The Federal Reserve raised interest rates on Wednesday and flagged
further increases in borrowing costs in coming months, with new U.S.
central bank chief Kevin Warsh joining a unanimous decision that
effectively acknowledges the Trump administrationrCOs inability so far to control inflation.
While President Donald Trump had promised to lower prices on his watch,
the combined impact of his global import tariffs, an energy shock
following the start of the U.S.-Israeli war with Iran, and capital
spending from the artificial intelligence boom has kept price pressures intense enough that the Fed felt it needed to raise its benchmark
overnight interest rate by a quarter of a percentage point to the 3.75%-4.00% range.
https://www.huffpost.com/entry/fed-rasies-rates-kevin-warsh-donald- trump_n_6aaad9a3e4b05a5eaee2d10e
What do you expect from the least educated president, he is only good at running everything into the ground, the bankruptcy expert.
Trump is nothing more than a con man. That he is a great negotiator and businessman is the one of the biggest lies he told to become President.
A whole bunch of maga deplorables followed him to the toilet knowing
what they will get.
On a daily basis, Trump tells us inflation is down, grocery prices are
down, gas prices are down, home prices are down, the Iran war is already over, drug prices are down. He must think American people are stupid. Is
he on drugs?
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