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Yo_Mama_Been_Loggin

(137,463 posts)
Tue Jul 1, 2025, 03:11 PM Jul 2025

Signs Of Broken Brains': Trump's Latest Sharpie Scrawl Has People Howling

President Donald Trump on Monday renewed his attacks on Federal Reserve Chair Jerome Powell for refusing to cut interest rates ― and he did it with one of his go-to moves: a Sharpie-scrawled message, complete with his signature across the bottom.

Trump printed out a list of central bank rates from 44 nations around the world. Switzerland topped the list at 0.25%, while 10 nations, including the United States, shared the bottom spot with 4.5%.

“Should be here,” Trump wrote, with an arrow near the top of the list.

He also had a personal message for the Fed chair in his trademark block letters.

https://www.yahoo.com/news/signs-broken-brains-trumps-latest-090905806.html

See Trump's handwritten note to Jerome Powell complaining about interest rates



President Donald Trump has found a new way to criticize Federal Reserve Chairman Jerome Powell.

“Jerome ― You are, as usual, “too late.” You have cost the USA a fortune ― and continue to do so ― you should lower the rate ― by a lot!” Trump wrote. “Hundreds of billions of dollars being lost! No inflation!”

White House press secretary Karoline Leavitt showed off the note during a Monday briefing.

In a Truth Social post with an image of the note, Trump added that Powell and the rest of the board “should be ashamed of themselves” and called for a 1% interest rate.

https://www.msn.com/en-us/money/markets/see-trump-s-handwritten-note-to-jerome-powell-complaining-about-interest-rates/ar-AA1HI3hZ

Hey at least he didn't use a crayon.

6 replies = new reply since forum marked as read
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Signs Of Broken Brains': Trump's Latest Sharpie Scrawl Has People Howling (Original Post) Yo_Mama_Been_Loggin Jul 2025 OP
el gringo loco creon Jul 2025 #1
Obviously, this means that Mango Mussolini owes a lot of people a lot of money AZJonnie Jul 2025 #2
The marmalade shartcannon used to use a crayon until he lost it Brother Buzz Jul 2025 #3
Powell: Trump's tariffs held up rate cuts LetMyPeopleVote Jul 2025 #4
Shockingly enough, the fed doesn't fight the markets much. unblock Jul 2025 #5
Trump's brain is pure mush at this point. LetMyPeopleVote Jul 2025 #6

AZJonnie

(4,028 posts)
2. Obviously, this means that Mango Mussolini owes a lot of people a lot of money
Tue Jul 1, 2025, 03:16 PM
Jul 2025

and doesn't earn any money that would result from interest rates being higher like they are now.

It's ALWAYS about himself.

LetMyPeopleVote

(182,090 posts)
4. Powell: Trump's tariffs held up rate cuts
Tue Jul 1, 2025, 03:39 PM
Jul 2025

trump wants interest rate cuts but his stupid tariffs are in the way

Powell: Trump's tariffs held up rate cuts

USpolitics 🇺🇸 (@uspol.skyfleet.blue) 2025-07-01T15:32:11.793Z

https://thehill.com/business/5378903-fed-chair-powell-tariffs-rate-cuts/

Federal Reserve Chair Jerome Powell said Tuesday that the central bank would likely have already cut interest rates this year if not for the economic shock generated by President Trump’s tariffs.

When asked Tuesday if Trump’s tariffs held up the Fed’s plan to cut interest rates, Powell affirmed.

“I think that’s right,” he said at a central banking conference in Portugal. “We went on hold when we saw the size of the tariffs. … All inflation forecasts for the United States went up materially as a consequence of the tariffs.”

The confirmation is likely to draw more backlash from Trump, who has reset U.S. trade relations with wide-ranging tariffs and bashed Powell for pausing cuts, which started last year.

In April, Trump announced tariffs against dozens of countries using a novel calculation based on trade deficits.

unblock

(56,262 posts)
5. Shockingly enough, the fed doesn't fight the markets much.
Tue Jul 1, 2025, 04:00 PM
Jul 2025

Much as we talk about the fed setting interest rates, the fed actually doesn't hugely fight what the markets tell it.

If the markets expect interest rates to be high, the fed doesn't just go screw you, we're setting rates extremely low.

Why?

Because fighting the market is massively expensive. Do it for too long and it creates major problems. So the fed mostly acts as a shock absorber, making sure rates are fairly predictable, rising or falling at a calm, steady pace, with reasonable advance notice, so businesses can plan efficiently.

The entire market disagrees with Donnie. No one is thinking interest rates should be 1.0% right now. It's not just the fed, let alone any one person at the fed in particular.


And as to that chart, shockingly enough again, the American economy is not the same as other economies. Our interest rates should not be blindly compared to other countries' interest rate. You haven't take into account the counties' respective inflation and growth and unemployment and so on.


Not that Donnie cares about any of this....

LetMyPeopleVote

(182,090 posts)
6. Trump's brain is pure mush at this point.
Tue Jul 1, 2025, 04:07 PM
Jul 2025

trump did not understand question asked by reporter about how long would detainees be held at this concentration camp and started talking about his own personal plans

Trump’s brain is pure mush at this point.

Republicans Against Trumpism (@rpsagainsttrump.bsky.social) 2025-07-01T19:46:56.260Z

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