Trump to set interest rates himself under secret presidential plan

Amun Ra

Amun Ra

I hope Trump doesn't get JFK'd over this.


https://finance.yahoo.com/news/trump-set-interest-rates-himself-171733557.html

Donald Trump’s aides have drawn up secret plans to oust the chairman of the Federal Reserve and allow the president to set interest rates, according to reports.

Allies are said to have drawn up a range of proposals for the way monetary policy could be run in a second Trump administration, including rolling back the independence of the central bank, which has been critical to the functioning of the economy and financial system in recent decades.

Supporters of the Republican candidate have compiled a 10-page document with a new vision for the running of the central bank and monetary policy, according to the Wall Street Journal.

It includes the authority to eject Jerome Powell from his position as chairman of the rate-setting Federal Open Market Committee.
 
The country is a couple of short steps from hyperinflation. This idiotic suggestion of Troop will push it over the line.
 
upload_2024-4-27_7-32-19.png


That was his dream.
So it might happen.

He has hinted about that when he was a president.

Whatever it is, President Trump will provide tons of trading opportunities for
the traders.
 
Ok lower interest rates... but also crush oil prices, I mean all the way down.. down to ten bucks.
Trump is going to be an economic cowboy, that's all he really cares about.
 
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