Fifteen minutes after the April employment report hit early Friday, President Trump seized on the surprisingly strong job growth to ratchet up his pressure on Federal Reserve Chair Jerome Powell, saying there was no reason to hold off on cutting interest rates.
Comments
Reagan cut taxes and his fed chair, Paul Volker, took rates to around 20% to offset those cuts and tame inflation from Nixon taking the US of the gold standard.
Republicans are shit economists.
Studies show that,
unlike other presidents,
we all age a whole year
for every month
Trump is president.
When he's finally chased
out of town,
I'll have to be over 120!
I'll never make it.
Horrible job numbers would much more likely mean cut.
He's backwards. He just wants a rate cut no matter what
The bond vigilantes will save us.
Then, really stick it in your ass when they cut regulations on the banks , yet again.
Fucking insane
The question is who is cooking the employment numbers while forgetting to boil the corresponding average wage data.