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Powell is talking BS. higher long-term rates as ‘supply shocks’ provide policy challenges

Posted on 5/15/25 at 8:33 am
Posted by Jjdoc
Cali
Member since Mar 2016
54811 posts
Posted on 5/15/25 at 8:33 am
LINK


This moron needs to go!
Posted by Rip Torn
Member since Mar 2020
3613 posts
Posted on 5/15/25 at 8:34 am to
The sooner you realize those are political appointments and not economic scholars the better off you will be
Posted by Sput
Member since Mar 2020
8324 posts
Posted on 5/15/25 at 8:35 am to
Dude is trying to feed the globalist one last time before he exits next year
Posted by LSUnation78
Northshore
Member since Aug 2012
13514 posts
Posted on 5/15/25 at 8:35 am to
Hes talked himself into a knot, and at this point just banking on the fact 95% of the us population are finance illiterate.
Posted by TrueTiger
Chicken's most valuable
Member since Sep 2004
77045 posts
Posted on 5/15/25 at 8:39 am to
TDS makes nice people mean and smart people stupid.
Posted by ronricks
Member since Mar 2021
9923 posts
Posted on 5/15/25 at 8:46 am to
quote:

This moron needs to go!


Trump appointed Powell and told us what a great pick it was. We are stuck with him until next year.
Posted by TJG210
New Orleans
Member since Aug 2006
28873 posts
Posted on 5/15/25 at 8:49 am to
I voted for Trump and lowering interest rates is insanely idiotic at this juncture. Addiction to lower than historically normal interest rates is really troublesome. It’s like y’all want higher inflation.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
88023 posts
Posted on 5/15/25 at 8:50 am to
Too Later Jerome wants the recession
Posted by LSUnation78
Northshore
Member since Aug 2012
13514 posts
Posted on 5/15/25 at 8:55 am to
I want a fed chair who is consistent and doesnt play politics with the monetary policy like this guy has.

You cant say it one way when Obama is potus and then another when Trump is and expect to be taken seriously.
Posted by PorkSammich
North FL
Member since Sep 2013
15704 posts
Posted on 5/15/25 at 8:58 am to
Who the hell thought Powell was capable of this role???
Posted by RohanGonzales
Member since Apr 2024
5336 posts
Posted on 5/15/25 at 8:58 am to
quote:

Trump appointed Powell and told us what a great pick it was. We are stuck with him until next year.


So what? He used to get talked into shite, now he doesn't.
Posted by Meauxjeaux
98836 posts including my alters
Member since Jun 2005
43714 posts
Posted on 5/15/25 at 8:58 am to
They’re trying to frick over Trump with the massive amount of debt that needs to refinance this year
Posted by Meauxjeaux
98836 posts including my alters
Member since Jun 2005
43714 posts
Posted on 5/15/25 at 9:01 am to
quote:

Addiction to lower than historically normal interest rates is really troublesome.


Why can't low rates be the new normal.. like we were told for everything else?

It's clear inflation is back to normal.
Posted by TJG210
New Orleans
Member since Aug 2006
28873 posts
Posted on 5/15/25 at 9:31 am to
quote:

Why can't low rates be the new normal


Would you like runaway inflation? Do you want housing prices even higher than they are currently?
Posted by ronricks
Member since Mar 2021
9923 posts
Posted on 5/15/25 at 9:32 am to
quote:

He used to get talked into shite, now he doesn't.

Posted by TJG210
New Orleans
Member since Aug 2006
28873 posts
Posted on 5/15/25 at 9:36 am to
quote:

You cant say it one way when Obama is potus and then another when Trump is and expect to be taken seriously.


Who said what when obama was president?
Posted by TJG210
New Orleans
Member since Aug 2006
28873 posts
Posted on 5/15/25 at 9:40 am to
quote:

So what? He used to get talked into shite, now he doesn't.


Trump has no clue what he is talking about regarding economic policy. He’s just causing chaos with no rhyme or reason behind what he wants. Most of the stuff he wants contradicts each other. He needs advisors on things such as this.
Wants lower rates
Wants lower inflation
Wants lower oil prices

You lower rates, demand increases, fuel demand increases, fuel prices increase, inflation is back to rising.
This post was edited on 5/15/25 at 9:43 am
Posted by Reagan80
Earth
Member since Feb 2023
737 posts
Posted on 5/15/25 at 9:44 am to
Powell wants a crash so that Trump gets hurt politically.
Posted by BCreed1
Alabama
Member since Jan 2024
5359 posts
Posted on 5/15/25 at 9:46 am to
Wow. I met the new DUMBASS of the PT!

Posted by Reagan80
Earth
Member since Feb 2023
737 posts
Posted on 5/15/25 at 9:47 am to
Biden reappointed him, so how do you blame Trump for the reappointment?
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