Federal prosecutors have opened a criminal investigation of Federal Reserve Chair Jerome Powell over his June testimony before Congress about the central bank’s $2.5 billion renovation of its headquarters in Washington, DC,
It depends of course on who he puts in to replace Powell. If they are going to blindly drop interest rates like what Trump wants inflation is likely to spike again, which will benefit corporations due to lower borrowing costs while raising prices of consumer goods, but will fuck over ordinary people in a massive way.
It depends of course on who he puts in to replace Powell. If they are going to blindly drop interest rates like what Trump wants inflation is likely to spike again, which will benefit corporations due to lower borrowing costs while raising prices of consumer goods, but will fuck over ordinary people in a massive way.
Donvict has been harping on wanting lower interest rates, so it seems that is the likely outcome.