Well, lower interest rates would in fact be better for the government and Trump does say he's America first, so wanting lower borrowing costs is in line with that.
Fed will overshoot rate increases
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There's a lot to unpack there. Let's start with - "better for the government." What, so they can print moar; use this money, the VALUE of which comes OUT of our savings and our earnings...to torment us, moar? Jabs, MK-Ultra, Trailer Swift on every video link...windmills everywhere, outlaw beef, build syn-meat plants, kill all the chickens, you-vill-eat-zee-bugs...ethanol in gas, Breathylizers in every new car, yearly smog checks...
...DO WE WANT WHAT IS GOOD FOR THIS GOVERNMENT? So they can shovel more death hardware to that pathetic little sociopath in Ukraine?
THEN, the Malinvestment problem. Free money leads to reckless spending, reckless planning, malinvestment. Because money is free. Koledge dee-grees for every non-white young person this nation can FIND? "Loan" them the money and then "forgive" the loan. The money may be free - from interest - but not from cost. Printed-up fiat debases the currency - INCLUDING THAT DOLLAR-DENOTED MONEY IN YOUR RETIREMENT FUNDS.
I don't give a flying frig if Trump wants it. How many times have I said, this is Trump's blind spot? He has no idea of how money works, or why printing it does NOT work. He was never a saver. He was never concerned about retirement - his own or anyone's.
He's a borrower - what he did was based on CHEAP DEBT. I'm not bashing what he did, which was mostly useful; but he only understands one side of it, and believes no-cost borrowed capital to be a great thing.
Any Austrian-School observer would assert otherwise.
It's amazing, how circumstances have maneuvered Trump into his weakest positions. Supporting Cheap Money - when cheap money and reckless currency debasement are the ESSENCE of our problems. His poor pick of key people - everyone from Elon the Pothead, to Pam Blondie, who's obviously playing both sides. The Pro-Israeli-Deep-State war freaks have his ear.
Circumstances are going to destroy Trump. Maybe in weeks. Pride goeth before a fall; and Trump has always been to prideful to say, "I was wrong there."
Welcome to the Fourth Turning.
Historically normal.
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lol
Trump claimed at the White House that lowering rates by 2 percentage points would save the U.S. $600 billion per year, “but we can’t get this guy to do it.”
“We’re going to spend $600 billion a year, $600 billion because of one numbskull that sits here [and says] ‘I don’t see enough reason to cut the rates now,’” Trump said.
More:
Trump calls Fed chief Powell ‘numbskull’ as he urges interest rate cut
- President Donald Trump called Federal Reserve Chair Jerome Powell a “numbskull” as he demanded an interest-rate cut.
- Trump claimed at the White House that lowering rates by two percentage points would save the U.S. $600 billion per year, “but we can’t get this guy to do it.”
- Trump said he “may have to force something” if inflation is trending down and Powell does not lower interest rates.
Trump claimed at the White House that lowering rates by 2 percentage points would save the U.S. $600 billion per year, “but we can’t get this guy to do it.”
“We’re going to spend $600 billion a year, $600 billion because of one numbskull that sits here [and says] ‘I don’t see enough reason to cut the rates now,’” Trump said.
More:
Poor Dumb Donny, he just doesn't understand that Powell doesn't work for him...