like Trump promised during the campaign.



"The Federal Reserve left interest rates unchanged for the fourth straight meeting, as its leaders projected weaker growth and higher inflation this year than they envisioned three months ago — but they continue to expect two rate cuts later this year."



 
Lursa said:
TACO's headed towards apoplectic over this. 😁
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Yeah he has felt entitled to immediate rate cuts. He's going to have to be patient, and patience is not something that TACO does.
 
Trump's going to be pissed.
 
Phys251 said:
Yeah he has felt entitled to immediate rate cuts. He's going to have to be patient, and patience is not something that TACO does.
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He cant make the promises he made for the economy happen, so he's been bullying and name-calling the head of the fed. He just called him "stupid" today because he's mad he'll look bad, look incompetent like the TACO he is.
 
No real surprise here. Fed was in a pickle, they couldn't lower rates because that would acknowledge that Trump was right. So they punted and said pretty much what they said the meeting before.
 
dmpi said:
No real surprise here. Fed was in a pickle, they couldn't lower rates because that would acknowledge that Trump was right. So they punted and said pretty much what they said the meeting before.
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Powell is orders of magnitude smarter than Trump when it comes to economics.
 
dmpi said:
No real surprise here. Fed was in a pickle, they couldn't lower rates because that would acknowledge that Trump was right. So they punted and said pretty much what they said the meeting before.
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Why would the fed want to do that? Please cite some things you have read that indicate they are intentionally trying to block TACO?
 
Trumps economic policies have the economy sitting on the verge of stagflation, if not already there. That puts the Fed in a position where they can't fix the problem with traditional interest rate management. If they lower rates to stimulate the economy as Trump wants, the already building inflationary pressures from Trumps tariffs will take off. That means that an interest rate drop right now would be contrary to the Feds formal mandate from congress, and also contrary to strengthening the economy. The other issue with dropping interest rates is that it is likely to weaken the USD at a time when it is already under pressure from Trumps management of international relations. If the USD drops, that also feeds inflation even further. Globally, post covid inflation is still working it's way out of many countries economies. If inflation takes off in the US, it will probably lift inflation in other countries as well. This makes bringing US inflation back under control even more difficult.

I think that the Fed are correct to be very cautious about dropping interest rates. They have maintained a forecast for rate reductions later in the year mainly because they see building recessionary pressures due to Trumps messy economic management, and the damage that has caused to both consumer and business confidence. Trump may think that he is playing 4D chess when he 'tacos' all over the place, but the reality is that this is killing confidence in the American economy.
 
dmpi said:
No real surprise here. Fed was in a pickle, they couldn't lower rates because that would acknowledge that Trump was right. So they punted and said pretty much what they said the meeting before.
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They couldn't lower rates because of Trump's actions
Trump being an economic moron has consequences
 
dmpi said:
No real surprise here. Fed was in a pickle, they couldn't lower rates because that would acknowledge that Trump was right. So they punted and said pretty much what they said the meeting before.
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I love the stories you tell yourself to make trump right all the time, after all what's the fed know about money compared to the guy who claimed bankruptcy six times?

Just wow.
 
dmpi said:
No real surprise here. Fed was in a pickle, they couldn't lower rates because that would acknowledge that Trump was right. So they punted and said pretty much what they said the meeting before.
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Yes, the guy Trump picked to lead the Fed is anti-Trump. That means Trump picked the wrong person for the job. Wait, that means Trump was wrong. That can't be it... Powell must have always been anti-Trump and hid it. Yeah, yeah, that's it!

This is your brain 🥚. This is your brain on Trump 🥨.

Just say no kids.
 
dmpi said:
No real surprise here. Fed was in a pickle, they couldn't lower rates because that would acknowledge that Trump was right.
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You spew nonsense. The Fed isn't political.
dmpi said:
So they punted and said pretty much what they said the meeting before.
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No matter how much their assessment is an inconvenience, most economists anticipate higher inflation and slowing growth.
 
dmpi said:
No real surprise here. Fed was in a pickle, they couldn't lower rates because that would acknowledge that Trump was right.
Click to expand...
Yes. Trump is always a victim.
 
If he didn't before, I'm sure by now Powell detests Trump. Trump seems to have that effect on people that work around him, near him or wherever. Even Elon took an exit. At this point, between the Israeli/Iran conflict, the Gaza slaughter, the Ukraine war and the debt, the US is in very serious trouble, and we haven't even fielded the tariffs yet.

People need to brace themselves for stagflation and high unemployment, a surge in homelessness and an uptick of theft. The good news, however, is that we won't have to support anywhere near as many unemployed illegal immigrants as we would have, had the "Iceman not cometh." I actually think we're in for a major recession if not a depression, but it was probably destined no matter what. There's no supporting all the proxy wars and hand outs with a 36 trillion dollar debt load. Unsolicited advice: get ready
 
Powell doesn't have any pressure on him.

All he and his group have to do is make sure the economy doesn't crash (or whatever) because of Trump and with the other hand he has to fight off Trump and all of his attacks that will crash the economy or send us into inflation or stagflation or whatever.

It's like a boss hiring you and then trashing you constantly as you competently do your job.

Which makes it extra bad in this situation since Trump has had to file for bankruptcy so many times.
 
Logophile said:
If he didn't before, I'm sure by now Powell detests Trump. Trump seems to have that effect on people that work around him, near him or wherever. Even Elon took an exit. At this point, between the Israeli/Iran conflict, the Gaza slaughter, the Ukraine war and the debt, the US is in very serious trouble, and we haven't even fielded the tariffs yet.

People need to brace themselves for stagflation and high unemployment, a surge in homelessness and an uptick of theft. The good news, however, is that we won't have to support anywhere near as many unemployed illegal immigrants as we would have, had the "Iceman not cometh." I actually think we're in for a major recession if not a depression, but it was probably destined no matter what. There's no supporting all the proxy wars and hand outs with a 36 trillion dollar debt load. Unsolicited advice: get ready
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I think the hatred between the trumpdump and Powell is mutual...felon donnie is already talking about taking over the Fed. God help us all if that ever happens..:rolleyes:

Literally everything trump touches relating to our government and the American people turns to shit. EVERYTHING! The only things that haven't turned to shit (yet) are the reason he ran for President...his never ending need to enrich himself and his worthless family at the expense of the American people... That's OK, he's the bankruptcy guru, wait for more of them as the entire world turns on him, all of his golf courses and gaudy hotels...

Most American's don't give a rats ass about his personal grifter wealth...but we all should...he's robbing this country blind.
 
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