To explain as someone who actually has an econ degree and has followed a lot of the developments for a long time,
we economists have said it a million times and we’ll say it again. Interest rates are a VERY IMPERFECT TOOL. You can’t just whisk magic out of a hat by calling for interest rate changes! Were it so simple..
Rate adjustments come with many side effects and lowering rates now would not be appropriate. When the Fed is refusing to lower interest rates, it is absolutely not somehow just because they’re trying to spite Trump or whatever stupidity.
The Fed is keeping rates up because it’s the right thing to do, and they’re mature adults making reasonable decisions about how they are able to use the tools they have to achieve their very clear policy objectives (full employment, stable low inflation) as best as possible.
There’s no ego involved in the Fed decision to not lower rates. These folks are not playing games with our economy, Jerome Powell is not a child, unlike some other individuals.
Those are his leveraging tools to make our opponent/rival countries comply with his demands. If he gives up the terrif thing China and Russia are just going to keep stomping all over us and the EU into the foreseeable future.
Tarrifs won’t do the thing he wants them to do- recreate US manufacturing while raising revenue independent of income tax. If we’re collecting significant money on tarrifs it means we have no manufacturing. If we have manufacturing we won’t collect any tarrifs. Somehow, have the electorate can’t figure that out.
Lmao. Lowering the tariffs won’t fix the fact that we have to refinance some of the countries debt in June. The higher the interest rate the higher the repayment will be.
It would make him look weak (which he is) but everything about him and his administration is about appearances and show. Just look at his picks for press secretary and attorney general: unqualified, ditzy, young, blonde women.
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That would mean admitting to a mistake. We don’t do that.
Because terrific is too long of a word terrifs also just sounds cooler in a mom cool kind of way.
To explain as someone who actually has an econ degree and has followed a lot of the developments for a long time,
we economists have said it a million times and we’ll say it again. Interest rates are a VERY IMPERFECT TOOL. You can’t just whisk magic out of a hat by calling for interest rate changes! Were it so simple..
Rate adjustments come with many side effects and lowering rates now would not be appropriate. When the Fed is refusing to lower interest rates, it is absolutely not somehow just because they’re trying to spite Trump or whatever stupidity.
The Fed is keeping rates up because it’s the right thing to do, and they’re mature adults making reasonable decisions about how they are able to use the tools they have to achieve their very clear policy objectives (full employment, stable low inflation) as best as possible.
There’s no ego involved in the Fed decision to not lower rates. These folks are not playing games with our economy, Jerome Powell is not a child, unlike some other individuals.
Because although not economically ideal, tariffs are a powerful negotiation tool
Because he’s a fucking idiot.
He is literally an idiot out of his league
Which terrifs? Any one specifically?
Those are his leveraging tools to make our opponent/rival countries comply with his demands. If he gives up the terrif thing China and Russia are just going to keep stomping all over us and the EU into the foreseeable future.
Why doesn’t Congress just take back the power of the tariff?
Tarrifs won’t do the thing he wants them to do- recreate US manufacturing while raising revenue independent of income tax. If we’re collecting significant money on tarrifs it means we have no manufacturing. If we have manufacturing we won’t collect any tarrifs. Somehow, have the electorate can’t figure that out.
tariffs*
What does BRICS want because that’s what we’re going to get.
Lmao. Lowering the tariffs won’t fix the fact that we have to refinance some of the countries debt in June. The higher the interest rate the higher the repayment will be.
Whoa whoa whoa, who do you think you are with these wild concepts???
Because these tariffs are a back door sales tax so he can cut taxes for the rich.
Because tariffs are paid by other countries and interest is paid by Americans /s
It would make him look weak (which he is) but everything about him and his administration is about appearances and show. Just look at his picks for press secretary and attorney general: unqualified, ditzy, young, blonde women.
Because Trump is a stupid cunt.
The oligarchs want to buy every depreciated asset at low interest rates. Greed has no bounds.
Why doesn’t trump just fuck off and leave, he’s such a little bitch
Only what’s fair….does not make it popular
Because trump can never be wrong and that’s why he sucks a giant donkey dong.
Because that would be admitting he was wrong
Because he’s a fucking idiot.
Why not start by spelling tariffs right?
Why is this blithering idiot acting like such a blithering idiot?
What the fuck is a “Terrif”.
Tarrifs are a regressive tax on the poor designed to make our economy bad enough that money becomes cheaper for rich people.
It’s pretty simple: Economic Subjugation and Cromy Corporate profit.
As the largest economy, why does America not simply eat the other economies?