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submitted 16 hours ago by MicroWave@lemmy.world to c/news@lemmy.world

Donald Trump has been losing his own battle to cut interest rates.

The president likes to vilify high rates as an affront to the size and strength of the U.S. economy, saying that America deserves the cheapest borrowing costs in the world. Trump for months publicly pressured the Federal Reserve to slash its benchmark rates, claiming it would be “Rocket Fuel!” for growth and make housing more affordable.

But since the war in Iran began at the end of February, borrowing money has become more expensive, meaning fewer families can afford mortgages or auto loans. The government is getting squeezed, too — as it has spent $827 billion so far this fiscal year to service the national debt, more than it has devoted to national defense.

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[-] content_educator_94@thelemmy.club 14 points 10 hours ago

I really wish this dude would just get an aneurysm and die already

[-] CapuccinoCoretto@lemmy.world 10 points 10 hours ago

That's a terrible thing to say. I hope its a slow growing, painful and completely debillitating and inoperable brain tumour.

[-] CapuccinoCoretto@lemmy.world 3 points 10 hours ago

That's a terrible thing to say. I hope its a slow growing, painful and completely debillitating and inoperable brain tumour.

[-] HumanOnEarth@lemmy.ca 15 points 12 hours ago

He doesn't understand inflation. Literally. Like if he sees the dow go to 175,000 in a week he would think it was all upside. And most of his followers.

Good time to move wealth into inflation hedges.

[-] frongt@lemmy.zip 10 points 13 hours ago

I can't think of a single fight he's won

[-] CapuccinoCoretto@lemmy.world 6 points 10 hours ago

The presidency, twice.

[-] monkeyslikebananas2@lemmy.world 3 points 12 hours ago

Somehow Death hasn’t been able to win.

[-] AmbientDread@piefed.social 15 points 14 hours ago

People are saying, when you govern via executive edicts signed with Dementia pen, this is what we all get. Bigly

[-] Racoonwithbenefits@lemmy.zip 9 points 15 hours ago* (last edited 15 hours ago)

Mortgages interest rates in the US are already double of europes

[-] Tango@piefed.ca 3 points 12 hours ago

Hey chat am I thinking of the Columbia or the Challenger right now?

this post was submitted on 01 Aug 2026
97 points (100.0% liked)

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