Per Bloomberg TV: Trump said he will fire Fed's Cook if she doesn't resign

[lostincalifornia]

"The comments intensify Trump's pressure campaign against the central bank, which he has bashed for months over its decision to keep interest rates steady.

Trump on Wednesday called for Cook's resignation after federal housing finance agency director bill pulte alleged she committed morgage fraud by lying on loan application to secure favorable terms.

Also on Bloomberg TV:

"President Donald Trump has threatened to raise the import duties on Indian goods to 50%, half of which is due to purchases of Russian crude.

There was little sign of progress toward a deal Friday as Ukraine's president said he'd had no contact with Russia on peace talks.

US Halts Visas for Truck Drivers after fatal Florida Crash
The US will stop issuing worker visas for commercial truck drivers, Secretary of State Marco Rubio said, the latest in a series of Trump administration moves to clamp down on foreign workers.

Effective immediately we are pausing all issuance of worker visas for commercial truck drivers, he wrote on X Thursday.

Mail Carriers Pause US Deliveries as Tariff Shift sows Confusion.
Under the new regime, which started with China and Hong Kong in May, goods mailed from other countries will be subject to tariffs and compliance with US Customs and Border protection rules.

In response to those changes, a growing number of national mail services are pausing some services to the US as soon as this week, blaming a lack of clarity from US authorities on how the duties will be collected and how to submit required data."



None of this should be a surprise. The stock market right now is soaring because wall street is interpreting Powell's address as a sign that he will ease interest rates because he simply said "the current situation may warrant adjusting rates."

One has to wonder if Wall Street is Whistling in the Graveyard by banking everything on interest rate reductions.

It seems we are in an interesting situation, with unemployment going up, and inflation starting to rear its head with the help of the trump tariff's. I wonder how decreasing interest rates is going to cure that situation?

It seems we are heading for a reckoning that many on Wall Street seem to be ignoring.

What will trump and the rethugs excuse be if lower interest rates don't help unemployment or slow down inflation?

[D. Spaulding]

1. I do think the market is showing a bit of irrational exuberance,

as Greenspan once proclaimed.

[lostincalifornia]

2. I think you are right, and I think it is a lot more than a little. The impact of the tariffs and unemployement have

not hardly been realized I believe.

The ironic thing is if the fed decreases interest, it will be short term interest rates, but if there is inflation in the picture, the long term interest rates I don't think will see those lower rates.

I hope Cook doesn't resign. There needs to be full due process, not some crazy jackass in the white house, who is a pathological liar, accusing her of some impropriety.