The “Manipulator in Chief” — a business genius with six bankruptcies under his belt — now gearing up to run the U.S. economy like one of his failed casinos.
In the coming “#Trump #Stagflation,” the #FED might as well take a sabbatical, especially if His Royal Hairness installs another loyal court jester to nod on cue.
Who needs central bank independence anyway, when the only policy that matters is: Make America Great Again… for the donors?
https://www.youtube.com/watch?v=KTck5Y9Kl64
In the coming “#Trump #Stagflation,” the #FED might as well take a sabbatical, especially if His Royal Hairness installs another loyal court jester to nod on cue.
Who needs central bank independence anyway, when the only policy that matters is: Make America Great Again… for the donors?
https://www.youtube.com/watch?v=KTck5Y9Kl64
YouTube
Trump Says Next Fed Chair Will Be 'Somebody That Wants to Cut Rates'
President Donald Trump said he would choose a successor for Federal Reserve Chair Jerome Powell who wants to cut interest rates, a condition that would strike at the heart of the central bank’s independence.
“If I think somebody’s going to keep the rates…
“If I think somebody’s going to keep the rates…
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The latest #FOMC Minutes read like a script from Eyes Wide Shut: Central Bank Edition—a foggy mix of confusion and cautious optimism.
The FED’s not quite sure how tariffs will shake out, but one thing they do agree on is this: growth’s going to hit the brakes. As for the balance sheet?
Apparently, shrinking it is going great... if you ignore that it’s still hovering near pandemic-era highs and $6.2 trillion in size. Most of the runoff has quietly drained from the Reverse Repo facility—because why upset reserves when you can slowly bleed the plumbing instead? Survey respondents now expect the runoff game to end in February 2025, conveniently after the election circus wraps. Until then, the #Fed continues its magic trick: pretending $2.9 trillion in reserves and a still-bloated balance sheet mean "mission accomplished."
The FED’s not quite sure how tariffs will shake out, but one thing they do agree on is this: growth’s going to hit the brakes. As for the balance sheet?
Apparently, shrinking it is going great... if you ignore that it’s still hovering near pandemic-era highs and $6.2 trillion in size. Most of the runoff has quietly drained from the Reverse Repo facility—because why upset reserves when you can slowly bleed the plumbing instead? Survey respondents now expect the runoff game to end in February 2025, conveniently after the election circus wraps. Until then, the #Fed continues its magic trick: pretending $2.9 trillion in reserves and a still-bloated balance sheet mean "mission accomplished."