President Trump has been agitating for a reduction in interest rates throughout his second term, even engaging in a public feud with former Federal Reserve Chairman Jerome Powell over the issue. Powell criticized Trump's tariffs and repeatedly rebuffed attempts to get him to budge on interest rates, insisting that the Fed must remain independent and warning of potential consequences of rashly changing interest rates driven by political whim and not economic factors.
The data is nuanced, which is a big reason why this debate is so interminable, because it is defined by naive content creators and hyperbolic posters like Will Stancil and the infinite number of tankies in his mentions endlessly arguing about economic data they have all spent a combined zero years studying in any serious depth. It is fucking exhausting for those of us who have been humbled by how much we don't know about this subject to hear people like Will Stancil say that it is 100% vibes while the people in his mentions say that data from the Bureau of Labor Statistics (BLS) is obviously faked.
“I think it was a mistake, because the real problem wasn't Lewinsky. The real problem was he committed perjury in a case involving sexual harassment when he was governor. And perjury's a felony.” He connected the Lewinsky scandal to the Paula Jones matter, where Clinton was accused of propositioning her in a hotel room, exposing himself, and asking her to perform oral sex, leading to a sexual harassment lawsuit and a later settlement in 1998.
In a ruling issued on Tuesday, a three-judge panel, which included two judges appointed by Donald Trump, rejected Alabama's latest attempt to gerrymander away the political power of Black people. The federal district court struck down the state's new congressional map as an unconstitutional racial gerrymander. Alabama has already indicated that it will file an emergency appeal.