by Summary:
If he can get back in, would be substantial fiscal stimulus… Trump at least talking about economic proposals Dems just talking about all the transgender and climate nutter stuff while prices for real items remain elevated, unemployment rate keeps rising and rate of job creation keeps falling…[embedded content]Trump telling Powell at the Fed not to modify the policy rate before the election if he wants to finish his term if Trump gets back in…. Prediction markets now 100% probability of a cut in September so looks like Fed is going to reduce the rate before the election…Trump will then claim “election interference!” and will probably then get in front of it by promising to fire Powell on day one and guarantee a new Fed chairman who will immediately lower the policy rate to a point where
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If he can get back in, would be substantial fiscal stimulus… Trump at least talking about economic proposals Dems just talking about all the transgender and climate nutter stuff while prices for real items remain elevated, unemployment rate keeps rising and rate of job creation keeps falling…[embedded content]Trump telling Powell at the Fed not to modify the policy rate before the election if he wants to finish his term if Trump gets back in…. Prediction markets now 100% probability of a cut in September so looks like Fed is going to reduce the rate before the election…Trump will then claim “election interference!” and will probably then get in front of it by promising to fire Powell on day one and guarantee a new Fed chairman who will immediately lower the policy rate to a point where
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Mike Norman considers the following as important:
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Trump telling Powell at the Fed not to modify the policy rate before the election if he wants to finish his term if Trump gets back in…. Prediction markets now 100% probability of a cut in September so looks like Fed is going to reduce the rate before the election…
Trump will then claim “election interference!” and will probably then get in front of it by promising to fire Powell on day one and guarantee a new Fed chairman who will immediately lower the policy rate to a point where the 30-year mortgage rate immediately goes back to 3% where it was when he left…
So Trump proposals will be: no tax on tips, no tax on Social Security, and a return to the 3% 30-year mortgage rate…