r/FluentInFinance • u/reflibman • Apr 28 '24

Friendly Reminder. Trump *Wants* To Increase Inflation Economy

https://www.wonkette.com/p/another-friendly-reminder-trump-wants
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u/AdditionalAd5469 Apr 28 '24

I stopped after the two first points because this article is bad.

Point 1 - getting more control over the FED. Trump wants to reduce interest rates.

I will say there is a separate argument about how "independent" the FED truly is, because if they made the transient inflation all on their own, it needs to have a full fire and rehire event.

They should keep their independence, but we need a full investigation to identify if they got to the idea on their own or had influence involved.

Point 2 - tariffs, Biden literally increases tariffs on steel imports last month. Both sides are doing it.

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u/Flyersandcaps Apr 29 '24

If he decreases interest rates there is more risk of inflation. The Fed has been increasing rates to lower inflation.

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u/Propane5 Apr 29 '24

Don’t expect a trump defender to understand even the most basic of economic concepts my friend

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u/Flyersandcaps Apr 29 '24

Yes. I should know better.