Fed announces first rate cut in nine months, to support a weakening job market.

[Trumpet]

If the fed is reducing interest rates in a period of inflation, it must be that they anticipate serious economical problem ahead.​

​

Fed announces first rate cut in nine months, signals more reductions to come ​

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President Donald Trump has been pushing for the central bank to reduce borrowing costs in order to juice economic growth, but the Fed said its decision was based on the need to support a weakening job market.​

https://www.cnn.com/business/live-news/federal-reserve-interest-rate-09-17-25

 

[Crepitus]

Ayup, they are gonna try to stem a flood by adding more water.

 

[gfm7175]

The FED are lying pieces of shit. Anyone who believes a single word of what they say is an idiot.

 

[Trumpet]

The FED are lying pieces of shit. Anyone who believes a single word of what they say is an idiot.

You need a reality pill.

 

[gfm7175]

You need a reality pill.

You need a discernment pill.

 

[Trumpet]

You don

You need a discernment pill.

You don't say.

 

[Walt]

We have done this before. Nixon pressured Burns to ignore inflation, and instead concentrate on making the economy look good. It was no where near as extreme an attack on the Fed as trump is doing, but it was severe enough to cause a decade of stagflation.

Once confidence in the Fed is lost, it takes a long time to get rid of inflation. Confidence is almost lost right now. It is easier to accept a recession right now than to have to accept half a dozen recessions over the next decade or two.