Sunday , November 17 2024
Home / Mike Norman Economics / Trump bemoans high interest rates and indicates he might pressure Fed to lower

Trump bemoans high interest rates and indicates he might pressure Fed to lower

Summary:
CNBC here…Again politics.. You knew this was coming.. can’t wait to now watch all the political biased leftist MMT people flip and join with the monetarist morons and start to advocate for higher interest rates in response.. wait for it…“Interest rates are very high. They’re too high. People can’t buy homes. They can’t do anything. I mean, they can’t borrow money,” Trump told MTP host Kristen WelkerUsing the platform formerly known as Twitter, Trump often berated Fed officials, once calling them “boneheads,” and compared Powell to “a golfer who can’t putt.” Those remarks came while the Fed was raising interest rates in 2018 and 2019. “We do know that I put a lot of pressure on him,” Trump told Welker. “It was outside pressure, because nobody knows whether or not you can really do that,

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Robert Vienneau writes Another Hayekian Triangle Not Supporting The Austrian School

Joel Eissenberg writes Access to medical care: right or privilege?

NewDealdemocrat writes Production turns more negative

Bill Haskell writes Lawler: Early Read on Existing Home Sales in October

CNBC here…

Again politics.. You knew this was coming.. can’t wait to now watch all the political biased leftist MMT people flip and join with the monetarist morons and start to advocate for higher interest rates in response.. wait for it…



“Interest rates are very high. They’re too high. People can’t buy homes. They can’t do anything. I mean, they can’t borrow money,” Trump told MTP host Kristen Welker


Using the platform formerly known as Twitter, Trump often berated Fed officials, once calling them “boneheads,” and compared Powell to “a golfer who can’t putt.” Those remarks came while the Fed was raising interest rates in 2018 and 2019.

“We do know that I put a lot of pressure on him,” Trump told Welker. “It was outside pressure, because nobody knows whether or not you can really do that, but I did, because I thought his interest rates were too high. And he ultimately dropped his interest rates.



Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *