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Tariffs may not even last 4 months. Trump demanded Powell reduce interest rates, the FRB declined. The might be Trump's way of forcing the Fed to reduce interes
by cmurf 2y ago
Tariffs may not even last 4 months. Trump demanded Powell reduce interest rates, the FRB declined. The might be Trump's way of forcing the Fed to reduce interest rates, by inducing a recession with massive inflation. And then Trump takes the tariffs away once the Fed gives him what he wants.
FRB won't reduce interest rates if there's inflation alone. They'd only reduce interest rates if the economy also slows down into recession territory.
That's the short term view.
In the long term view, they are the biggest tax increase in the history of the country, therefore they are potentially the biggest tax decrease in the history of the country. Political fodder, even for a corpse.
- floxy 2y ago>Tariffs may not even last 4 months. (c) Should any trading partner take significant steps to remedy non-reciprocal trade arrangements and align sufficiently with the United States on economic and national security matters, I may further modify the HTSUS to decrease or limit in scope the duties imposed under this order. https://www.whitehouse.gov/presidential-actions/2025/04/regulating-imports-with-a-reciprocal-tariff-to-rectify-trade-practices-that-contribute-to-large-and-persistent-annual-united-states-goods-trade-deficits/ https://www.whitehouse.gov/presidential-actions/2025/04/regu...
- Tadpole9181 2y agoWritten as if he was a king. "I can do whatever I want, whenever I want. Bow and appease me".
- atoav 2y agoYeah but we Europeans told you for decades that your presidency is dangerously overpowered. Guess some things you have to find out yourself.
- Tadpole9181 2y ago100% I have been raving about this for as long as I remember. Most folk nod, but say "it could never happen here".
- deleted 2y ago[deleted]
- tialaramex 2y agoEven the Americans, the State Department has (had?) people whose job is to help with nation building and they'd learned that if you copy-paste the US model you're basically just setting up a dictatorship in advance, the "President" will seize power, whoops. It's impressive they got to forty odd Presidents with only one civil war so far, but it's just luck and it didn't last.
- flubert 2y agohttps://duckduckgo.com/?q=Tom+Wolfe+%22dark+night%22&t=ffab&ia=web https://duckduckgo.com/?q=Tom+Wolfe+%22dark+night%22&t=ffab&...