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As Trump Demands Rate Cuts, ‘JEROME’ Warns On Stagflation
As US stocks plunged again on Friday, Donald Trump had a message for Jerome Powell.
"This would be
Can’t we all recognize trump’s genius crashing the markets and the economy… that will surely bring deflation and the lower interest rates he demands!
You and others have been suggesting stagflation for a long time, now. Nine months ago stagflation was a new concept to me, not any more. I’m a beginner at macro economics. I’m here to learn. I spend more time googling definitions, learning concepts, than I do actually reading articles. I have come a long way, thanks to all contributors – helps me stay young and understand what is actually happening as I begin my octogenarian years! Appreciation!
Putin. Russia’s economy is already where everyone else’s is now heading.
Occam’s Razor says it’s unlikely.
As a Manhattanite (me) circa 90’s-00’s it was well known Trump was never accepted by the “It” crowd (Dem/Hollywood). He was in the room, but was considered the creep in the room.
Trump has always desperately wanted to be accepted by the “It” crowd which is likely the why behind presenting himself as a Democrat.
I’d suggest his recent efforts (over the past decade) are a combination of grift and retribution. Some people are just evil at their core.
Trump could make this worse by trying to seize control of the Fed. He’s melting down in the WH now, I wager, looking for someone/thing to lash out at. Let’s hope Bessent has even a little bit of influence.
But perhaps not (MSNBC article)
“My sources say that Scott Bessent is kind of the odd man out here and, in the inner circle that Trump has, he’s not even close to Scott Bessent or listening to him,” she told host Joe Scarborough. “Some have said to me, he’s looking for an exit door to try to get himself to the Fed, because in the last few days he’s really hurting his own credibility and history in the markets.”