re: Powell asked if the Fed will intervene if the stock market plummets?

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Yeah that doesnt jive with the monthly readings in that link and actually averages out to 8.7%

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US CPI was 280.806 on 12/2021 and rose to 298.808 by 12/2022. That’s 6.41% inflation for the calendar year.

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I was reading in another thread someone posted that they thought you were intelligent, just misguided. Personally, I'm not seeing it.

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That was me.

He’s so wrong so often that he must do it on purpose.

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What have I been wrong about?

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They could give you 35 examples and you will ignore them and call everyone morons and dumbasses.

You are special and let’s leave it at that.

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They could give you 35 examples and you will ignore them and call everyone morons and dumbasses

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So not one single example. I figured

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So hes waiting to see what Trump's policies will have on inflation and employment. Thanks

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Yep. You're welcome.

No charge.

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So hes playing politics.

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As usual, your logic is arse-backwards.

Playing politics would be the Fed lowering rates now to appease the POTUS and then if the tariffs have an inflationary effect, which Powell believes will happen, the Fed would have to raise rates soon to keep inflation in check.

THAT is what the Fed playing politics looks like.

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There was an oft-repeated message in Federal Reserve chair Jerome Powell’s press conference on Wednesday: Tariffs will raise consumer prices.

The U.S. central bank raised its inflation forecast for 2025, as have many economists, due to the expected impact of a trade war initiated by the Trump administration.

“A good part of it is coming from tariffs,” Powell said of the Fed’s elevated inflation estimate.

“I do think with the arrival of the tariff inflation, further progress may be delayed,” Powell said.

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CNBC

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2022: Inflation peaked, with the CPI-U annual average reaching 292.56, an 8.0% increase from 2021. The year-over-year inflation rate hit 9.1% in June 2022, the highest in four decades. By December 2022, it had moderated to 6.5%. Food prices rose 10.4%, energy 7.3%, and shelter costs also contributed significantly

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I’m not arguing your facts, but you can twist them however you’d like. It wasn’t record inflation, which is what you said. That would be like arguing Kishane Thompson’s 9.77 on the 100m in 2024 was a record since it was 9th all time and the fastest since 2022, despite Bolt’s 9.58 in 2009 being the actual record 100m.

The truth of the matter is inflation on a month to month basis took off in early 2021 and peaked in June 2022. The last 6 months of 2022 saw inflation at an annualized rate of 2.5% - it was the prior 18 or so months that did the damage.

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They could give you 35 examples and you will ignore them and call everyone morons and dumbasses.

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The political talk morons are trying to ruin this board too.

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It wasn’t record inflation, which is what you said

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Grok AI disagrees with you....



Record inflation refers to a notably high rate of inflation during a specific period, often compared to recent history or a particular economic context. It doesn't necessarily mean the highest ever, just significant enough to be noteworthy or record-breaking within a given timeframe or dataset.

Highest inflation ever refers to the absolute peak inflation rate in a country's or region's history, based on available data. For example, in the U.S., the highest inflation ever was around 14.6% in 1980, while "record inflation" might describe a high rate like 9.1% in 2022, which was a 40-year peak but not the all-time high.

Key Difference: Record inflation is relative and context-specific, while highest inflation ever is an absolute historical maximum.