President Trump is not backing off his criticism of Fed Chair Powell, issuing an even more tersely worded post on TruthSocial this morning, demanding "pre-emptive cuts" and questioning why Powell cut rates drastically into the election... and not now...
"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?
Many agree with Trump's sentiment, but, of course, The Fed's so-called "independence" keeps being trotted out as some holy writ that must never be challenged.
