The Fed has the responsibility of stabilizing prices and maximizing employment. Powell has held its benchmark rate for overnight loans constant this year, saying that Fed officials needed to see what impact Trump’s massive tariffs had on inflation.
The Fed has the responsibility of stabilizing prices and maximizing employment. Powell has held its benchmark rate for overnight loans constant this year, saying that Fed officials needed to see what impact Trump’s massive tariffs had on inflation.
Translation:
Powell won’t let me crash the bond market and cause hyperinflation (in comparison to foreign currencies, at the very least), and that makes me MAD!!!
Seriously, if Trump somehow gets his way and rates end up being cut down to 0-1%, the US will basically immediately see a whole bunch of failed bond auctions, and then the only ‘solution’ is hyperinflation.
Exactly. The only people lowered rates helps is the rich. When you lower rates, spending increases which is the main cause of inflation.
Fuck me I’m almost out of here then I’m getting a foreign bank and transferring everything. At least if Sweden’s money tanks I can tank with my neighbors instead of watching the USD and my life savings evaporate disproportionately to where I’ll be living
I left, but I still have a fair amount invested in the US because I don’t know how to get it out
lol, may I only half jokingly suggest money laundering via purchases and sales of artwork through a non profit?
Seems to be effectively legal, though a bit riskier in terms of bang for your buck these days.
Wish I could go with you.