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Money and Finances
Reply to "Armchair economists, can you cut rate with rising prices?"
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[quote=Anonymous][quote=Anonymous]Rates are not that high and should not be cut. We need people to be saving more money. People are still spending money; if rates were cut they'd spend even more and prices would rise faster than wages. Also, I think JPow will never cut rates during this administration out of spite. He's not wrong for refusing to cut though. [/quote] I agree Powell has every reason to hate Trump because Trump is being a giant dick to him. Maybe I am naive but I think of Powell as a true technocrat that will take the course of action supported by the data regardless of politics and personal feelings. That and the other FOMC members will vote against him if he is wrong.[/quote]
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