Economics

This is how Jerome Powell should respond:

“President Trump continues to call for rate cuts and resort to name-calling—but let’s be clear: he has absolutely no understanding of where interest rates should be. Inflation remains well above our 2% target, tariffs are set to drive https://t.co/IDueFQiuct

Charlie Bilello

On why the US should not cut rates

ELI5

https://x.com/charliebilello/status/1947363266046661047

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He's going to capitulate. The US economy is a mess with high inflation. Sucks it has to be Powell but the only answers are lead us into a recession, or cut rates and watch inflation spike.

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