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Trump is trying to push out Federal Reserve Chairman Jerome Powell so that Trump himself can dictate interest rates. It's a an incredibly difficult job, that requires analyzing reams and reams of economic data to determine the precise rate that is not too cold (recession!), not too hot (inflation!), but just right.
Further, changes in the rate take time to have an impact. So you're basically shooting at a moving target that won't arrive for months, if not years.
There is no way in hell we should let Trump drive this. [ [link removed] ] [ [link removed] ]
This is the guy with 6 bankruptcies to his credit. The guy who lost $1 billion in single year. The guy whose head would explode like the bad guy in "Raiders of the Lost Ark" if he even tried to look at data.
This is the guy who LOST money in gambling, steak and vodka — three of the most awesome things ever. You may have issues with Powell or the Fed itself, and I get that. But we’re at a fork in the road, and the choices right now are Powell or Trump. And to repurpose a line from David Sedaris from the election:
“I think of being on an airplane. The flight attendant comes down the aisle with her food cart and, eventually, parks it beside my seat. “Can I interest you in the chicken?” she asks. “Or would you prefer the platter of shit with bits of broken glass in it? To be undecided in this election is to pause for a moment and then ask how the chicken is cooked.”
Choose wisely.
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