Best Trump move for lower rates:
Trump to Powell: What happens if you stop paying interest on reserves?
Powell: Market forces drop the Fed funds rate to 0%.
Trump: So you're saying the free market is wrong? Stop your government interference and stop paying that interest!
Tariffs are a tax.
The $ to pay taxes comes from gov spending.
But Gov spending is being cut.
This shifts the economy to 'default' mode
characterized by declining tax revenues from slowing sales/employment along with rising transfer payments= increased deficit spending.
Proposal for UK:
US buys £500billion from BOE for its sovereign wealth fund.
UK spends all those $ on US exports.
Trump gets all their money and gets back all of his money
and the US trade deficit falls in one big beautiful all time great trade deal!
https://t.co/X6zIWv7sKR
In mid-January, China will experience an extremely fierce warming, and temperature in most areas will hit the highest record of the same period! Such a large-scale and fierce warming is unprecedented in January! @extremetemps
JUST IN: Telecommunications company C Spire has removed all advertising from the Olympics after they mocked Christianity in their opening ceremony.
C Spire is the sixth-largest wireless provider in the United States.
"We were shocked by the mockery of the Last Supper during the opening ceremonies of the Paris Olympics. C Spire will be pulling our advertising from the Olympics," the company announced on X.
Mississippi Governor Tate Reeves chimed in after the announcement.
"I am proud to see the private sector in Mississippi step up and put their foot down. God will not be mocked. C Spire drew a common-sense, appropriate line."