FOMC lowers the Funds Rate 0.25 to 4.25 on a vote of 11-1

Trump's new cry baby appointee Stephen Miran voted against it because he wanted a cut of 0.5 instead lol.

Only "one official did not want any cuts, including Wednesday’s."

Story here. 

What fools these people are! What fools they think we must be!

 

Trump's Tax Cuts Spurred Growth. BBB Will Do It Again

Hassett & Miran, USA Today

 

TRUMP'S TAX CUTS SPURRED NOTHING. 

 

AND NOTHING NEW HAS BEEN CUT NOW, JUST EXTENDED.

 

THERE IS NO NEW FUEL FOR ECONOMIC GROWTH. 

 

Real GDP since 1Q2017 has grown at a compound annual rate of 2.43%, 23% BELOW the post-war rate of 3.17% from 1Q1947.

 

The Trump tax cuts have been a failure.