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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHeather Cox Richardson is great as always:
September 18, 2024
Heather Cox Richardson
https://heathercoxrichardson.substack.com/
"SNIP..........
Bidens celebration of the countrys heritage might have doubled as a celebration of the success of his approach to piloting the economy out of the ravages of the pandemic. Today the Fed cut interest rates a half a point, a dramatic cut indicating that it considers inflation to be under control. Treasury Secretary Janet Yellen has maintained that it would be possible to slow inflation without causing a recessiona so-called soft landingand she appears to have been vindicated.
Federal Reserve chief Jerome Powell said: The labor market is in solid condition, and our intention with our policy move today is to keep it there. You can say that about the whole economy: The US economy is in good shape. Its growing at a solid pace, inflation is coming down. The labor market is at a strong pace. We want to keep it there. Thats what were doing.
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Powell was anticipating accusations from Trump that his cutting of rates was an attempt to benefit Harris before the election. Indeed, Jeff Stein of the Washington Post reported that Trump advisor Steven Moore called the move jaw-dropping. There's no reason they couldn't do 25 now and 25 right after the election. Why not wait till then? Moore added, "I'm not saying [the] reduction isn't justifiedit may well be and they have more data than I do. But i just think, 'why now? Alabama senator Tommy Tuberville called the cut shamelessly political.
The New Yorkers Philip Gourevitch noted that Trump has been begging officials worldwide not to do the right thing for years to help rig the election for himno deal in Gaza, no defense of Ukraine, no Kremlin hostages release, no border deal, no continuing resolution, no interest rate cuts etcjust sabotage & subterfuge.
.............SNIP"
SeanHG
(71 posts)What all great leaders do! /s
applegrove
(122,934 posts)Last edited Thu Sep 19, 2024, 05:54 AM - Edit history (1)
threatening Ukraine, by withholding needed arms if Zelensky didn't make up some lies about the Bidens, by Trump.
NJCher
(37,696 posts)The biggest baby on earth.
Please read Bum Rushs thread on how he fired the biggest winners on his show.
Ive never met or heard of a human being who insisted the world conform to his peculiar view.