The Trump Dump

[noormcs5]

Nah, Trump had a lot of support. The last administration failed in so many ways, so people wanted something different, and that was why it was easy for Trump to have so many supporters. Also, Trump knows how to portray people as the cause of all the problems in the country. He did it in his first term, and it worked, and it worked again this time around.

I am not sure how and when the Trump plan will work out. It seems that the Fed and Powell are his biggest enemy of him. Maybe he has a bigger challenge to have the Interest rates cut than to have the tariff negotiations with China. In less than a month, he has emphasised enough on rate cut, but Powell seems least interested. He never hinted that he is interested in the Interest rates going down anytime soon. The below is the newest tweet from Trump again hoping for the cuts. 

[bakasabo]

Where are all those gone, who have been blaming Trump and his tariffs for cryptocurrencies prices to go down? What will you say, if I tell you that current top crypto prices are not higher than they were before Trump tariffs announcement? How you going to reply if some of you have missed crypto discounts? Again Trump is guilty because he hasnt warned about price recovery?

[pooya87]

Isn't gasoline $3.165 (https://gasprices.aaa.com/) and egg prices at least ~2x higher compared to last year ($3.29 vs. $1.2) same month?  What am I missing here?!

[Abiky]

I am not sure how and when the Trump plan will work out. It seems that the Fed and Powell are his biggest enemy of him. Maybe he has a bigger challenge to have the Interest rates cut than to have the tariff negotiations with China. In less than a month, he has emphasised enough on rate cut, but Powell seems least interested. He never hinted that he is interested in the Interest rates going down anytime soon. The below is the newest tweet from Trump again hoping for the cuts. 

Well, Powell can't cut rates now. Especially with tariffs in play. Would you imagine a weaker currency (USD)? That would raise the cost of imports more than what they are right now. The FED should be raising rates to make the USD stronger and imports cheaper. But I'm no economic expert, so please correct me if I'm wrong.

Either way, Trump's dreams might soon become a reality as Powell's term comes to an end. There could be a new FED chairman that's a "Trump loyalist", putting the central banks' independence at risk. Americans are headed into economic uncertainty. So they should prepare themselves for the worst.