The ECB is expected to cut interest rates for the 7th time, and yet, “Too Late” Jerome Powell of the Fed, who is always TOO LATE AND WRONG, yesterday issued a report which was another, and typical, complete “mess!” Oil prices are down, groceries (even eggs!) are down, and the USA is getting RICH ON TARIFFS. Too Late should have lowered Interest Rates, like the ECB, long ago, but he should certainly lower them now. Powell’s termination cannot come fast enough!
Funny enough one of his better appointees, he might have been a big reason US inflation wasn’t so bad after the pandemic, although Biden gets credit for keeping him instead of being a man-baby and firing everyone from the previous administration.
The “soft landing” was a downright miracle of economics. They predicted a recession due to inflation for the entirety of Biden’s administration, and it never happened; all because the Fed knew what they were doing.
Yup. And I’m familiar with other countries, especially ties to Japan who did not raise rates for a long time and felt it. Yet most people just don’t understand that.
Haven’t you heard? gEnOsiDe JoE kept him because he’s seekritly in league with the fascists just like all the LiBz!?! That’S why we can’t ever vote or have a national party until the whole thing is completely rebuilt from scratch and all businesses have been made the property of the worker. Which will probably take months!
The only reason this hasn’t happened yet is the DeMoNcRaTz keep accepting the devil MoneY from Corporate Fascism, otherwise we’d all be super happy and productive already except everyone in the history of America is evil and bad.
Or so I’ve been told.