• HubertManne@piefed.social
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    3 hours ago

    powell is in a position that has a term. he could be reupped which any sensible president and congress would do but trump clearly wants to drop interest rates to zero and print money. you know. the thing he rallied for in his first term that was the reason for the massive inflation they blamed on biden.

    • Asafum@lemmy.world
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      2 hours ago

      It’s almost as if someone who is involved in real estate and utilizes loans to “grow” his business might benefit from this.

      But not Trump, he definitely never uses his powers as president to benefit himself and his family at everyone else’s expense. Noooo not Trump. I mean Jesus hugged the guy so obviously he’s not corrupt.

      • HubertManne@piefed.social
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        2 hours ago

        yeah thats pretty much the print money part. when they are negative and when we borrow from ourselves, which we do, well then you have to lose money for having it invested with us. Much of that self investment btw is social security and such. thats how you get negative.

        • marcos@lemmy.world
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          42 minutes ago

          It is printing money but it’s different.

          It’s letting the banks print money, as much as they want. When the government go and prints the money directly, the banks also print some, but at least the government gets a small share of it.