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by landemva 1215 days ago
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. The Fed helps the government with deficit spending.
1 comments

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!

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