Trump says rate cut will be litmus test for new Fed chair | Crypto Craft

  • Trump says rate cut will be litmus test for new Fed chair

    From msn.com

    President Donald Trump indicated he would judge a new Federal Reserve chair by whether they immediately move to cut interest rates. Trump responded “yes” when asked in an interview with Politico if a quick reduction of borrowing costs would be a litmus test for his handpicked central bank leader. “Yes. Well, this guy too ... should too,” Trump told Politico in the interview released Tuesday, referring to current Fed Chair Jerome Powell. “I think he’s a combination of not a smart person and doesn’t like Trump.” Trump’s comments were a key signal to potential new Fed chairs on what the president would ... (full story)

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Trader#E63D
Dec 9, 2025 12:22pm
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Quoting Trader#5C06
Which by definition ends the Fed’s so called independence. However, the Fed has done nothing but make mistakes and cause harm, so going a non independent way might not be actually any worse.
What harm has FED done exactly? Did it inflate an AI bubble? Did it pump and dump meme stocks? Did it pump Elon's stocks? Did it pump all other stocks and made their PE multiples touch the stratosphere? They actually tried to do the opposite and every time they said markets are ahead of themselves markets just ignored FED and happily kept on rising as if nothing happened. No Covid. No bubble. No nothing.
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giveachance
Dec 9, 2025 9:08pm
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yes cut it to 2% and europe will sell all of their bond holdings. eu and UK hold most of your treasury holdings
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StevenD
Dec 9, 2025 1:00pm — Edited
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Quoting Trader#E63D
{quote} What harm has FED done exactly?
Besides directly causing the Great Depression, or including that?

Quoting Trader#E63D
{quote}Did it pump all other stocks and made their PE multiples touch the stratosphere?
Did it introduce ZIRP, artificially lowering interest rates on borrowing money to levels far below what the market would naturally price, free of government intervention, causing rampant misallocation of capital for nearly a decade following the GFC?
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Trader#F087
Dec 9, 2025 1:21pm
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Quoting Trader#E63D
{quote} What harm has FED done exactly? Did it inflate an AI bubble? Did it pump and dump meme stocks? Did it pump Elon's stocks? Did it pump all other stocks and made their PE multiples touch the stratosphere? They actually tried to do the opposite and every time they said markets are ahead of themselves markets just ignored FED and happily kept on rising as if nothing happened. No Covid. No bubble. No nothing.
It caused the Great Recession, remember that or you were not born in 2008? It has been provably wrong at every turning point, waits too long to lower or raise. Do you even understand what the balance sheet is? It’s the ultimate power to literally destroy the US dollar. What did a house cost in gold terms 30 years ago and what does it cost now in terms of gold? Do the math, or maybe your mommy didn’t teach you basic math. It caused the 50% inflation during Covid with nonstop qe, money printing, and refusing to raise rates regardless of the facts.

They can print literally unlimited dollars with zero controls or oversight from anyone anytime they want. They were so desperate to avoid occasional recessions that they forced the destruction of the currency and forced people to make more and more risky bets. Why? Because you can’t keep cash, you will get wiped out, you have to invest in risky things to get ahead at all because of them.

Their entire existence is ridiculous today. An entity to step in when markets breakdown is fine. Printing endless money and actively enabling extremely government debt has the country on the verge of bankruptcy. Fed members are essentially domestic terrorists to anyone with a functioning brain, which is obviously not you. I could list a hundred reasons but I doubt your thirty second attention span has already been exhausted.
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StevenD
Dec 9, 2025 7:15pm
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Quoting Vancarbon
{quote} Not often ( in fact rarely / never) have I agreed with Steven . On this occasion he is absolutely correct . Apologies : Different Steven , Steven D I agree with entirely
Whew... you scared me there for a second. I was moments away from sending you this peace offering:
Inserted Video


Apology accepted, mon ami!
here's to the incoming ZIRP 2: "Apolitical" Edition
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Vancarbon
Dec 9, 2025 1:33pm
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Let’s not digress :

referring to current Fed Chair Jerome Powell. “I think he’s a combination of not a smart person and doesn’t like Trump “

The ultimate word salad from Trump .

I didn’t realise ( until now ) backwardation was possible in the vocabulary . Hey , we live and learn
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Trader#E63D
Dec 9, 2025 2:10pm
Permalink
Quoting Trader#F087
{quote} It caused the Great Recession, remember that or you were not born in 2008? It has been provably wrong at every turning point, waits too long to lower or raise. Do you even understand what the balance sheet is? It’s the ultimate power to literally destroy the US dollar. What did a house cost in gold terms 30 years ago and what does it cost now in terms of gold? Do the math, or maybe your mommy didn’t teach you basic math. It caused the 50% inflation during Covid with nonstop qe, money printing, and refusing to raise rates regardless of the...
And here I thought we are in 2025 and not talking about what happened in 1928 and crying about that.
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clarktunes
Dec 9, 2025 2:51pm
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An ignorance of the past is a chosen hallmark of the Tump cult. You think you are being clever, but ignoring what caused collapse in our history will repeat that collapse. But like leaving his last presidency with the highest COVID death toll in the world, he does not care what damage gets left behind if gets what he wants unhindered.........
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objective
Dec 9, 2025 9:20pm
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EU and UK may stop funding US deficits and US military industrial complex.
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Trader#5C06
Dec 9, 2025 11:49am
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Which by definition ends the Fed’s so called independence. However, the Fed has done nothing but make mistakes and cause harm, so going a non independent way might not be actually any worse.
Reply
Trader#8521
Dec 9, 2025 12:51pm
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I think the Federal Reserve will definitely lower interest rates.
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Trader#1D37
Dec 9, 2025 2:46pm
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Quoting Trader#E63D
{quote} And here I thought we are in 2025 and not talking about what happened in 1928 and crying about that.
What's changed?
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Trader#0598
Dec 9, 2025 3:18pm
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Quoting clarktunes
But like leaving his last presidency with the highest COVID death toll in the world,
That award goes to Biden, bud.
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Trader#13AE
Dec 9, 2025 10:44pm
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My opinions is jorem powwel is best man to fed chairman, he is good man batter than Trump
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Trader#13CE
Dec 9, 2025 10:45pm
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was fed will be control by donal trump??..cus he choosed the new fed leader!
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