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:
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www.cnbc.com
Poor Dumb Donny, he just doesn't understand that Powell doesn't work for him...
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Rates Spark: A Wednesday afternoon of drama from the US
And we show how the eurozone just does not care right now
think.ing.com
Fed news conference will be live streamed on CSPAN at 1:30pm CDT:
www.c-span.org
Federal Reserve Chair Holds News Conference
Federal Reserve Chair Jerome Powell holds a news conference on the latest regarding the national interest rate and economy, following the Federal Open Market Committee's monthly meeting that took place June 17-18.
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Trump says he may change his mind about firing Fed Chair Powell
WASHINGTON (Reuters) -U.S. President Donald Trump on Friday again floated the idea of firing Jerome Powell, the Federal Reserve chair he has long attacked over interest rates he wants lowered."I don't know why the Board doesn't override (Powell)," Trump wrote in a lengthy post on Truth Social criticizing Fed policy. "Maybe, just maybe, I'll have to change my mind about firing him? But regardless, his Term ends shortly."
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Not legally.
He can arm-twist - maybe with threats, maybe even with FBI files.
In THIS regard, Trump will have the full backing of the Deep State.
Because ZIRP adds speed and spice to the money-printing party.
We need HIGHER rates, not lower.
Mal-investment is one of the biggest problems we have, now. Money for 15 years cost nothing, so we had house-flippers, corporate raiders, corporate shell-game money-movers, buying back their own stawx.
You had retail savers, trying to grow retirement savings, destroyed - interest in banks was less than inflation. THAT leads to desperate retail pension-minded savers, going into stawx, not for the dividends, but hoping that the "growth narrative" includes whatever the "investment counselor" sold them.
Plenty of such people were wiped out with the GM bankruptcy, 18 years ago. Or on Chrysler preferred bonds, which the Chocolate Jesus wiped away, law and contract be damned.
That happens when safe, prudent SAVINGS vehicles do not pay.
Yes, high interest rates affect real estate prices. WHICH ARE IN A BUBBLE NOW, thanks to all the Free Money over time. That bubble can only pop - and the sooner, the better, because it will cause less harm if not delayed.
Mal-investment is one of the biggest problems we have, now. Money for 15 years cost nothing, so we had house-flippers, corporate raiders, corporate shell-game money-movers, buying back their own stawx.
You had retail savers, trying to grow retirement savings, destroyed - interest in banks was less than inflation. THAT leads to desperate retail pension-minded savers, going into stawx, not for the dividends, but hoping that the "growth narrative" includes whatever the "investment counselor" sold them.
Plenty of such people were wiped out with the GM bankruptcy, 18 years ago. Or on Chrysler preferred bonds, which the Chocolate Jesus wiped away, law and contract be damned.
That happens when safe, prudent SAVINGS vehicles do not pay.
Yes, high interest rates affect real estate prices. WHICH ARE IN A BUBBLE NOW, thanks to all the Free Money over time. That bubble can only pop - and the sooner, the better, because it will cause less harm if not delayed.
The problem we have today is a divergence between what the economy needs (higher rates) and what the government needs (lower rates to help avoid a fiscal doom loop while refinancing an expiring debt balloon).
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Swiss Central Bank Cuts Rates to Zero, Could Go Negative
The Federal Reserve has never dabbled in negative interest rate policy, although one must wonder if it will take that path during the next economic meltdown.
goldseek.com
Hate to say it, but the best argument FOR the FRB or a Central Bank, is, myopic, misinformed politicians like Trump.
And of course Trump is not a politician. And if another leader comes from nowhere (if we even have that much time ahead as a nation) it could be worse.
www.voteforjoe.com
Or, of course, the Lyndon LaRouche perma-campaign.
Bad as the Fed is, turning the nation's money supply and currency policy over to low-wattage pols, would be worse. Zimbabwe-level worse.
The authors of the Constitution had the answer - which has been reduced to dicta. "No State shall make anything but Gold and Silver a tender in payment of debts."
So, of course, we get everyone trying to show how clever they are, defeating this, and then creating new ways to fog the air and hide their money-printing. FRB, as the Money-Laundry, using government bonds as "backing" for the issue of scrip. Or, the Bitcoin Bro's! Everyone's got The Answer, while ignoring the real answer which gave us 120 years of incredible growth and development.
And of course Trump is not a politician. And if another leader comes from nowhere (if we even have that much time ahead as a nation) it could be worse.
www.voteforjoe.com
Or, of course, the Lyndon LaRouche perma-campaign.
Bad as the Fed is, turning the nation's money supply and currency policy over to low-wattage pols, would be worse. Zimbabwe-level worse.
The authors of the Constitution had the answer - which has been reduced to dicta. "No State shall make anything but Gold and Silver a tender in payment of debts."
