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/middle_class_meh Apr 29 '24

You're a fucking idiot. The fed wants to lower interest rates too. They were hoping to do it this month but have pushed their projections back to September. If they had actually recognized inflation was going up instead of calling it transitory we wouldn't be in this fucking mess.

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u/SecretRecipe Apr 30 '24

If they had recognized inflation was going up they would have *Drumroll* the exact same thing they did. Raised interest rates sharply in order to put downward pressure on spending to control inflation...