The
Chairman of the Fed probably has handed the nails and hammer to Trump for his
firing coffin
Finally
having an epiphany that tariffs do not cause inflation and the towel to not lowering
interest rates tossed in
The
Fed’s refusal to cut interest rates has caused household budgets a great deal
of stress
Spending
too much on interest for cars, homes, credit cards and personal loans forced
for other goods and services to spend less
Powell
has been blinded not by Rockne’s Four Horsemen of the Apocalypse who on
opposing football teams preyed
But
Trump’s Four Horsemen of economic
growth and price stability: tax cuts, deregulation, strategic energy
dominance and fair trade
Already in the doghouse for his costly $2.8
billion renovation of the Fed’s Headquarters Taj Mahal
He has been under attack because of his views
on inflation to be caused by tariffs that would cause rampant inflation and the
dollar’s purchasing power to fall
Despite his distaste and dislike of Trump and
his policies he has admitted his error
So we should see a rate cut in September of
maybe 50 basis points to cripple the high interest terror
Look for the housing market and cars sales shoot
up like rockets
And those consumers with credit card balances
and personal loans have at month end more money in their pockets
The left is concerned about Trump’s threats to
fire Cook and Powell as the independence of the Fed to destroy
Powell’s epiphany and the near expiration of
his term may have insured his full term he will enjoy
And Cook after the DOJ referral for mortgage
fraud has a reprieve until the referral into a mortgage fraud indictment turns
She will probably succumb to pressure to resign
before the end of her term
© 8/27/2025 Michael P. Ridley aka The
Alaskanpoet
No comments:
Post a Comment