Trump, who appointed Jerome Powell as Fed chair, has called for lower interest rates and said the president should get a say on the Fed's rate decisions.
  • satanmat@lemmy.world
    231·
    3 days ago

    “failed to stop the problem they created with Inflation.”

    Yes… that pesky problem they created… they created?

    Dear god how do you look at him seriously?

    • technocrit@lemmy.dbzer0.com
      4·
      2 days ago

      The Fed did contribute greatly to inflation with more than a decade of loose money for capital.

      But like other people said… They raised rates to try to stop it. It’s most likely not going to help inflation to lower rates.

      In general it’s an intentional boom/bust cycle that profits capital while impoverishing normal people via inflation.