Originally published at: Trump’s Threats to Stop Trade Couldn’t Keep the Fed from Hiking Interest Rates - TPM – Talking Points Memo
The Federal Reserve opted to raise interest rates by one-quarter of a percent, or 25 basis points, in a unanimous vote on Wednesday. It’s the first rate hike since 2023, when the Fed was responding to pandemic and supply chain disruption. A recent Bureau of Labor Statistics inflation report showed prices heating up while President…
“Threats betray the speaker by proving that he has failed to influence events in any other way.”
7 Likes
“The hike also comes as Trump has relentlessly sought to pressure central bankers to lower interest rates. Trump installed Kevin Warsh as Fed Chair after reportedly pressing him to lower rates, and the president continues to pursue legal action against sitting Federal Reserve Governor Lisa Cook over phony mortgage fraud charges.”
… … … … … … …
Trump should know something of fraud since was convicted in criminal court on 34 felony fraud related charges just before taking office. Therefore any sentencing is delayed until he is again out of office.
In his fantasy world trump wants to believe he alone controls world trade. He likes to babble that the Strait of Hormuz is open to all ships freely and that the Houthi militants on the other side of the Arabian peninsula are no threat to anybody cuz reasons. None of which is true. And the Saudi pipeline carrying crude from the east of the country to the Red Sea was bombed a couple days ago putting it out of service. Crude prices are rising. The root cause is Donald J. Trump and his fucking ego.
9 Likes
When politics and reality clash, reality often wins. Too bad, dump.
6 Likes
The rate hike was totally expected. Warsh can’t get past the ‘facts on the ground.’ More importantly, it’s not Warsh’s decision alone, since there are other votes on the board.
Trump is losing influence now, and, being on the downswing, his fury is going to consume him 24/7.
Strokes and heart attacks have been brought on by less.
17 Likes
“LOWER THE RATE OR I’LL STOP TRADING WITH COUNTRIES WITH WHICH WE HAVE A DEFICIT… BE PATRIOTS for a change.”
For the record, Donnie doesn’t trade with anyone.
13 Likes
Please don’t threaten me with a good time.
10 Likes
This sounds the ravings of the Mad King!
3 Likes
Reminds me of:
A story told by an idiot that is loud and chaotic, but ultimately pointless (“full of sound and fury, signifying nothing”)
3 Likes
I should have said:”This sounds like the ravings of the Mad King” I think that is a better assessment of what that low IQ ignorant sort said.
3 Likes
Those are pretty good and succinct quotes from Elizabeth Pancotti:
“Interest rates can cool demand. They cannot lower a tariff, reopen a shipping lane, or bring down the price of a barrel of oil.”
“(Raising the interest rate) would punish families for a problem they didn’t create… The only way to bring prices down is to reverse the tariffs and end the war. The power to pull those levers sits with the president, not Chair Warsh.”
If only the MM would pick that up and spread it. Ahead of the midterms.
12 Likes
We shall soon find out… or rather - a few henchmen will be dispatched from the doj to investigate, and manufacturer some bullshit if they dont find anything.
1 Like
I doubt Warsh was willing to lose a very predictable six to one first vote.
5 Likes
From your fingers to karma.
1 Like
I am still trying to understand why he thinks this is an effective threat. I realize it springs from a diseased mind, but honestly, it reminds me of a toddler threatening to hold their breath until Mom buys some candy.
2 Likes
Trump Rages After Federal Reserve Raises Interest Rates
President Donald Trump posted on Wednesday afternoon, as he was widely expected to do, fuming about the Federal Reserve’s decision to raise interest rates.
“Interest Rates in the United States should be 1%, or less, because we are the Best Credit in the World — BY FAR. Our Country is BOOMING with new Investment!” wrote Trump on Truth Social, adding:
If we stopped Trading with every country that we have a Deficit with, which is most of them, we would make, at least, 1.5 Trillion Dollars a year. The word “Deficit” is nothing more than a fancy word for LOSS. We are “carrying” almost every country in the World, and that cannot go on any longer. LOWER THE INTEREST RATES FOR THE UNITED STATES OF AMERICA, AND FAST! President DONALD J. TRUMP
4 Likes
4 Likes
Crap. All before I could invest in ketchup futures.
3 Likes