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Igel

(37,282 posts)

2. "These people" wouldn't be able to make the suggestion under a (D) president.

Tue Dec 23, 2025, 02:40 PM

Tuesday

"They" was (since it's just Bessent) appointed by Trump.

Nothing kept the previous Treasury secretaries from making the suggestion. Maybe they did, in private or in an offhand comment that nobody bothered to report on.

I like the lower figure. Inflation is depreciation of the currency. If you have fixed debt, it's great because you pay back with depreciated dollars. If you have assets, then you see what you thought was good decrease in value. That means long-term treasury debt, any asset that doesn't increase at the same rate of inflation.

Higher interest also pushes up the current rates for new issues of Treasury debt. So for the government it's a two-edged sword: The trillions in debt become worth less but new debt costs more.

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Chasstev365

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Highlight:

Bessent Sees Room for a Future Revamp of the Fed's 2% Target [View all] BumRushDaShow Tuesday OP

Of Course, because a Democrat is not president. Chasstev365 Tuesday #1

"These people" wouldn't be able to make the suggestion under a (D) president. Igel Tuesday #2

Historically, republicans care much more about keeping inflation low than keeping unemployment low. unblock Tuesday #3

Oh FFS, Beserk, who are you trying to fool? The Fed has cut interest rates 3 times beginning September 17, despite progree Tuesday #4

Trump: "I want my new Fed Chairman to lower Interest Rates if the Market is doing well, not destroy the Market" progree Yesterday #5

I don't believe ANY numbers coming from these corrupt freaks Skittles Yesterday #6