John Edgar Slow Horses
Diamond Member
- Apr 11, 2023
- 28,057
- 14,530
- 1,288
- Thread starter
- #61
Dark Brandon is in a good spot, the Orange Don not so much, huh.Never took Economics...did you, John? Do you know what the Fed is signalling when it cuts interest rates? I'll give you a hint...it isn't that the economy is improving! The Fed lowers interest rates when it feels the economy is slowing.
The problem they face is that inflation is not at the rate they've targeted and the last report had it going up again. Interest rate cuts are inflationary. So if Powell cuts interest rates to goose Biden's weak economy then there is a very good chance we'll see yet another spike in inflation...which means more money out of the pockets of average Americans.
Slow Joe is caught between a rock and a hard place. The rock is inflation...the hard place is a stagnant economy...and the dumbest administration in our country's history has to figure this out before November! Good luck...you're gonna need it!![]()