15% of your income

[tygeade]

FED chairman Jerome Powell's term will be ending on May. I'm sure Trump's nominee Kevin Warsh will support cutting rates. Even with the Iranian war in play. If he's a "loyalist", he will meet with the President's demands. Rate cuts are needed to help lower housing and transportation (acquiring a new vehicle) costs.

The EU is way ahead in the game. It's been cutting rates for quite some time. But if wars intensify and supply chains continue to be disrupted, there will be no rate cut in the world that would benefit the economy. The situation is getting tough. One can only hope geopolitical tensions ease, so things can go back to "normal". At least, temporarily. We'll see what happens...

Still though? I mean I know that Trump wanted Powell to end up cutting the rates and Powell declined, at this point I think Powell didn't do it not because he thought it was the right decision, but he didn't do it just to piss of Trump and that's funny, I like him. But after that, many things changed and the financial world doesn't look like cutting rates is a smart move right now.

Because the oil prices are changing ,and there could be some issues and all of that combined could mean higher oil prices, higher gas prices, and inflation all over again when prices of everything goes up due to gas price going up. That means that cutting the rates would only fuel the inflation even further and not sure if it's a smart choice.

[Abiky]

Still though? I mean I know that Trump wanted Powell to end up cutting the rates and Powell declined, at this point I think Powell didn't do it not because he thought it was the right decision, but he didn't do it just to piss of Trump and that's funny, I like him. But after that, many things changed and the financial world doesn't look like cutting rates is a smart move right now.

Because the oil prices are changing ,and there could be some issues and all of that combined could mean higher oil prices, higher gas prices, and inflation all over again when prices of everything goes up due to gas price going up. That means that cutting the rates would only fuel the inflation even further and not sure if it's a smart choice.

Things may have changed now. But according to Trump, the economy is still going strong. So it's likely the President will keep pushing for lower rates, despite the deteriorating economic situation as a result of the Iran war. Kevin Warsh is Trump's nominee for the FED, so he must do everything in his power to win the President's (and Republicans') favor. It's most likely he will cut rates. But if he resists, you can bet he'll be "replaced" by the end of his term.

The heat is on Americans now. Especially with Donald Trump's uncertain tariff and foreign policies. Perhaps, people in the EU are living better? The ECB keeps cutting rates, which means the economy is going smooth. But I could be wrong.

[Leahized]

I don't know where you got that data from, but I think that currently most people pay 30% or even 50% of their monthly salary in rent, especially for those living in big cities, it doesn't make sense for them to pay only 15% of their income for rent, unless they have a large salary, but that's only a handful of people, for many people they are still burdened by rent that increases every year.

I support it because the situation is exactly the same in my state. In my state, those who are in big cities or capitals for jobs, their house rent is very high and many even more than half of their salary. I think this is a big problem in this case but there is nothing to do because everything is measured by location. But living in low-income countries,They may have lower rents and less financial independence as well. But money has to be spent in other areas including house rent.