Trump is pressuring the Federal Reserve to cut interest rates. This move- unprecedented in my lifetime- is the latest example of Trump violating longstanding norm of political independence - at the central bank & the Justice Dept etc etc #dictatorship abcnews.go.com/Business/tru... - ThreadSky

miafarrow.bsky.social • 80 days ago

Trump is pressuring the Federal Reserve to cut interest rates.

This move- unprecedented in my lifetime- is the latest example of Trump violating longstanding norm of political independence - at the central bank & the Justice Dept etc etc #dictatorship
https://abcnews.go.com/Business/trump-criticizes-federal-reserve-calls-lower-interest-rates/story?id=119982504

Comments

leeram.bsky.social•80 days ago

What ever happened with the Fort Knox "Checking if the gold is still there" statement? Wanna bet it's not there now?

lottie63.bsky.social•79 days ago

They used it all to make his toilet and matching tub & sink. Why does he even need a toilet, the asshole wears diapers?

leonjackson189.bsky.social•80 days ago

And dont you just love how Powell is basically telling Trump to “GET FUCKED” by his actions!?!?!???

dirkvdberg68.bsky.social•80 days ago

EVERYTHING with Trump is unprecedented. Every rule, every custom, every law flies out the window.

All that is left is Trumps law.

makemineblue.bsky.social•80 days ago

This is more of Trump trying to rule the Land of the Free. He won't be happy until he's wearing that crown. Strike that; he still won't be happy even after he gets that crown.
Resist the madness.

noodle557.bsky.social•80 days ago

A size 4x straitjacket
and
3 burly men
can
remove him
HUMMM
wonder what those
fired CIA guys are up to now...

christinathe12th.bsky.social•80 days ago

That thing is so gross sitting in My White House

erniepf.bsky.social•80 days ago

Filthy, yes.

carljungfranz.bsky.social•80 days ago

*

The dead-letter-literal-interpretation of the Bible,

white nationalists, evangelical Christian fundamentalists

elected the Antichrist,

their lord and savior Donald Trump.

The Christian fundamentalists

elected the anti-Christ President.

*

https://bsky.app/profile/peterbakernyt.bsky.social/post/3llyjnesxl22g

theskepticalone.bsky.social•80 days ago

I am tired of so much winning.

another-humanist.bsky.social•80 days ago

He did the same in his last term....but did not have the house..

why would he not now when he has both?

alp68.bsky.social•80 days ago

He's totally nuts.

thoughtcriminal.bsky.social•80 days ago

mrtmdc.bsky.social•80 days ago

Even the UK had enough sense to drop Liz Truss after she crashed the UK economy!

gr1m01r3z.bsky.social•80 days ago

Probably not until people are starving unfortunately, though I would’ve hoped for some pushback once it hit the wealthy’s wallets.

rpenman65.bsky.social•80 days ago

Well isn't that great all the hundreds of thousands of people who lost their jobs now might get lower interest rates on credit cards, mortgages and other things they have no money to pay for.

rpenman65.bsky.social•80 days ago

But when them overdrafts come they will charge a higher penalty. I suppose Diaper Don wants us to forget that 🤔

utomb.bsky.social•80 days ago

Hello Mia
Sorry if I have already posted this to you, please check my protest song about Dictator Adolf Trump and January 6th, if you like it please, give a thumbs up and share!

https://m.youtube.com/watch?v=iZ8mowuxX9U&list=PLAfAy9MwTMk-CSGFrQKLh2AnuJ0huRsIv&index=2&pp=gAQBiAQB8AUB

mimimagoo.bsky.social•80 days ago

And Jerome said Nope.

ianxz.bsky.social•80 days ago

If you are a manufacturer, you have choices.

You can abandon a foreign factory, build one here, accept losses, on the hope this isn't temporary.
OR
Swallow tariffs, slow sales, and lower profits.
OR
Support removal of politicians that destroy your business.

sayrephotog.bsky.social•80 days ago

qilora.bsky.social•80 days ago

He doesn't know how things go about, he is just making it up as he goes along ♥️🌿 bs"d

freddiefarkle.bsky.social•80 days ago

I believe he also did that in Drumpf 1.0 as well.

mstoerings.bsky.social•80 days ago

IMHO that is a side goal of the tariff threat; trying to back Powell into a corner to get the cut he's been crying for since November.
Powell is holding the line in this game of chicken; the majority of extortion tariffs are being negotiated so Powell won't cut for what hasn't happened.

fifiwitheyes60.bsky.social•80 days ago

He wants to tank the economy as fast as he can, all the while pillaging the country

lldurkin.bsky.social•80 days ago

I truly believe EVERYTHING he does is to stroke his ego and create chaos. He does things because he can, no forethought, no consequence. A truly disturbed man.

ericmichaelmoberg.bsky.social•80 days ago

The $6 trillion Trump-Tariff-Taxes are arbitrary and inflationary but not “reciprocal.”

