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Trump Pauses Campaign Event While Several Attendees Are Escorted Out for "Medical Emergencies;" Kamala Harris and MSNBC Claim Trump Had a Senior Moment
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September 18, 2024
Despite Inflation Still Raging, Fed Chairman Powell Slashes Interest Rates by a Big Half PointHe has given up on fighting inflation, and in fact is now putting us on the path for more inflation, to forestall the Biden-Harris Recession by a couple of months until we're safely past the election. As I always say, cutting interest rates puts more money into the economy, which further devalues our already-devalued dollars. It is inherently inflationary. The market is already flooded with cheap dollars, reducing the value of all of them. This floods the market with more cheap dollars, reducing their value still further.
But Powell won't admit that's the case. That would damage the Biden-Harris lie that the economy is booming, baby! The other way this can be justified is if you're a Deep State Democrat looking to rig another election. Looks like the Federal Reserve doesn't like the latest jobs reports any better than others do -- at least others outside the White House. In an 11-1 vote, the Fed cut its lending rate by 50 basis points rather than the usual 25, pushing it back down to between 4.45-5.0%. That matches up with expectations over the last few days by economists hoping that the Fed would take more aggressive action to prevent a collapse in job creation. Advertisement Update: The ignorant DEI hire Kamala Harris claims that flooding the market with even more cheap dollars is anti-inflationary. The US Federal Reserve cut its key lending rate by half a percentage-point Wednesday in its first reduction since the Covid pandemic, sharply lowering borrowing costs just before November's presidential election. Interest rate hikes wring some cheap dollars out of the economy, thus making each remaining dollar worth more, thus reducing inflation. Interest rate cuts do the exact opposite. But she majored in Sucking Dick of Her Boss. What do you expect of her? | Recent Comments
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Trump Pauses Campaign Event While Several Attendees Are Escorted Out for "Medical Emergencies;" Kamala Harris and MSNBC Claim Trump Had a Senior Moment
Final Proof That Kamala Is a DEI Hire: She Has a Massive Plagiarism Problem Ben Weingarten: The US Government Is Funding Foreign Entities Which In Turn Censor American Citizens Incredibly, Kamala Harris's Staff Again Puts Out the Word That Biden is Failing to Position Her for Success The Morning Rant: Minimalist Edition Mid-Morning Art Thread The Morning Report — 10/15/24 Daily Tech News 15 October 2024 Monday Overnight Open Thread (12/14/24) Columbus Day Edition Forza America Cafe Search
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