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WarGamer

(17,805 posts)

11. High interest rates are a greater tax on the public than tarriffs

Reply to Zorro (Original post)

Wed Jul 16, 2025, 01:45 PM

Jul 16

That F150 you want?

$897/mo at 6.9% interest rate...

$712/mo at 4.9% interest rate...

High interest rates make everything more expensive.

Fuck Trump and his likely illegal attempt to fire JP

But fuck JP for punishing the American people.

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Highlight:

Trump reportedly plans to fire Fed Chair Powell 'soon' as pressure increases on the central bank [View all] Zorro Jul 16 OP

Good distraction from Epstein newdeal2 Jul 16 #1

This is about interest rates and the economy in 2026 elections bucolic_frolic Jul 16 #2

Every financial expert I read or see says interest rates should NOT be lowered. nt allegorical oracle Jul 16 #13

Trump can fire whomever he wants. Kid Berwyn Jul 16 #3

SCOTUS specifically said the Fed Chair could not be fired Arazi Jul 16 #9

Whew! Won't feel better knowing their money is safe. Kid Berwyn Jul 16 #10

The Chair definitely has sway ITAL Jul 16 #4

Lots of talk all over, but no action yet. mahatmakanejeeves Jul 16 #5

Just more taco salad. nt ImNotGod Jul 16 #6

Tapper is wrong again bmichaelh Jul 16 #7

I dont think the market will like that move Johonny Jul 16 #8

Rate cuts will only lead to inflation assuming people have money to spend... WarGamer Jul 16 #12

Firing the FED chair the first time ever Johonny Jul 16 #16

The stock market will love it pcdb Jul 16 #15

High interest rates are a greater tax on the public than tarriffs WarGamer Jul 16 #11

Yes, I'm sure Powell wakes up every day with the burning desire to keep someone from buying an F150. BannonsLiver Jul 17 #17

That move will be the guaranteed way... appmanga Jul 16 #14