The Federal Reserve defied President Trump by hiking interest rates by a quarter point amid concerns about inflation. Meanwhile, Trump continues to downplay the affordability crisis. University of Michigan Professor of Economics Justin Wolfers joins Peter Alexander to provide his insight.
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#Trump #FederalReserve #Economy
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Look at the fundamentals . The US has benefited from reliable raw materials and lower cost manufacturing from Canada for 75 years. Some of the raw materials can not be sourced in the quantities needed elsewhere. Trumps tariff war weakens American business interests and there will be a price to be paid by American citizens. Trumps vulgar approach has caused a negative reaction internationally that includes a boycott of American goods and services and even the emergence of Banking that excludes the US dollar. All these reactions point to a decline in US influence and financial control. How do any of these help create jobs in the USA ?
You want the people to side with the Fed??? Ha
"Terrible way forward" exactly describes Trump.
Rates were higher under Biden.
To correct the professor here….ah, the whole Republican Party has been behind trump for over ten years with a few defections. To help the guy out, here are some key points he and all others should consider: 1) Trump does not care about the country nor the population (please try to digest this because when you do, everything he says makes perfect sense); 2) He has no allegiance to the Constitution, the rule of law or justice (but he has the Fascist 6 on the Supreme Court to provide cover for him and do much of the dirty work as well as other judicial swine; 3) Trump only cares about himself and perhaps his family….everything else he says is just a lie; 4) His favorite folks are all dictators (or have you not notices??!!); 5) He lies about everything all the time because as he has actually said (an this is true based on actual video accounts); A) His secret is 'disinformation'; B) When he promotes this, a lot of folks belive him as the gullible idiots they are; C) he stated publicly at one of his rallies a couple years ago or so two his audience : 'I don't really care about you, I just want your votes' and the crowd cheered him??; D) Trump's never going to be prosecuted just like Nixon or Reagan…because the Dems will just say….we don't want to put the country thru more torment, (but they were willing to accept 10 years of Diaper Donny doing the same). In other words, the chances of the U.S avoiding a deep recession is not almost negligible. D) See 'A' if you still do not get Diaper Donny.
THE FED OWNED YOU UNTIL TRUMP. WATCH AND LEARN ABOUT YOUR FINITE MONETARY SYSTEM BEFORE IT’S TO LATE FOR YOU. Having a Brit explain their version of international theft is priceless.😂 Get some real history people! FFS!
Where is gas $2? Another Trump lie. 70 million Americans voted for this one.
Make membership free. Your marginal cost is free. Stop being the very corruption you ask us to believe you fight.
MAGA has destroyed America
Tariffs is not the future 😮 its the end 😢
77 million Americans voted for him. They will vote for him again. This country is doomed.
It’s not bizarre, it’s effective. Trump and his handler’s are trying to rank America and bring down any other democracies he can.
Repent, invite Jesus Christ into your heart, read his WORD, and obey him that he may save you, and believe his promises, and they will come to pass in your life.
The United States is Babylon, and will be destroyed, if you don't believe it read Revelation 17-18, Oh! the other part of the devil's Kingdom hides in, is false Churches, Religion that claim to be Christian. You can be standing in one of those Churches, and they will be doing the exact opposite Jesus Christ and God (I am that I am) said to do, and not to do.
In the past, America was not importing non believers, Muslims Hindus, Buddhist, you didn't see Psychic shops springing up in every City, Marriage was just between a Man, and a Woman, it was illegal to commit Sodomy, and parents, and School Principals were allowed to spank Children. Now we have a Government that is un-Godly, it is for everything God is against, Read Luke 4:4-6, the Kingdom of Darkness has been hiding in plan sight, your Politicians, World Leaders, and Dignitaries, and stupid people have put their faith in them, but should have follow Jesus Christ and kept their faith in him, I am that I am (God) Jesus Christ, the Holy Spirit, and the WORD of God.
I will end inflation on day one, I will bring down grocery prices on day one, I will end the Russia-Ukraine war on day one, my new healthcare plan is just a few weeks away (said that in 2017), Mexico will pay for the wall, I will eliminate the federal debt, I will start no new wars, I will release the Epstein files, blah, blah, blah…. 🤣🤣
When a hundred has the power of a 10. And a ten becomes a 1. A one becomes a dime. You see what letting sports idolatry is worth. People need to register to vote the bums out. If they want to watch games instead, ok, say goodbye to your 401k. It's going to get raided by banker shorts by their algorithms set up from spiking rates up and oil up.
What were the economic "Pillars" in place when America had a vibrant economy? We had our currency backed by Gold, we had all our factories in the United States, and we weren't making junk to break like it is now, no, instead we made the best of everything, what a difference. The Government, and the American people were not spending money they didn't have, there were no credit cards, and debit cards, everything was better by "leaps and Bounds" The Debt to Income ratio was very low, and the Interest rates were low. Now the Government is trying to manipulate an economy through just raising and lowing Interest rate, either they're stupid, or they are hoping the American public is stupid, which is it?
The economy first, do you really think the economy can be manipulated through interest rates to be a vibrant economy again?, and you only have a Service economy to work with? American has a lot of really smart people, but either they are keeping silent, or they aren't bothering to think things through.
The U S Government turned on the American people a long time ago, it has no intentions of fixing the economy, it has no intention of cultivating a God fearing, Jesus Christ believing public, and it has no intention of winning a war with China, and Russia.
Scotty: I am the house now; The market: hold my beer;
I actually look at economists; they are always wrong, always. This bozo undoubtedly predicted an increase in inflation with the increase in tariffs last year and a depression, for sure……
MORE TRUMP LIES AND TRUMPFLATION !!!
The first “great American Tragedy “was slavery,the second “Great American Tragedy “is the trump government. Will our country survive this time ???
Trump accidentally again highers a Sane Fed Head.
That's the same thing Satan did in the Book of Job, metaphorically breaking us economically.
That was an economist? The drunk at my local bar is more objective than this clown. I don’t say this to defend Trump but the Central Bank is no friend of the American people. It was the Federal Reserve printing money during Covid that created this inflationary disaster.
Inflation makes the rich richer so they want more Inflation the top 1% love it
TDS 😂
A Prof from Michigan😅 what could be slanted….errrr…wrong.
tRump himself, and his policies are no more than turds floating in a punch bowl!
Hey fool when we are done, there will not be a federal reserve
Who is stupid idea was it to change where the comments are read?
People, Vote Blue 💙 November is approaching 😊 support your Democrat people 💙
I'm curious what Platypus economics are? Oh! Rachel Maddow, now this bit has total credibility. I didn't realize we have no Americans to teach economics in Mich. We need to hire an Australian. Perfect.