Tag: FRS
Two days after Donald Trump became the first American since Grover Cleveland to win nonconsecutive presidential elections, the Federal Reserve announced a quarter percent cut in interest rates. Following this announcement, Fed Chairman Jerome Powell held a press conference where he said that he would not comply with any presidential request that he step down before his term ends in May of 2026.
In America – as in Europe – there is fear and anger at system disintegration, Alastair Crooke writes.
Today newly-confirmed FOMC Chair Jerome Powell was summoned by President Select Biden to the White House to have a chat about the economy. Biden and the Democrats are scared to death of this fall. Biden obviously wants Powell to stop hiking rates. The Democrats only want to lose 40 seats in the House in November.
The public debt now standards at $28.1 trillion and 127% of GDP and is rising at breakneck speed.