So, of course, we get everyone trying to show how clever they are, defeating this, and then creating new ways to fog the air and hide their money-printing. FRB, as the Money-Laundry, using government bonds as "backing" for the issue of scrip. Or, the Bitcoin Bro's! Everyone's got The Answer, while ignoring the real answer which gave us 120 years of incredible growth and development.
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Trump’s war against the Powell Fed has taken another political turn
- Federal Reserve Chair Jerome Powell now heads into his next challenge: a potential threat that President Donald Trump could undermine his authority by soon naming his pick to head the central bank.
- In the wake of the intense criticism, Wall Street has been buzzing over the potential for a “shadow chair,” or someone Trump could install as a central bank gadfly until Powell’s term expires.
- A report indicated that Trump is considering naming the successor sooner than expected in an attempt to influence interest rate policy.
As Powell testified Wednesday before the Senate Banking Committee, holding generally cordial exchanges with lawmakers, Trump was at the NATO summit in The Hague lobbing his latest attacks on a man he had nominated for the Fed job nearly eight years ago.
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Related to the Fed
Nothing to see. Can listen in one tab and play around the forum in a different tab.
Alex Pollock, an expert on Federal Reserve policy, joins us to talk about how the Fed has backed itself into a very bad financial corner, and there is no painless way out.
Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard
44:49
Nothing to see. Can listen in one tab and play around the forum in a different tab.
The Federal Reserve Is Covering Up Its Financial Losses
Jul 3, 2025 Radio RothbardAlex Pollock, an expert on Federal Reserve policy, joins us to talk about how the Fed has backed itself into a very bad financial corner, and there is no painless way out.
Be sure to follow Radio Rothbard at https://Mises.org/RadioRothbard
44:49
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Opinion piece so take it fwiw and dyodd.
This wasn't supposed to happen. In fact, many said it was impossible up to and including central bank officials at the Federal Reserve. Yet, one of them, the head of the all-important New York branch, just released a report which say the market is taking ZIRP possibilities very seriously - and so should those at the highest levels of the Fed.
20:02
Article mentioned in the vid:
You Won’t Believe What the Fed Just Said About Interest Rates
Jul 8, 2025This wasn't supposed to happen. In fact, many said it was impossible up to and including central bank officials at the Federal Reserve. Yet, one of them, the head of the all-important New York branch, just released a report which say the market is taking ZIRP possibilities very seriously - and so should those at the highest levels of the Fed.
20:02
Article mentioned in the vid:
The Zero Lower Bound Remains a Medium-Term Risk - Liberty Street Economics
A look at the perceived risk of interest rates returning to the zero lower bound (ZLB) in the future.
libertystreeteconomics.newyorkfed.org
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Trump gets bad news on inflation
Inflation accelerated during June, coming in at 2.7 percent for the month, the highest reading since February, according to the U.S. Bureau of Labor Statistics. May's inflation was 2.4 percent.The acceleration in the CPI reading is bad news for U.S. President Donald Trump, who is pushing for the Federal Reserve to cut interest rates and stimulate the economy.
The Fed's Board of Governors has so far resisted cutting rates to see how Trump's tariffs affect prices, concerned that summer would see a spike in inflation.
Its target range is currently 4.25 percent to 4.50 percent after it was last cut by 25 basis points in December 2024. The Fed has a dual mandate to maintain full employment and stable prices.
More:
https://www.msn.com/en-us/money/mar...ews-on-inflation/ar-AA1IDTck?ocid=socialshare
Rock meet Hard Place. Chooose wisely... well it doesn't matter.
Squish.
Squish.
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Trump says it's 'highly unlikely' that he will fire Jerome Powell
Jul 16, 2025 #trump #jeromepowellPresident Donald Trump said Wednesday it is “highly unlikely” he'll fire Federal Reserve Chairman Jerome Powell “unless he has to leave for fraud” — less than 24 hours after he indicated in a private meeting with Republican lawmakers that he's leaning toward doing just that.
1:38
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Unraveling the legal, economic and market ramifications if Trump tries to fire Fed Chair Powell
- If President Donald Trump tries to fire Federal Reserve Chair Jerome Powell, it would set off a courtroom battle that would likely head to the Supreme Court.
- Most people familiar with the situation say Powell would sue if Trump tries dumping him.
- Despite seemingly low chances of success, going after Powell still could serve a political purpose for Trump.
- Even if the Fed did cut rates, it could do more harm than good to Trump’s goal of lowering finance costs on the national debt.
The tempestuous situation poses a myriad of thorny questions for which there are no easy answers considering no president ever has tried to unseat a Fed chair.
Among them:
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Are US tariffs starting to bite? Trump, in denial over rising prices, targets Fed chief Powell
The White House is trying to drive out the Federal Reserve chair. Critics warn it would be a costly bid to pass the buck
Actually, I have come to the conclusion that Trump doesn't want to fire Powell, he just wants to blame his failures on someone else. Trump's knows he is fouling up and he needs a scapegoat.