POWELL'S POWER OVER TRUMP

President Trump said that interest rates should come down earlier Wednesday. Officials have said they are in no rush to cut rates as long as inflation is stubbornly high and the economic backdrop remains solid.

“Interest Rates should be lowered, something which would go hand in hand with coming Tariffs!!! Lets Rock and Roll, America!!!,” Trump wrote on Truth Social.

Rep. Brad Sherman, a Democrat from California, asked Powell about the president’s statement. SOURCE BARRON'S.....

“People can be confident that we'll continue to keep our heads down, do our work, and make our decisions based on what's happening in the economy,” Powell said....

THE CPI CAME IN AS HOT ...STANDING AT 3...POWELL IS NOT GOING TO BEND TO TRUMP.....

WHEN WILL U (collectively) GET IT....TRUMP DOES NOT CARE ABOUT THE NATION ,HE CARES ABOUT HIS STATUS AND MONEY.

GOOD ON POWELL FOR BEING HIS OWN MAN....let us watch the "tax tussle"TRUMP HAS ON HIS HANDS....

Wow, the TDS is stronger than ever with you.

I don't like lowering rates right now either. I do believe as the Republicans start to lower Government spending, inflation will naturally decline. Especially after firing so many useless bureaucrats.

FredHayek wrote: Wow, the TDS is stronger than ever with you.

I don't like lowering rates right now either. I do believe as the Republicans start to lower Government spending, inflation will naturally decline. Especially after firing so many useless bureaucrats.

OH REALLY, and all the tariffs that r to be imposed? Come down naturally, LOL.....just wow....unicorn universers UNITE.

Yes, the final month of Bidenflation showed an uptick from 2.75% in November, and the Fed lowered the interest rate by 0.25% in December after that news, to 3% for the month of January. However, it isn't only inflation that drives the Feds decision . . . employment numbers play an important part of the equation as well. Given no one could rely on any employment numbers coming from the Biden administration as originally released, the Fed has to wait for the adjusted numbers to know how employment will impact their decisions. Slow growth, like what was seen in January, gives a stronger argument for cutting rates than a strong job market does.

3% inflation? Why that is as bad as Bidenflation! That is because it is Bidenflation still!

Just like a huge aircraft carrier, you cannot turn an economy around on a dime. In business school, we learned it takes about six months for a new administration to get its agenda into place. Right now the Senate is still voting on Trump's nominees.