The rate Powell controls, the rate Trump wants him to set, the rate the article is referring to, is the federal funds rate, which is determined by the fed and the fed alone.
I feel like perhaps you’ve confused this with some other rate? Otherwise what you are saying doesn’t really make sense.
No, I assure you I’m not confused. Powell will raise the government lending rate if the trump caused monetary inflation continues at its current pace. Just like he did during COVID.
Got it. It sounded very much like you were saying the rate would go up in response to inflation, not that Powell would raise the rate as a response to inflation. Which would definitely cause things to come to a head between him and Trump. If he does that, it might be the last rate move he gets to make.
I’m just watching from the sidelines with popcorn. Nothing I have any say over.
Things are already at a head. That’s why trump is trying to take things to the court of public opinion, and furiously pounding the table all the while. He knows he doesn’t have the power to change things, and is throwing a tantrum
Depends. If it’s crashing due to currency inflation, rate goes up.
The rate Powell controls, the rate Trump wants him to set, the rate the article is referring to, is the federal funds rate, which is determined by the fed and the fed alone.
I feel like perhaps you’ve confused this with some other rate? Otherwise what you are saying doesn’t really make sense.
No, I assure you I’m not confused. Powell will raise the government lending rate if the trump caused monetary inflation continues at its current pace. Just like he did during COVID.
Got it. It sounded very much like you were saying the rate would go up in response to inflation, not that Powell would raise the rate as a response to inflation. Which would definitely cause things to come to a head between him and Trump. If he does that, it might be the last rate move he gets to make.
I’m just watching from the sidelines with popcorn. Nothing I have any say over.
Things are already at a head. That’s why trump is trying to take things to the court of public opinion, and furiously pounding the table all the while. He knows he doesn’t have the power to change things, and is throwing a tantrum