The ECB is expected to cut interest rates for the 7th time, and yet, “Too Late” Jerome Powell of the Fed, who is always TOO LATE AND WRONG, yesterday issued a report which was another, and typical, complete “mess!” Oil prices are down, groceries (even eggs!) are down, and the USA is getting RICH ON TARIFFS. Too Late should have lowered Interest Rates, like the ECB, long ago, but he should certainly lower them now. Powell’s termination cannot come fast enough!

  • Kecessa@sh.itjust.works
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    2 days ago

    If the us is getting rich on tariffs then shouldn’t rates need to be raised. Rates being lowered means the economy is not doing well.

    The comment was about the relation between the state of the economy and interest rates, I just corrected OP, you can have a healthy economy and low interest rates