Trump says Fed Chair should cut interest rates and 'stop playing politics' | Hacker News Reader

Trump says Fed Chair should cut interest rates and 'stop playing politics'

cnbc.com

8 pointsthrow0101d5 comments

KITE Insta-analysis (Kiel Institute Trade Policy Evaluation) shows that US

  real output -1.92%
  price index +9.16%
  exports    -24.52%

If inflation is going to jump 9 percent, that's not time for rate cut.

The US may enter stagflation--Stagnant economic growth (or a recession) and High inflation (rising prices) and rising unemployment.

Interest rates have no impact on inflation caused by tariffs.

If the aim of those tariffs is to shift production back to the US then lowering rates would perhaps help make that happen faster by encouraging investments. But at this point who knows what Trump's plan, if any, is...

So says the man who doesn't know jack about economics and who's calendar reads the year 1873.

The Fed Chair should answer: cut the crap and "stop playing politics", apprentice.

It would be more on brand for Trump to cut interest rates himself. (I know he doesn’t have the power, legally. He doesn’t care.)

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