Bessent Demands Powell Lower Rates By One Million Points
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In a move that might just destroy the entire global economy, Treasury Secretary Scott Bessent has demanded that the Fed cut the inflation rate by one billion base points.
In an interview with Bloomberg today, Bessent said, “I think we could go into a series of rate cuts here, starting with a 50 basis point cut in September. If you look at any model, we should probably be 150, 175 basis points lower.” Bessent continued to say off camera in a low whisper just to me, “Actually, I think it should be more like one TRILLION!”
Inflation rates stayed steady at 2.7% in July, but Trump, Bessent, and the rest of the White House want that to be at least 1.5% to 1quadrillion% lower than that.
Following data from the Bureau of Labor Statistics, Bessent said they could have cut rates in June and July but didn’t. Jay Powell looking extra sweaty rn.
In the same interview, Bessent said that Trump’s unprecedented tax, sorry, ‘bribe’, sorry ‘revenue-share’ of 15% of Nvidia and AMD Chinese chip exports could be expended to other sectors. “I think we could see it in other industries over time. I think right now this is unique, but now that we have the model and the beta test, why not expand it?” …because you’ve not tested it yet, Scott.
Anyway, that’s about all there is on this news story today, but I’ve still got a word count to hit so let’s see what’s trending on X… #TrumpEpsteinFiles, #TrumpisontheEpsteinList, #Trumpstein, oh, ok, so nothing new then.
Back to work, people!
For more news like this, click here: Jerome Powell Is Getting Fired, Here Are The Top 5 Likely Replacements
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