2026-09-16 19:48 UTC
Replies (2)
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@Pyr_Pressure@lemmy.ca 2026-09-17 03:47
Yet I think Canada’s interest rates have been dropping steadily the past year and almost back to previous levels If I read their reports correctly. Wonder why the difference.
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@CountVon@sh.itjust.works 2026-09-16 20:48
The rate hike is a surprising turnaround for Fed Chair Kevin Warsh, who was appointed by U.S. President Donald Trump and took over the top job in May. While under consideration by Trump last year, Warsh often suggested the Fed could reduce its key rate, echoing the president’s call for lower borrowing costs. Common Trump L. Appoint someone who’s telling you what you want to hear, then watch them turn around and do the exact opposite once they’re secure in their position. Trump can’t fire Warsh now that he’s been appointed Fed Chair, just like he couldn’t fire the preceding Chair, Jerome Powell. The inevitable storm of late-night rage-tweets is going to be delicious.