We also were keen to ask Trump if he thinks the Federal Reserve and Chairman Jerome Powell will cut interest rates specifically to help Joe Biden (or another Democrat) win the general election. The former President said he does think that is how things will play out.
“Yeah, I think they will,” he said, before taking a light dig at Powell. “I was never a big fan of this guy,” Trump told us, before casually pointing the finger at his own Treasury Secretary. “Steve Mnuchin recommended him, but I was never a big fan.”
Trump, who is prone to interrupting his own answers to share wildly entertaining personal anecdotes, then reminded us of some of Powell’s more dramatic maneuvers during Trump’s administration. “I was jawboning him big league that at one point he dropped the rate by like one point—do you remember that?” BBD Fact Check, again, is pretty much true here. In 2020, Powell did drop rates a historic 100 basis points. Even before then, the media would complain that Trump seemed to have an ability to alter Powell’s actions by, as Trump would say, “jawboning.” “Federal Reserve Caves to Trump, Dumps Lighter Fluid on U.S. Economy,” read one Vanity Fair headline in 2019. “The president’s psychotic tantrums finally break the Fed—just in time for 2020,” according to the establishment media whiners.
www.breitbart.com
Months ago I already factored lower interest rates into my financial planning for 2024 because I presumed that the Fed would lower rates even if economic indicators did not call for such actions in order to help demonrats get elected in November of '24.
During the Obama administration rates were kept artificially low no matter what the economy was doing. As soon as Trump got into the White House rates started going up, and they went up faster than they probably should have. If Trump gets elected again expect interest rates to be higher than they probably should be.
“Yeah, I think they will,” he said, before taking a light dig at Powell. “I was never a big fan of this guy,” Trump told us, before casually pointing the finger at his own Treasury Secretary. “Steve Mnuchin recommended him, but I was never a big fan.”
Trump, who is prone to interrupting his own answers to share wildly entertaining personal anecdotes, then reminded us of some of Powell’s more dramatic maneuvers during Trump’s administration. “I was jawboning him big league that at one point he dropped the rate by like one point—do you remember that?” BBD Fact Check, again, is pretty much true here. In 2020, Powell did drop rates a historic 100 basis points. Even before then, the media would complain that Trump seemed to have an ability to alter Powell’s actions by, as Trump would say, “jawboning.” “Federal Reserve Caves to Trump, Dumps Lighter Fluid on U.S. Economy,” read one Vanity Fair headline in 2019. “The president’s psychotic tantrums finally break the Fed—just in time for 2020,” according to the establishment media whiners.
Breitbart Business Digest Exclusive with Donald Trump: Former POTUS Predicts Fed Will Lower Rates to Help the Democrat Nominee
The Breitbart Business Digest had the opportunity to sit down for an exclusive interview with a tanned, rested, and jovial Donald Trump at Mar-a-Lago last week for more than two hours. The conversation repeatedly returned on the state of the U.S. economy and his predictions for this election year.
www.breitbart.com
Months ago I already factored lower interest rates into my financial planning for 2024 because I presumed that the Fed would lower rates even if economic indicators did not call for such actions in order to help demonrats get elected in November of '24.
During the Obama administration rates were kept artificially low no matter what the economy was doing. As soon as Trump got into the White House rates started going up, and they went up faster than they probably should have. If Trump gets elected again expect interest rates to be higher than they probably should be.
