Of all the appointees that President Trump made in his first term, the one he may regret the most is Federal Reserve Chair Jerome Powell. With a year left in his tenure and a clear reluctance to help America through these tough times because of political reasons, Powell must decide whether to lose face and do what’s right or continue to defy economic common sense.
President Trump isn’t making it easy on him, launching another attack on Truth Social,
“Preemptive Cuts” in Interest Rates are being called for by many. With Energy Costs way down, food prices (including Biden’s egg disaster!) substantially lower, and most other “things” trending down, there is virtually No Inflation. With these costs trending so nicely downward, just what I predicted they would do, there can almost be no inflation, but there can be a SLOWING of the economy unless Mr. Too Late, a major loser, lowers interest rates, NOW. Europe has already “lowered” seven times. Powell has always been “To Late,” except when it came to the Election period when he lowered in order to help Sleepy Joe Biden, later Kamala, get elected. How did that work out?
Some may think that President Trump is not helping his cause, but perhaps he really is. Some have speculated that his true intention is to drive down the U.S. Dollar to get his trade deals done before getting it back up to a position of strength.
Who knows? It’s just fun to watch.
