Here Is The Moment Trump's Brain Broke As He Is Sinking And In Over His Head
Trump's brain broke as he claimed that everything in America is a record right now, and inflation doesn't exist, while demanding interest rate cuts from Fed Chair Powell.
The Daily is outside the Beltway news for the people. Please consider supporting us by becoming a subscriber.
Donald Trump knows nothing about economics. Donald Trump knows nothing about economic policy.
After yesterday’s news that inflation is on the rise because of Trump’s tariff policy. The president responded by demanding an interest rate cut.
Economists warn that an interest rate cut at this time would fuel inflation and make costs rise even faster.
The looming concern for the US economy is stagflation, which is a combination of high unemployment and high prices. The US could fall into stagflation if increasing costs cause unemployment to rise while at the same time raising prices.
Trump’s tax cuts have the double negative impact of pushing both inflation and interest rates higher while reducing employment.
The president is setting up the US economy for a worst of all worlds scenario, and he is trying to keep a lid on the interest rate hikes that he will cause by firing the Fed Chair.
Trump is in way over his head and as you can see in the video, his brain is breaking:
Trump was asked about the media stories that he is about fire Fed Chair Jerome Powell at the White House and he answered:
He's always been too late, hence his nickname too late. He should have cut interest rates a long time ago. Europe has cut him ten times in the short period of time, and we cut him none.
The only time he cut him was just before the election to try and help Kamala or Biden, whoever the hell it was, because nobody really knew. Obviously, that didn't work, but he tried to cut him for the Democrats. Kamala. And how did that work out? You'll tell me it didn't work out too well, did it?
But he's he's I think he does a terrible job. He's costing us a lot of money and we fight through it. It's almost the country has become so successful that it doesn't have a big impact, but it does hurt people wanting to get a mortgage. People want to buy a house. He's a terrible he's a terrible fed chair. I was surprised he was appointed. I was surprised, frankly, that Biden put him in and extended him. But they did.
So you know, we're not planning on doing anything. We're very concerned. He's doing a little renovation for 2.5 billion of the Fed building. Building a renovation, and they have a close to $900 million cost overrun. And it's a shame. But the biggest cost overrun is the cost overrun for interest rates, because we should be paying three points lower and we would save $1 trillion a year in interest if that were the case. And all it is the stroke of a pen.
Keep reading with a 7-day free trial
Subscribe to The Daily to keep reading this post and get 7 days of free access to the full post archives.