Re: Trumpled (Alternative Leading)
Reply #4877 –
There was a story in the paper today about how Richard Nixon successfully leaned on the then Chair of the Federal Reserve to lower interest rates in the lead up to the 1972 elections to improve his re-election chances. The upshot of this was the inflation rate (which was 3.2% in 1972) rose to over 12% by the end of the decade.
The world economy will get whacked if Donny boy gets to set his own rates by replacing Jerome Powell with a patsy when his term ends in April.