Interest rates

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JDs Couch

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Powell himself said he would've lowered interest rates in February but for the fact of Trump's tariff chaos. So that means that if you have credit cards, car loans, you've been paying more for 6 months now because of one human being -- Donald Trump, and the chaos he causes.
 
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You should consider self immolation as a means to show us how serious you are about the orange menace. I just don’t get the impression your getting through to anyone with words and meme carpet bombing
 
IMO Trump is being irresponsible in calling for lower rates. Powell shouldn't have lowered rates last fall either.
 
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Brokers & Lawyers want lower rates as they benefit most.
Lower rates plus tariffs cause inflation & prices to soar and recession at the expense of working class..
Likely recession next year anyway and sicker people losing their health care.
dRump care about his swamp and thats it. You can read him like a book, not complicated.
If its nafarious, corrupt harmful & dishonest he's all in.
 
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MadAsAHatter said:
Weren't we supposed to have a recession and everyone dying in the streets 10 times over by now? Seems like more crying wolf by those with TDS to me.
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And it seems, here at least, the ones doing most of the crying understand very little about economics.
I agree the president shouldn't be bullying the fed chairman to do anything with interest rates. It sets a stupid precedent and the president is not an economist.
 
Floyd Eye said:
And it seems, here at least, the ones doing most of the crying understand very little about economics.
I agree the president shouldn't be bullying the fed chairman to do anything with interest rates. It sets a stupid precedent and the president is not an economist.
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Agreed, Trump doesn't need to be trying to bully the fed over the interest rates. I don't know enough about it to say one way or the other. Though I do wonder how much of the fed's decision is based on analysis and how much is politically motivated.
 
MadAsAHatter said:
Agreed, Trump doesn't need to be trying to bully the fed over the interest rates. I don't know enough about it to say one way or the other. Though I do wonder how much of the fed's decision is based on analysis and how much is politically motivated.
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Well we know all of the president's decision is political based. It's definitely not because he's a great economist. I don't know much about Jerome Powell, but my guess is he is better qualified than Trump to make that decision.

In the big scheme of things it doesn't really affect people like us all that much.
 
Floyd Eye said:
Well we know all of the president's decision is political based. It's definitely not because he's a great economist. I don't know much about Jerome Powell, but my guess is he is better qualified than Trump to make that decision.

In the big scheme of things it doesn't really affect people like us all that much.
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The interest rate affects my retirement account to some extent, but does very little in my day to day life. I assume Jerome Powell knows enough about what he's doing to make decent decisions, at least more than Trump would really know what to do. With today's political climate and TDS running rampant sometimes it's hard to tell if some are doing what's best vs going after the bad orange man. I just hope for the best.
 
You guys have no idea what you're talking about. Not trying to stir the pot here, but interest rates effect everything. The price of money is the most important price there is. Powell is entirely competent, but his objectives may or may not be aligned with your or my desires (Or Trumps for that matter).

And to answer a previous question, the Fed makes decisions based on a combination of hard data AND political considerations, but they won't admit it.
 
Bad Brain said:
You guys have no idea what you're talking about. Not trying to stir the pot here, but interest rates effect everything. The price of money is the most important price there is. Powell is entirely competent, but his objectives may or may not be aligned with your or my desires (Or Trumps for that matter).

And to answer a previous question, the Fed makes decisions based on a combination of hard data AND political considerations, but they won't admit it.
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Neither Floyd nor I said they don't affect anything. We said it doesn't affect us much personally. For someone who has a fixed mortgage rate or paid off home, isn't looking to get a loan, doesn't carry debt, has fixed interest on bank accounts, etc., etc. wont see much change.

Like I said it would have an affect on my IRA to some extent. But outside of that I see no change in my personal day to day life or finances regardless of how the federal interest rate changes.
 
MadAsAHatter said:
Neither Floyd nor I said they don't affect anything. We said it doesn't affect us much personally. For someone who has a fixed mortgage rate or paid off home, isn't looking to get a loan, doesn't carry debt, has fixed interest on bank accounts, etc., etc. wont see much change.

Like I said it would have an affect on my IRA to some extent. But outside of that I see no change in my personal day to day life or finances regardless of how the federal interest rate changes.
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Sure, they affect everyone to a different degree depending on individual circumstances. But the aggregate effects of monetary policy on the country are greater than any single political decision, by far.

Edit: probably greater even than a given presidential race.
 
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Bad Brain said:
Sure, they affect everyone to a different degree depending on individual circumstances. But the aggregate effects of monetary policy on the country are greater than any single political decision, by far.

Edit: probably greater even than a given presidential race.
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Dude, someone doesn’t know what they’re talking about and it ain’t me. The fed rate is NOT “ monetary policy”.

You don’t have the kind of money for a quarter percent drop to mean a fucking thing to you. Unless you’re retiring next week and you’re looking at your retirement account.
 
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