Mike Norman Economics

This is 100% pure BS…. They surely want the Fed to lower the rates… don’t believe it…Bloomberg: Treasury Secretary Scott Bessent says he and Trump are focusing on 10-year Treasury yields—not Fed policyhttps://t.co/rIUuEBHUAK pic.twitter.com/quBnoYdwsg— Lance Lambert (@NewsLambert) February 6, 2025

It was 2020, and Trump was responding to a question about a $6.2 trillion fiscal package (emergency COVID spending plus day-to-day operations). The reporter might have been confused about where the money was coming from, but Trump wasn’t. “The beautiful thing about our country is…we can handle that easily because of who we are—what we are—it’s our money…it’s our currency,” he explained.…Understanding what it means to issue a sovereign currency is at the core of Modern Monetary Theory...

Other Fed members already mentioning more rate cuts.

Trump wants the government to make money here, there and everywhere. So give that money back to the people. 

Spending cuts only save taxpayers money when they are offset with tax cuts. 

Trump backtracks on tariffs. New highs coming.

Politicians on both sides of the Atlantic are once again talking about rolling back banking regulations to kick-start growth. This article is a timely reminder of why those regulations exist.MMT101.ORG - Learn Modern Monetary Theory (MMT)Your 4-Step Guide to Understanding the 2008 Financial Crash & Subsequent Recession — From a Modern Monetary Theory (MMT) PerspectiveJim Byrne | MMT Scotland

Where was this play in the Art degree Keynesian free market fundamentalism playbook?  I thought the Canada people were just supposed to add the tariff onto the price of the products?  Instead they are removing the products from inventories… going to create a glut of these products in the US and US prices are going to fall to get rid of it … no “inflation!”… ?Canada’s biggest province said it will remove American products from its government-run liquor stores as part of its response to...

LOL … then according to Art degree monetarists they should reduce the rate to figure of speech  “counter the headwinds!”.. which is what Trump wants them to do in the first place… We read the transcripts of the Fed's 2019 meetings so you don't have to, and here's the main takeaway: The headwinds they felt from Trump's tariffs were strong https://t.co/57LOVFGjbn— Bloomberg Economics (@economics) February 2, 2025

This is an unprecedented and dangerous move.