How the U.S. Federal Reserve Went Broke

Re:How the U.S. Federal Reserve Went Broke by landemva on Thursday February 16, 2023 @06:39PM (#34828383)

While Trump advocated for spending, the spending bills come from House of Representatives. Trump helped reduce expenditures by starting the withdraw process from two-decade Afghanistan quagmire. He also got USA out of WHO.

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Re:How the U.S. Federal Reserve Went Broke by lazide on Thursday February 16, 2023 @09:03PM (#34829741)

I was pointing out that Trump kept threatening to fire the Fed Chairman if he didn't drop interest rates.

[https://www.reuters.com/article/us-usa-fed-trump-tweets/trum...]

This wasn't that many years ago!

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Re:How the U.S. Federal Reserve Went Broke by landemva on Thursday February 16, 2023 @10:38PM (#34830422)

The Fed was raising rates first couple years of Trump. And the economy was doing okay with higher rates.

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Re:How the U.S. Federal Reserve Went Broke by lazide on Thursday February 16, 2023 @11:56PM (#34830960)

Oh, I never said Trump was doing what he was because of any concern about the economy.

The fed wasn’t in his crosshairs at first, but when they started to raise rates…

Trump and his family has extensive real estate ties, and those were having trouble due to the rising rates.

So then he started threatening them, and miraculously, they took a break. Which seems to have helped his son in law avoid bankruptcy at the minimum.

Weird, huh?

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