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- cross-posted to:
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- [email protected]
Summary
Donald Trump criticized the Federal Reserve and its chairman, Jerome Powell, after the central bank kept interest rates unchanged at 4.25%-4.5%.
Trump blamed the Fed for inflation and urged rate cuts to ease borrowing costs.
Powell defended the decision, citing economic uncertainty and reaffirming the Fed’s independence.
Trump’s economic plans, including tariffs and tax cuts, have raised inflation concerns.
Powell also addressed political pressure, including an order to cancel diversity programs and the Fed’s withdrawal from a climate-focused group, insisting decisions were not politically motivated.
Haha it would be soooo funny to crash the global economy you are right. Totally a lol moment for you and your loved ones!
Doubt this would crash the global economy. The US dollar would lose value relative to other currencies, and this would have a global impact, but Americans would be hit the hardest. The average American family would have to stop buying eggs, for example.
This would hurt any country that holds large amounts of US debt like Japan and China.
You clearly do not understand how interconnected the global economy is.
How interconnected it was. It seems to be China and the US are pulling away from each other.
You named two countries. It would certainly have a global impact bit the USians would be hit hardest by far.
And you’re the problem with the world right now. People like you.
That’s the idea. How else is the USA going to pay off 33 Trillion dollars of debt?
Hyperinflation.
Bird flu is taking care of that already