Also, where is my $1 million DOGE rebate check from the 50% Pentagon cuts after ending the wars in Ukraine and Palestine?

https://www.cnbc.com/2025/02/13/defense-stocks-drop-after-trump-says-defense-spending-could-be-halved.html

jtbeep.bsky.social•80 days ago

Didn’t he do this the last time he was president?

beyond-hope.bsky.social•80 days ago

His damn tariffs, which are effectively regressive additional taxes, will cause our prices paid to increase, just like inflation.

weeton4.bsky.social•80 days ago

He has about as much clue about economics as a jellyfish has about brain surgery.

aleksa-milicevic.bsky.social•80 days ago

A dictator from day one onward.

jay10011z.bsky.social•80 days ago

Normally, the fed RAISES interest rates to slow business spending which often fuels inflation.

Maybe he thinks since tariffs are inflationary, he should counter that with lower interest rates.

I think he should leave the economy alone and “go home and take a nap”

🧑‍🍼🙂

philipjtaylor.bsky.social•80 days ago

https://bsky.app/profile/eliothiggins.bsky.social/post/3llyrokj3oc22

thor-rex.bsky.social•80 days ago

Very sovietic

lynndaj.bsky.social•80 days ago

Oh! He's so horribly stupid!

djszumylo.bsky.social•80 days ago

Requesting the Federal Reserve to lower interest rates as a means to divert responsibility for the market decline is nothing short of absurdity.

cntrydncr.bsky.social•80 days ago

He needs to stop messing with the economy

jbondage.bsky.social•80 days ago

Along with tariffs putting pressure on interest rates too. This is their plan. The get interest rates down so they can rollover upcoming debts at a lower rate. At least a theory of what is going on. If they have a plan at all.

cooljenim.bsky.social•80 days ago

WOULD TRIGGER AN INSTANT SKY ROCKETING INFLATION...

kathipixley.bsky.social•80 days ago

He crashed the economy to get the rates down. He’s such a pig.

realcombatsystem.bsky.social•80 days ago

Stable genius.

lottie63.bsky.social•79 days ago

I'm surprised that he wasn't booted out of England. No one walks in front of the queen. It is so disrespectful. I hope that they won't allow him back. Don't they have a law about letting felons visit the country?

noyoudin.bsky.social•80 days ago

Trump is to economics as cancer is to health

auralsects.bsky.social•80 days ago

He's to stupid to realize that would be the nail in the coffin, setting us up for the inevitable Trump-pression.

hoffnagel.bsky.social•80 days ago

It’s got to be purposeful.

catblack69.bsky.social•80 days ago

If anything, the Fed will need to RAISE interest rates to combat Trump’s inflation.

mikie345.bsky.social•80 days ago

Why doesn't he just tell the stock market to quit going down?

louisnielsen18.bsky.social•80 days ago

Trump starts the fire, then asks Powell to put it out by lowering interest rates. Which will only raise inflation. With stagflation to follow.

spartaladysusan.bsky.social•80 days ago

https://bsky.app/profile/spartaladysusan.bsky.social/post/3llyxouoby22e

ryangermann.bsky.social•80 days ago

So masses of people in a cratering economy can feel confident in taking out loans but the interest rates will skyrocket at some point? That makes sense.

jacksez25.bsky.social•79 days ago

After posting China has panicked, Trump panicked and calls on the fed to bail him out

732lighthouse.bsky.social•80 days ago

Reputable professionals agree Donald Trump is a failed businessman. After depleting family fortune he was bailed-out by overseas oligarchs. Trump’s practices are shady/illegal/immoral. Deviant Donald is UNFIT/UNQUALIFIED/UNHINGED. Trump & team are totally terrifying‼️

helen-jeannine.bsky.social•80 days ago

devon123.bsky.social•80 days ago

It’s inevitable that Trump will attempt to fully end Fed independence. No fascist would allow others to set monetary policy.

priceyjlyn.bsky.social•80 days ago

He thinks he’s an economist. 🤣🤣

howlowcanyougo.bsky.social•80 days ago

Yeah Powell ain't having any of that

btoreo.bsky.social•80 days ago

He’ll dump Powell, wait and see.

tonyreynolds.bsky.social•80 days ago

He is clueless as to how to run a country. Lots of talk but no thought behind the words.

ktumulty.bsky.social•80 days ago

Actually, not entirely unprecedented, but I don't think it has ever worked: https://www.nytimes.com/1992/06/24/business/bush-calls-on-fed-for-another-drop-in-interest.html

gengiskhan.bsky.social•80 days ago

dennisobell.bsky.social•80 days ago

I'm pretty sure the general rule of thumb is that when a country's economy is beginning to bomb, you don't cut interest rates. Usually, it's the exact opposite to slow down spending.

creepychick.bsky.social•80 days ago

How does he expect…

never mind.

chucky5591.bsky.social•80 days ago

He can't read. He does math at a third grade level. And he is the spawn of Satan. So there's that.

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