top | item 46582563

(no title)

spamizbad | 1 month ago

It's also for very stupid reasons: The fed dropping rates to the degree that would satisfy Donald Trump would greatly accelerate inflation which in turn would further upset voters, who would in turn blame Donald Trump (just like they did Biden before).

discuss

order

Loughla|1 month ago

Is it just a cynical view that enough voters can be convinced it's the other side at fault?

Someone who supports trump, please let me know the logic on this. Genuinely. I'm trying to read other places about these charges but they're just so slanted that they're not really trustworthy. Is there anything to this, or is it really just to pressure the federal reserve?

loeg|1 month ago

I don't think it's that deep or that Trump is even thinking ahead. He just wants the rates to be lower.

SpicyLemonZest|1 month ago

I implore you to stop being credulous before it's too late. Trump supporters deeply believe, and are not shy about saying, that anyone who stops Trump from achieving his political goals should be imprisoned or murdered.

derangedHorse|1 month ago

I don't support Trump but I see the reasoning him and Bessent have. They want to lower the interest rate so that they can also drop the rate at which they issue debt/treasuries. They seem to think they are too financially constrained but will bankrupt themselves even faster if they hold big treasury auctions at today's rates.

It'll also lead to the general public feeling inflationary impacts. I think the government would cut relief checks to mitigate this and stir public sentiment their way, but it probably wouldn't be enough to maintain current standards of living.

crystal_revenge|1 month ago

> would further upset voters

I continue to be surprised by people who have seen things unfold as they have over less than a year of this administration and still somehow believe we'll continue to have "free and fair" elections anytime in the near future.

We have over, and over again seeing virtually all of the "checks and balances" we learned about as kids being overridden without consequence.

This community of all other should be aware of how easy it is to exert total control of information (I'm still surprised this article is on the home page). Everyone consumes almost all of their information through digital, corporate controlled means. Even people getting together a organically socializing in bars, something that was common 30 years ago, has been replaced with online interactions. Trump does not need mandate from the people to continue to rule the country.

SpicyLemonZest|1 month ago

We've had a number of free and fair elections in the past year, including some where the Trump-supported candidate lost. That doesn't mean we're out of the woods, but Trump has not historically been willing to go out of his way to protect the electoral fortunes of people who aren't himself, and at least some of his allies are well aware that the peace and security we presently enjoy is not guaranteed in a post-democratic US.

bediger4000|1 month ago

blame Donald Trump (just like they did Biden before)

Respectfully disagree. Republican presidents get a lot more economic leeway than Dem presidents, especially from the media. This has puzzled me my entire adult life. Inflation will bother media and public, but not to the same extent it did 2021-22.

overfeed|1 month ago

> This has puzzled me my entire adult life.

Big media works for the capital class, community newspapers and other forms of local news that are largely pro-public have been gutted. The remaining large-ish public media orgs (PBS, NPR) are currently under attack to consolidate corporate-friendly agenda-setting.

SpicyLemonZest|1 month ago

The last time inflation was that high was 1973-1982, and the incumbent lost both presidential elections within those years.

voidfunc|1 month ago

Im not convinced Trump cares anymore. For whatever reason that may be, he has decided there is nothing that can stop him at this point. There is no congress or court that will hold him accountable. His supporters are unwavering and drunk on unchecked power right now.

wmf|1 month ago

There's no inflation if they don't publish the data.

cal_dent|1 month ago

especially as if the risk premium for the US increases because of the methods used to challenge Fed independence, the rates that truly matter, treasury yields, will increase causing limiting how much consumers can actually benefit from lower headline rates

spankibalt|1 month ago

The MAGA crowd and their lickspittles/enablers are so far removed from reality that they only believe their leader.

And many others will vote for system-wreckers (broadly: conservatives) again, because the democrats cannot fix much of the damage done within the next legislative periods, let alone just one... even if the miracle of a trifecta happens and SCOTUS loses its majority on top of it. Rinse, repeat.

quadragenarian|1 month ago

These are the very people who would help him rewrite history that yes he indeed did earn the Nobel Peace Prize as it is obviously and prominently displayed in his office, the words and records of the Nobel committee be damned.