Trump eases pressure on Fed Chairman Kevin Warsh as inflation tops 4% | Metals Mine

  • Trump eases pressure on Fed Chairman Kevin Warsh as inflation tops 4%

    From cnbc.com

    With inflation topping 4%, the Trump administration is easing off its long-standing calls for the Federal Reserve to immediately cut interest rates. That is giving new Fed Chairman Kevin Warsh an extended political grace period as he deals with a challenging economic environment, but underscores the depth of the pushback he could face if the mercurial president changes his mind. President Donald Trump said as recently as Wednesday that he wants the Fed to cut rates. Meanwhile several of the president’s top economic advisers have in recent interviews and writing stopped short of calling for near-term rate cuts, as ... (full story)

Comment Options
TrAndy1
3 hr ago
Permalink
Again he has no power to control Warsh or the FED. He cannot allow something where he has no power.
Reply
ffghost
3 hr ago
Permalink
Sure he can....just watch and see. *sarcasm, but only half joking*

First rule of politics: Are you losing? Then just move the goalpost and claim it a win.

If you shout "We're winning!" loud enough, the masses 'believe' it. The the narrative, rather than the reality, becomes the truth.....so long as things don't get really bad. But, by the time things get really bad, you'll have plenty of scapegoats lined up to blame.
Reply
chipsngravey
2 hr 50 min ago
Permalink
The old story of the emperors new clothes sounds familiar along those lines i think.
Reply
View 1 reply to ffghost
Hide reply to ffghost
View 0 more replies to TrAndy1
Hide replies to TrAndy1
Trader#4BF3
4 hr ago
Permalink
gold sell
Reply
Trader#E7AA
3 hr ago
Permalink
Buy now
Reply
Shamshizy
3 hr ago
Permalink
why buy
Reply
View 1 reply to Trader#E7AA
Hide reply to Trader#E7AA
View 0 more replies to Trader#4BF3
Hide replies to Trader#4BF3
Trader#15B0
4 hr ago
Permalink
He's busy coming up with a new pet name for Premmy Kevy
Reply
Trader#B290
2 hr 59 min ago
Permalink
Too bad we citizens have ceded power to the Fed.
Reply

  • Related Stories

US, Iran Hormuz communication line is to prevent military escalation: Press TV
From @zerohedge | 7 hr ago | 148 comments
*IRAN, US OPEN COMMUNICATION LINE TO COORDINATE ON HORMUZ: TV Iran's Press TV: A communication line between the US and Iran in the Strait of Hormuz has been established.
UAE issues phone alerts of potential missile threats
From @finsquawk_ | 6 hr ago | 109 comments
UAE ISSUES PHONE ALERTS OF POTENTIAL MISSILE THREATS UAE sends an alert saying the situation is now safe. Explosion sounds heard in Dubai News sources report hearing explosion sounds in Dubai. UAE SENDS ALERT SAYING 'PLEASE DISREGARD THE PREVIOUS WARNING'
Trump: IRGC shot at least four one way attack drones at ships transversing the Strait of Hormuz
From @realDonaldTrump | 4 hr ago | 46 comments
The Islamic Republic of Iran shot at least four One Way Attack Drones at Ships transversing the Strait of Hormuz. One of the Drones solidly hit the upper deck of a large and very expensive Cargo Carrying Ship. Damage was done, but the Ship was able to proceed on its way. We knocked down three other Drones. Obviously, this is a foolish violation of our Ceasefire Agreement. President DONALD J. TRUMP
  • Story Stats