We can’t control what others do and we can’t stop misfortune from striking. But we can control our own actions. Those who are financially prudent will most likely enjoy success, even if events don’t always go their way.
“The Federal Reserve raised its benchmark interest rate at the conclusion of its September meeting after consumer prices rose again in August amid the war with Iran — and despite continued pressure by President Donald Trump to bring rates down.
In an effort to tame inflation, the central bank’s Federal Open Market Committee, led by Chairman Kevin Warsh, raised the federal funds rate by one quarter percentage point to a target range of 3.75% to 4.0%. The move is expected to ripple across the economy, with consequences for everything from credit cards and car loans to savings accounts.
Source: excerpt from CNBC
I must say, it is encouraging that the Fed appears to have done the right thing even in the face of pressure from Trump who now has to acknowledge the state of the economy – not that he will of course.
Anything that happened under Biden is irrelevant related to Trump. You know as well as I do what caused inflation during the Biden years and if you don’t, look it up.
The Fed goal is two percent inflation and now to head toward that they are trying to squelch buying and borrowing. As you may recall Trump has called for lower interest rates. It will be see what happens now especially right now inflation is directly related to Trump’s actions.
QUINNSCOMMENTARY 
but you had NO problem with. Idens 9%….you lean so far left I am surprised you can even sit..
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First, that is irrelevant to 2026.
Second, you do recall the reasons for that high inflation?
Nothing Biden, Obama, Bush or anyone else did is relevant. Referring to them as some kind of excuse is childish metooism.
Third, of course everyone had a problem with 9% and during final months it was 2.7% to 3%
It’s not a matter of left or right, but a matter of common sense, facts and circumstances.
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so as an economist you claim to be…after monther of inflation over 5, 5. 7, 8 then 9 %….. how is it supposed to be reduced….minus 15%…
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Sorry, don’t understand what you are saying.
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month after month of bidens inflation…what number is supposed to be achieved to get it back to 2020 numbers…
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Anything that happened under Biden is irrelevant related to Trump. You know as well as I do what caused inflation during the Biden years and if you don’t, look it up.
The Fed goal is two percent inflation and now to head toward that they are trying to squelch buying and borrowing. As you may recall Trump has called for lower interest rates. It will be see what happens now especially right now inflation is directly related to Trump’s actions.
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