Author Topic: Fed Chair Powell meets with Trump at the White House  (Read 233 times)

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Online mystery-ak

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Fed Chair Powell meets with Trump at the White House
« on: May 29, 2025, 03:49:22 pm »
 Published May 29, 2025 1:53pm EDT
Fed Chair Powell meets with Trump at the White House
Trump has called on Powell and the Fed to cut interest rates amid the central bank's inflation concerns

By Eric Revell FOXBusiness

Federal Reserve Chair Jerome Powell on Thursday met with President Donald Trump at the White House for the first time in the president's second term.

"At the President's invitation, Chair Powell met with the President today at the White House to discuss economic developments including for growth, employment and inflation," the Fed said in a statement.

"Chair Powell did not discuss his expectations for monetary policy, except to stress that the path of policy will depend entirely on incoming economic information and what that means for the outlook," the central bank's statement continued.

"Finally, Chair Powell said that he and his colleagues on the FOMC [Federal Open Market Committee] will set monetary policy, as required by law, to support maximum employment and stable prices and will make those decisions based solely on careful, objective, and non-political analysis."

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https://www.foxbusiness.com/economy/fed-chair-powell-meets-trump-white-house
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Online mystery-ak

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Re: Fed Chair Powell meets with Trump at the White House
« Reply #1 on: May 29, 2025, 08:12:02 pm »
At White House Meeting, Trump Tells Powell It’s ‘A Mistake’ Not To Cut Rates

President Donald Trump met Thursday with Federal Reserve Chair Jerome Powell at the White House and urged the central bank to lower interest rates.

https://www.breitbart.com/economy/2025/05/29/trump-powell/
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Offline bilo

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Re: Fed Chair Powell meets with Trump at the White House
« Reply #2 on: May 29, 2025, 09:07:31 pm »
I guess it's good they meet, but it's a waste of time. Powell will wait regardless of the data. The Fed is just as political as the judiciary.
We have a beach head. Now it's time to win the war and save the Republic.

Offline jafo2010

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Re: Fed Chair Powell meets with Trump at the White House
« Reply #3 on: May 30, 2025, 03:38:21 am »
They are indeed as political as the rest of the slugs in control.

But, huge but, inflation is NOT under control.  Trump lies as badly as his predecessor.  Egg prices are not down in the stores where I live!  Gasoline prices only went down from what they were on election day in November for the first time last week, and by a nominal amount.   A whopping 4 cents!  Whoopie!

So, inflation has not been brought under control.  As much as I would like interest rates to drop by several percent, to do so would be foolish!   My neighbor put his house on the market a week ago or so and sold it in days, at a price I thought not possible in my neighborhood.  He sold it for at least $125,000 more than I thought it would be worth.

So, despite a decline in home starts, the RE market appears more than sound to me.  Starts will begin to go up the moment interest rates are reduced.  I think it would be an error to reduce rates until later in the year.  The same nonsense happened in the late 70s/early 80s, and the economy spiraled into stagflation, with interest rate above 17% and inflation up over 20%.

We are coming to the end of the line, where the abuse by Congress in spending will wreck havoc on the people of the USA.  I see nothig but dark times ahead.  $9 billion being reduced from the budget is not even pocket change.  I don't want to hear about Musk and DOGE generating $175 billion when only $9 billion gets taken out of the budget while spending skyrockets. 

Musk is pissed, and  I agree with his mindset.  These MFers in Washington are destroying the country, and the stinking lawyer judges are accelerating that destruction with their interference with the Trump efforts.

I say Trump should terminate 35% of all federal judges, and get Congress to codify it.  Put the stupid people in Congress on the spot.  While he is at it, reduce the number of senators per state to one, and increase the representation of House members to 700,000.  An amendment could get passed in a short time if the Republicans were committed to truly reigning in spending.  Cut staff for all in Congress by 50%.  No pensions for folks in Congress.  They can have the same limiting 401k as everyone else.  Same healthcare too.

And Obamacare is a total failure, with healthcare cost quadrupled for many in the country.

and enough of the degenerates running the Dems.  Either they wake up or we put them in prison for their degeneracy.  Mutilating children in the name of trans bullsh*t is what I consider a serious crime.  Everyone involved should be thrown in prison and the key lost.

And did you hear that maggot Chris Cuomo talking about the death and other serious crimes levied against US citizen as being"artificial"?  Why is anyone listening to that maggot?  His audience should be one, himself!!!!

If Justice Roberts is not going to reign in the courts which are completely out of control, I say get rid of them.  ANd get the worthless Congress to do their damn job.  If judges are spending their time halting the administration, they have too much time on their hands. 

I SAY CUT JUDGES BY 35%, AND PASS A LAW THAT ANYONE THAT HAS ENTERED THE USA ILLEGALLY GETS DEPORTION ONLY, NO JUDGE, NO HEARING, JUST A TICKET OUT.  AND GET RID OF HALF OF THE IMMIGRATION JUDGES, AND 100% OF THE FISA JUDGES. 

Why hasn't Trump ended the FISA court?  It is about as evil as anything we have going.  And the FBI should have everyone rifted above 1st line supervision.  I am not impressed by anything I have seen to date.  It's as if Trump is terrified of the FBI and CIA.

Trump is getting bested by the corrupt judges, who after all, are lying, corrupt lawyers.  As long as lawyers control all three branches of government, our country will remain in the swirl.  I never knew one worth a good BM!!!  No joke!!!
« Last Edit: May 30, 2025, 03:42:17 am by jafo2010 »

Offline Fishrrman

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Re: Fed Chair Powell meets with Trump at the White House
« Reply #4 on: May 30, 2025, 08:34:58 pm »
Keep interest rates where they are now, or even half a percent higher.
This will keep inflation in check.

(got to disclose that I have a treasury bill paying off every week -- I WANT interest rates "up there"...!)