Trump vs the Federal Reserve

[MajorRewrite]

As expected by everyone, Donnie and the Clown Show administration are blaming Powell for the downturn in the labor market.

• Trump takes no responsibility for the impact of Trumponomics
• The Fed was ready to reduce the interest rate early this year but changed its mind because of Trump’s TrumpTariff fetish
• Inflation is rising and no sensible person wants to fuel inflation more by cutting interest rates

 

[MajorRewrite]

Oops! Clown Show Treasury Secretary Bessent also committed “mortgage fraud”.

U.S. Treasury Secretary Scott Bessent previously agreed to occupy two different houses at the same time as his "principal residence," Bloomberg News reported, an agreement similar to one President Donald Trump has called mortgage fraud in his unprecedented bid to fire Federal Reserve Governor Lisa Cook.

It’s not really fraud, but it exposes the racist witch hunt attack on Cook for what it is.

 

[whiskeytangofoxtrot]

Oops! Clown Show Treasury Secretary Bessent also committed “mortgage fraud”.



It’s not really fraud, but it exposes the racist witch hunt attack on Cook for what it is.

The accusations trump throws out are baseless. If there were still IG offices it would make a great investigation into some in this administration. Congress is useless and complicit in the lack of oversight.

 

[Hel_Books]

Seems Trump got his rate cut . . .

. . . because unemployment and the business slowdown due to his erratic policies means the economy needs stimulus!

 

[whiskeytangofoxtrot]

Seems Trump got his rate cut . . .

. . . because unemployment and the business slowdown due to his erratic policies means the economy needs stimulus!

He is going to need a lot more to fund his deficits.

 

[ll74]

Seems Trump got his rate cut . . .

. . . because unemployment and the business slowdown due to his erratic policies means the economy needs stimulus!

He bitched about it still.

Lol

 

[MajorRewrite]

Supreme Court says trumped-up charges against a Fed official ain’t gonna fly …

SCOTUS Lets Cook Stay on Fed Board Despite Trump’s Attempt to Fire Her, At Least For Now

The Supreme Court ruled Wednesday to keep fired Governor Lisa Cook on the Federal Reserve Board for now, at least temporarily defying President Trump’s wishes.

In a brief, unsigned order, the Court deferred the government’s application for a stay until after oral arguments in January 2026.

It’s an early indication that the Court’s right-wing majority may be less sanguine about Trump’s indiscriminate firing of Federal Reserve Board members than it has been about his bloodletting at other federal agencies.

That will enrage the misogynist racists.