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Comment by cs702 | Hacker News Reader

6 points·cs702··6 comments

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My understanding is that interest rates should be changed only

* to help keep inflation or deflation from getting out of control, and

* to help keep the financial system stable in times of crisis.

My understanding is also that changing rates for political reasons has a lousy track record as an "economic" policy.

Sigh.

power showdown between the second most powerful person in the country and j powell. itll be more entertaining then tyson vs paul.

>"With oil prices going down, I'll demand that interest rates drop immediately, and likewise they should be dropping all over the world," Trump told the World Economic Forum on Thursday in Davos, Switzerland.

That's not how this works.....

Wait until he finds out all his federal RTO mandates, which is triggering more RTO mandates in the private sector, increases the demand for gas which in turn will cause gas prices to rise.

There were also reports on Bird Flu that were supposed to be published this week that got scrubbed due to the Trump admin's cancellation of scientific meetings. HN article here: https://news.ycombinator.com/item?id=42805377#42805473 He's now flying blind and has no clue what may be happening that'll cause chicken and egg prices to rise.

Why is he at Davos when he should be in Arkansas yelling a chicken farmers?

Poultry farmers are going belly up due to Avian flu, which is also causing egg prices to spike and shortages.

https://investigatemidwest.org/2025/01/21/134m-poultry-and-c...

https://agr.georgia.gov/pr/highly-pathogenic-avian-influenza...

https://www.axios.com/2025/01/21/bird-flu-egg-prices-avian-i...

Dairy operations are seeing similar.

https://investigatemidwest.org/2024/10/01/graphic-tracking-t...

Meatpacking closures (tangentially related to ag supply chain resilience and capacity).

https://investigatemidwest.org/2024/12/24/graphic-recent-tys...

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