• vegeta@lemmy.worldOP
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    24 hours ago

    He’s going to blame Powell for the recession/depression, and the sheep will baaaa in unison.

    • givesomefucks@lemmy.world
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      24 hours ago

      Someone tried telling me the other days interest rates won’t go down because that would be a stupid move…

      That’s not going to factor in Trump’s decision at all, either Powell caves or trump seizes more control and Republicans refuse to stop him.

      • ultranaut@lemmy.world
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        23 hours ago

        If you’re referring to our exchange, you either misunderstood me or are misrepresenting what I said. I said that the odds of rates going down are decreasing because of Trumps idiocy. The Fed are increasingly more likely to raise rates than lower rates, but if Trump forces rates down it’s going to blow the whole thing up. The market is not going to like that at all because the Fed maintaining its independence is integral to the functioning of the US economy.