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Cake day: July 11th, 2023

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  • Given interest rates’ impact on the housing market, Trump has repeatedly demandedthat the Fed lower them. “You have cost the USA a fortune and continue to do so,” Trump told the central bank’s chair, Jerome Powell, in a handwritten note.

    But Powell and other Fed officials argue that Trump’s tariffs have created ongoing economic uncertainty, especially around prices. Some consumers say they’ve already seen prices rise, and cutting rates risks fueling more inflation.

    “It’s a risk we feel. As the people who are supposed to keep stable prices, we need to manage that risk,” Powell told the US Senate last month.

    Bangup job so far, Powell you asshole. I’d like to see how your mindset changes after spending a few years working a crap job for $35K a year.

    Not saying Trump isn’t also a colossal d-bag; but Powell’s entitled ass does not get a pass from me.