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US interest rates raised for first time in three years

121 points · 126 comments · higginsniggins

  1. TrackerFF · · focus · HN ↗
    Incoming unhinged POTUS rants and demands in 3…2…1…

    But you know what, I’m glad to see that the fed is still operating independently. The doomer in me thought they’d fold to Trump, especially right before the midterms.

    1. defrost · · focus · HN ↗
      There appears to be more and more people throwing back against Trump; after the courts recently again said no to his need to plaster his name on the Kennedy Centre, he went a wailin' to his supposedly in pocket Kennedy Centre board:

        But even that is not providing him comfort these days. Representative Joyce Beatty (D-OH), an ex-officio member of the Kennedy Center board and the member who sued over his takeover of the center, explained to Symone Sanders-Townsend of MS NOW that Trump called into the board meeting after the court decision and “went into a tantrum.”
      
        While most people appear to have refused to confront Trump to his face—Maine governor Janet Mills’s “We’ll see you in court” was so rare it made headlines—Beatty took him on. She recounted: “It was the most unprofessional thing that I’ve ever witnessed or been a part of it.” But after he called her “an obstructionist” and “dumb” and said he thought she was “incompetent,” she retorted: “I know you’re incompetent.” Beatty appealed to the chair to stop Trump’s unprofessional behavior, but when he continued to berate her, claiming it would be her fault if someone were killed at the center, she responded: “You’re already killing people, we’re at war.” And when he talked about what a great developer he was, she “reminded him that he had more bankruptcies than anybody in the room.”
      
        “I mean, it really went there,” Beatty told Sanders-Townsend. “I was not going to let him bully me, intimidate me. And the facts stand for themselves.”
      
        Indeed, these days, facts across the board are challenging Trump’s image of himself.
      
      ~ Letters from an American (September 16, 2026) <a href="https:&#x2F;&#x2F;heathercoxrichardson.substack.com&#x2F;p&#x2F;september-16-2026" rel="nofollow">https:&#x2F;&#x2F;heathercoxrichardson.substack.com&#x2F;p&#x2F;september-16-202...
    2. aurareturn · · focus · HN ↗
      At this point, people don&#x27;t even care about his rants.
      1. qzw · · focus · HN ↗
        Some care enough to pay $100K to get them before everyone else.
    3. kakacik · · focus · HN ↗
      This is one thing that gives me a sliver of hope for our future relations as European, please keep &#x27;civil disobedience&#x27; up to these unhinged oligarchs for better future of us all.
      1. throwaway132448 · · focus · HN ↗
        Move on. When someone tells you who they are, multiple times, listen. Don’t act like you’re in an abusive relationship.
    4. vintermann · · focus · HN ↗
      He didn&#x27;t, oddly enough. He said he &quot;disagreed with it&quot; but had confidence in the central bank. Basically that he had no problem with it. This suggests to me he thinks he&#x27;ll benefit from it somehow.
      1. wesleywt · · focus · HN ↗
        He did say he would be an awesome Fed Chair, can he appoint himself?
      2. vel0city · · focus · HN ↗
        Don&#x27;t lie.

        Interest Rates in the United States should be 1%, or less, because we are the Best Credit in the World — BY FAR. Our Country is BOOMING with new Investment! If we stopped Trading with every country that we have a Deficit with, which is most of them, we would make, at least, 1.5 Trillion Dollars a year. The word “Deficit” is nothing more than a fancy word for LOSS. We are “carrying” almost every country in the World, and that cannot go on any longer. LOWER THE INTEREST RATES FOR THE UNITED STATES OF AMERICA, AND FAST! President DONALD J. TRUMP

        <a href="https:&#x2F;&#x2F;truthsocial.com&#x2F;@realDonaldTrump&#x2F;posts&#x2F;117282643318690567" rel="nofollow">https:&#x2F;&#x2F;truthsocial.com&#x2F;@realDonaldTrump&#x2F;posts&#x2F;1172826433186...

        He is demanding 1% rates and to cut off all foreign trade because that&#x27;ll somehow make $1.5T.

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