News
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
view the rest of the comments
With the way Trump is fucking up the economy lower rates are looking increasingly unlikely. There's still two predicted for this year but the tariff chaos is pushing things in the wrong direction for them to safely lower rates and increasing the likelihood that rate increases will become necessary. If he forces rates down it will blow the whole thing up, the independence of the Fed is integral to maintaining faith in the US economy and Trump imposing artificially low rates will cause serious problems very quickly.
You're talking about if it would make rational sense to lower them...
I'm thinking it's more likely trump somehow seizes power of the fed
If that happens the economy will break and buying a house will become even more difficult rather than easier. There's no scenario where Trump seizing the Fed makes housing more affordable.
It wouldn't.
But a crash in real estate would make him want low interest rates for him to capitalize with.
Like, you're still acting like we're talking about if it should happen.
We're talking about if trump will do something, and he mostly does dumb shit that's the opposite of what he should be doing
I wonder at what point Powell decides he should raise rates. Trump has already been publicly stating he wants them lowered faster and how he also wants to fire Powell but it's not clear if he will be (legally) able to.
Last I saw there was a court case making it's way up the courts to overturn a legal precedent regarding the executives power to oust members of independent boards so it's technically possible he will be able to legally oust Powell and install a lackey if the supreme court decides to throw out existing precedent. I think you're right and both global markets and the dollar will reel if that happens. The fed is supposed to be independent and that obviously is not the case if Trump can fire anyone who doesn't do whatever he asks.
The supreme court seemed to grow a spine on the Kilmar case so maybe they'll continue to have one when this case makes its way up.