Guess the turnips pressure got to him. It was the last thing holding the economy in a semi working order. This is going to cause us to go into a deep recession.
He hasn’t signed off on anything yet. Analysts seem to be in almost uniform agreement that a cut will come next month, though…
I really hope he raises interest rates just to fuck with everyone. But it’s unlikely
Inflation “risks”? Got news for you, inflation is already here. We are in full on stagflation now.
Money printer reporting for duty.
This will surely be great for working Americans.
“The Dow Jones is at record levels”
Yeah - because inflation is fucking us.
Trump’s tarrifs caused inflation, but Trump wants a rate cut to paper over the economic damage for a little longer.
I bet this is a job preservation maneuver where he’s trying to placate Trump to avoid replacement with a Fox News. If the wrong people get into The Fed’seadership, we could get into depression territory rather quickly. Not that this isn’t an endorsment of the current leadership. They have continued the anti-labour policy established since the beginning of the neoliberal era.
