Interesting to note that lowering interest rates

[no_hypocrisy]

is one of the few things that TSF hasn’t overreached and decreed by executive order.

[indusurb]

1. He can't

Jerome Powell would simply ignore such a decree, as would the rest of the financial world. Different ballgame next year when Trump gets to appoint his own sychophant to the Fed Chair position. I imagine whomever it is will bow down to Trump and drop interest rates to 1%, and crash the economy in the process.

[JustAnotherGen]

2. He can't

And Jerome Powell is straight up gangster.

https://www.sfchronicle.com/news/politics/article/fed-chair-tells-trump-he-has-his-facts-wrong-on-20785169.php


After some back and forth, Powell put on his glasses, stared at the numbers on the paper from Trump and asked, “This came from us?”

“Yes,” Trump said.

“Are you including the Martin renovation?” Powell said. “You just added in a third building is what that is. That’s a third building.”

“It’s a building that’s being built,” Trump said.

“No, it was built five years ago,” Powell said.