Summary

Donald Trump criticized the Federal Reserve and its chairman, Jerome Powell, after the central bank kept interest rates unchanged at 4.25%-4.5%.

Trump blamed the Fed for inflation and urged rate cuts to ease borrowing costs.

Powell defended the decision, citing economic uncertainty and reaffirming the Fed’s independence.

Trump’s economic plans, including tariffs and tax cuts, have raised inflation concerns.

Powell also addressed political pressure, including an order to cancel diversity programs and the Fed’s withdrawal from a climate-focused group, insisting decisions were not politically motivated.

  • prole@lemmy.blahaj.zone
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    24 hours ago

    Why would that be hilarious? Because we would get to see morons like you learn in real time why it’s necessary?

    • HikingVet@lemmy.ca
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      23 hours ago

      Not american. It would be hilarious because it’s one of the institutions that made his rise to power possible.

      • Yodan@lemm.ee
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        21 hours ago

        Haha it would be soooo funny to crash the global economy you are right. Totally a lol moment for you and your loved ones!

        • shawn1122@lemm.ee
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          20 hours ago

          Doubt this would crash the global economy. The US dollar would lose value relative to other currencies, and this would have a global impact, but Americans would be hit the hardest. The average American family would have to stop buying eggs, for example.

          • WagyuSneakers@lemmy.world
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            19 hours ago

            This would hurt any country that holds large amounts of US debt like Japan and China.

            You clearly do not understand how interconnected the global economy is.

            • shawn1122@lemm.ee
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              9 hours ago

              You named two countries. It would certainly have a global impact bit the USians would be hit hardest by far.

          • JWBananas@lemmy.world
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            19 hours ago

            The average American family would have to stop buying eggs, for example.

            Bird flu is taking care of that already