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Started By
Message
Jerome Powell not budging
Posted on 8/12/25 at 1:29 pm
Posted on 8/12/25 at 1:29 pm
I say Powell doesn't budge and remains stubborn. Over and Under on firing date? I say 14 days.
9
Posted on 8/12/25 at 1:54 pm to MickeyDees
You do realize that he can't be fired, right?
Posted on 8/12/25 at 1:55 pm to VABuckeye
quote:
You do realize that he can't be fired, right?
I thought there was a round about that the Senate could confirm a replacement and push him out
Posted on 8/12/25 at 1:57 pm to MickeyDees
His stubbornness is the only thing keeping the country artificially afloat
Posted on 8/12/25 at 1:58 pm to Lsut81
It would have to be for cause and disagreeing on the fed policy is not cause. There's a reason the fed chair can't be fired by the president.
That, and the fact that we have more than enough parroting puppets now. Trump will lose any battle over cost overruns on the fed buildings because they're making up their own math as usual.
Just like 1500% reductions in prescription prices which is isn't humanly possible,
That, and the fact that we have more than enough parroting puppets now. Trump will lose any battle over cost overruns on the fed buildings because they're making up their own math as usual.
Just like 1500% reductions in prescription prices which is isn't humanly possible,
This post was edited on 8/12/25 at 2:03 pm
Posted on 8/12/25 at 2:13 pm to MickeyDees
You think Jerome just wakes up and makes the decision in 14 days?
His whole job is guiding the market to be setup for their policy so there are no surprises. Just look at what the market says is going to happen, and that is what will happen. Currently I'm seeing around 90% of a rate cut. He would have already came out and jawboned those odds down if it weren't happening.
You guys keep losing sleep over predictable outcomes though.
His whole job is guiding the market to be setup for their policy so there are no surprises. Just look at what the market says is going to happen, and that is what will happen. Currently I'm seeing around 90% of a rate cut. He would have already came out and jawboned those odds down if it weren't happening.
You guys keep losing sleep over predictable outcomes though.
Posted on 8/12/25 at 2:24 pm to MickeyDees
I don’t think the Fed meets for another month
Posted on 8/12/25 at 2:24 pm to Pendulum
Add Powell of Trump appointees that is competent and ends
up in the bin. The Rex Tillerson is strong in you.
up in the bin. The Rex Tillerson is strong in you.
Posted on 8/12/25 at 3:03 pm to VABuckeye
quote:
You do realize that he can't be fired, right?
I assumed this was a troll post at first, so I just downvoted and moved on. I suppose it’s possible that the OP is an idiot though.
Posted on 8/12/25 at 3:27 pm to MickeyDees
I am doing fine without a rate cut, so put me in the IDGAF section.
Posted on 8/12/25 at 4:39 pm to MickeyDees
The odds are at 95% cut after this CPI report
Hes cutting a .25
Hes cutting a .25
Posted on 8/12/25 at 4:39 pm to MickeyDees
It's like COVID all over again with the endless dangling of carrots in the face of the American people. The bright side is no matter what Powell is gone come May and we can get things back on track.
Posted on 8/12/25 at 8:43 pm to Suntiger
It was a troll post to see which idiots would make comments like you did. You win!!!
quote:
I assumed this was a troll post at first, so I just downvoted and moved on. I suppose it’s possible that the OP is an idiot though.
Posted on 8/13/25 at 8:14 am to VABuckeye
quote:
Just like 1500% reductions in prescription prices which is isn't humanly possible,
This is stupid. We all know that the prices are high, and in some cases 1500% too high. We know what he meant, and he didn't mean that prices would come down 1500%. You know this, too. Stop trying to use that as a "gotcha".
I believe that spending BILLIONS to overhaul a government complex is too much and we are being ripped off - probably by people who "donate" a lot of money for the right to rip off Uncle Sam. We aren't talking about building an entire new building. We are talking about a renovation...
John Stossel once did a special on two bathrooms in NYC parks - one public and the other private. The private park put in a new bathroom for $280,000 and it took 4 months. It was nice, and had multiple stalls and urinals for the park users. The public bathroom cost over $3 million, took 2 1/2 years, looked like it was built by the Soviets and had a single stall each for the men and the women.
Stossel asked the city official in charge of the public bathroom and he cited environment impact studies and paying union labor rates.
I think we come to expect it, and getting a government contract remains the easiest way to get rich in this country...
Posted on 8/13/25 at 8:30 am to MickeyDees
Yeah let’s lower rates so we can give inflation another nudge higher.
F that.
F that.
Posted on 8/13/25 at 8:37 am to DrrTiger
Yeah, inflation is better than expected. That doesn’t mean it’s good.
Posted on 8/13/25 at 8:39 am to SDVTiger
quote:
Hes cutting a .25
Already baked into the market or think we get a bump out of a cut?
Posted on 8/13/25 at 8:39 am to topherbrown21
Like when he cut rates last fall when inflation was higher?
Posted on 8/13/25 at 8:48 am to MickeyDees
Powell has been fine at his job. Talk of firing him is tv politics.
Posted on 8/13/25 at 9:03 am to Lsut81
quote:
Already baked into the market or think we get a bump out of a cut?
Since they have it at 90% odds now i would assume baked in
But it will move the market. He might even do a .5
quote:
Bessent wants 50bp in September.
Great minds think alike
This post was edited on 8/13/25 at 9:11 am
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