Written by SK Ashby

(Cartoonist - Matt Davies)

In other news, Trump's fake TV lawyer Rudy Giuliani is reportedly planning to travel to Ukraine where he'll ask the government to open investigations of Trump's political opponents.

We're way beyond collusion here.

Meanwhile, the FBI is investigating the founder of the massage parlor where New England Patriots owner Robert Kraft was busted, Cindy Yang, for allegedly transferring foreign money to Trump's campaign.

Finally, it's possible Trump will get his wish for the Fed to lower interest rates. Atlanta Fed President Raphael Bostic say they might have to lower rates because Trump has chosen to escalate his trade war by increasing tariffs on Chinese goods from 10 to 25 percent.

Atlanta Fed President Raphael Bostic said Friday the central bank might have to cut interest rates if consumer spending suffers as a result of the new round of tariffs placed on Chinese goods overnight. [...]

“The consumer has not really seen the full effect of any of the tariffs to date,” Bostic said, during a talk with business leaders in Meridian, Mississippi.

“The first round of tariffs... most businesses, that we talked to, said ‘we did not pass through most of that elevated costs through to the final customer,’” he said.

But as tariffs get applied to a broader set of goods and the degree of the tariff goes up, businesses have told Fed staffers that “it is harder to forbear” from passing along prices to consumers, he said.

Have a great weekend.