“Egg prices are down much more than Biden-inspired prices [sic] Just a few weeks ago. “Grocery” and gasoline are also down. Now, if the Fed is right and has a low interest rate, that's great!!!” the president said. The true societyLate Thursday night.
The Fed announced Wednesday that it would maintain a stable rate in the 4.25% to 4.5% range, even though it indicated that the US economy may be leaning towards a slowdown.
Trump also put pressure on the Fed with a social post of truth on Wednesday night, saying, “The Fed will be much better.” Reduction rate US tariffs begin to shift the path to the economy (easy!). ”
He emphasized that the administration is set to unleash a new batch of mutual tariffs on April 2nd.
Federal Reserve Chairperson Jerome Powell Citing looming tariffs at his press conference earlier this week, they threatened to slow the economy's growth even further, claiming that inflation would return to the 3% annual mark.
Read the full report at thehill.com.
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A real reading
Major business and economic news with more impacts than this week:
Tesla attacks fear of political violence
Elon Musk's violent protests in Tesla's showroom and charging stations for weeks have fueled concerns that political tensions could reach a boiling point amid rage and frustration over Musk's efforts to cut the federal bureaucracy.
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Trump suggests that law firms “want to do a deal” after rescinding Paul and Weiss' orders
President Trump defended a series of enforcement actions he took on Friday to target major law firms related to individuals who hold grems.
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Watchdog is seeking ethical investigation into Lutnick's Tesla stock plug
The Campaign Legal Center (CLC) on Friday called for an investigation into whether Commerce Secretary Howard Rutnick's recent comments were recent comments encouraging Americans to buy Tesla shares.
The complete story
Secretary of Commerce: No one except “con artist” will complain about missing out on the Social Security check
As Trump's allies increased rhetoric about the program's potential waste amid major restructuring efforts in the agency that oversees the program, Howard Lutnick of Commerce has issued warnings to “con artists” who receive Social Security benefits.
The complete story
Tax Watch
Bescent Blast CBO Accounting prior to estimate tax cut costs
Welcome to Tax Watcha new feature focused on the fight for tax reform and pushes to extend Trump's tax cuts in 2017.
Treasury Secretary Scott Bescent blew up the Congressional Budget Office (CBO) this week. Official Legislative Reporter He will be responsible for tallying the deficit effects of the new law.
“Shy,” he said in an interview with the “All-In” podcast this week. “I've been in the investment business for 35 years. I said with great confidence, “This is what the CBO scores say.” And I see that you didn't know – when you're on this side of the wall, you realize how crazy it is.
“It's crazy,” he said again.
Republicans are preparing to potentially add The sign to national debt by extending or making Trump's tax cuts permanent in 2017.
The CBO estimated on Friday that Trump's permanent tax cuts would raise his debts more 200% By 2054, the number of gross domestic product that will increase to 250% if interest rates increase by 1% over the long term will be 250%.
Another estimate by the University of Pennsylvania found that permanent reductions would add $7.7 trillion to the deficit by 2034.
Biden's Secret Deal Chevron has allowed Venezuela millions to pay (Bloomberg))
What others are reading
Top story on Imahikari:
Trump says student loans will move to SBA and HHS for “special needs”
President Trump said Friday that he moved federal student loan handling to the Small Business Administration (SBA), and programs for students with disabilities to the Department of Health and Human Services (HHS), as his White House is about to decline and eventually eliminate it… read more
UK Issues Travel Warning
The UK updated its travel advice to the US on Thursday, warning of harsh consequences for UK passport holders violating US immigration laws. read more
What do people think
Opinions on business and economic issues submitted to the hill:
Building housing on federal land could reduce costs if cities are curbed
