Would trump pressure fed to lower interest rates?
Do people think Trump will pressure FED to lower interest rates? Is there any incentive for Trump to do this once he’s in office since he can’t be re-elected? If he does this the value of the dollar is likely dead for a very long time, but tech job market may have a short term recovery. I imagine he won’t do anything, meaning Tech market will stay bad under him Curious what others think (No MAGA or Democrat shills please) #elections #president
Of course he will. Biden will too. Second terms: no consequences for doing it
How else will he be able to refinance his debts at a cheaper rate?
Trump contributed directly to the current tech layoffs with section 174 of his tax bill, significantly impacting R&D credits that supported SWE hiring. He doesn't care about tech.
That’s interesting, any reason Democrats didn’t try to reverse this policy? How is it affecting tech layoffs/SWE hiring?
Tax bills have to go through the house. Who controls that now? From the pragmatic engineer: Microsoft: $4.8B additional tax paid in 2023. The company generated a $72B profit that year, so this tax increase was manageable. It’s still a very large amount! https://blog.pragmaticengineer.com/section-174/
Trump Org has floating rate loans on their commercial real estate. So you bet your ass he’s got an incentive to do it. Literally his own pocket.
He will pressure, but the Fed doesn’t have to listen. There is a reason why it is an independent body.
He can fire Jeremy Powell though right?
"independent" "transient"
yesssss
he needs it to refinance trump tower, so yea probably
He will but FeD will follow their course. But Trump could cut spending and FED will then have to cut interest rates.
He did in 2018