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re: Powell hints/suggest there will be no more rate cuts this year

Posted on 5/7/25 at 5:44 pm to
Posted by notiger1997
Metairie
Member since May 2009
60812 posts
Posted on 5/7/25 at 5:44 pm to
quote:

Powell has to go. He's a fricken traitor.


Any particular reason you would post this?
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
130394 posts
Posted on 5/7/25 at 6:21 pm to
Good
Posted by kaaj24
Dallas
Member since Jan 2010
798 posts
Posted on 5/7/25 at 6:48 pm to
What is he supposed to do?

Tariff policy is fluid.

Upcoming tax legislation not law.

Too many variables unknown
Posted by Civildawg
Member since May 2012
9769 posts
Posted on 5/7/25 at 6:51 pm to
My whole question is why did he cut half a point last year then? He should have kept rates the same or maybe a .25 cut but pressure was building and he caved
Posted by TheWalrus
Land of the Hogs
Member since Dec 2012
44533 posts
Posted on 5/7/25 at 7:20 pm to
There are two posters on here who are clearly cheerleading for lower rates for some sort of personal benefit. They are like LSU fans complaining about the refs.
Posted by AndyJ
Member since Jul 2008
3120 posts
Posted on 5/7/25 at 7:26 pm to
Who cares? If he is playing political games, he will do so closer to the election.
Posted by ApexHunterNetcode
Member since Aug 2023
595 posts
Posted on 5/7/25 at 7:31 pm to
No he didn't. Did you listen or just look at some click bait? With your intelligence level, reads like click bait. He explicitly declined to comment on timing and said there are conditions that would signal rate cuts, potentially even preemptively, but that point hasn't been reached yet based on the mandate of the Fed.
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
71539 posts
Posted on 5/7/25 at 8:07 pm to
Zerohedge analysis is where I got my news
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
87662 posts
Posted on 5/7/25 at 9:38 pm to
quote:

Powell: The 2024 rate cuts weren't preemptive. "If anything, it was a little late."


Too Late Jerome confirming his name


He didnt say anything of the sort like the OP suggests

quote:

Powell: If inflation is rising while unemployment is going up, which isn't a choice we currently face, "this would be a complicated and challenging judgment that we'd have to make."


He knows that Jobs report was mierda
Posted by Longhorn Actual
Member since Dec 2023
2361 posts
Posted on 5/7/25 at 10:09 pm to
quote:

Powell hints/suggest there will be no more rate cuts this year


Someone check on SDVTiger. Poor guy's probably swinging from a ceiling fan by now.
Posted by slackster
Houston
Member since Mar 2009
89806 posts
Posted on 5/8/25 at 12:57 am to
quote:

My whole question is why did he cut half a point last year then? He should have kept rates the same or maybe a .25 cut but pressure was building and he caved


Market pressure, not political pressure.

Regardless, I want someone to explain to me how 6 weeks of .50% lower rates was supposed to sway jack shite in the election. If he wanted to give Biden any real political benefit, he would have been cutting in January 2024, not fricking September.
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
131248 posts
Posted on 5/8/25 at 6:21 am to
quote:

What is he supposed to do?
His job. Nothing more. Nothing less.
Obviously some here feel that is exactly what he is doing.

The problem I have with him is he (or the FOMC under his leadership) was late to act in both 2019 and 2021. IIRC Powell has basically admitted as much. Now it appears he's doing the same thing a third time. Assuming Powell and the FOMC are intelligent and competent, that leaves politics as the motivator.

IMO, the moment JP switched inflation rhetoric, announcing tariffs as factually inflationary rather than a one-off price bump, is the moment he gave up the ghost on this.

Now, perhaps he's simply parroting an FOMC majority position, as he has with the Fed involvement with climate change stuff. It's hard to know, but as his is the Fed's public voice, it doesn't really matter.

The importance of Powell's position though, is that FOMC has no tools in its shed to directly affect a tariff price bump. The Fed's tools are designed to impact classic inflation d/t a monetary quantity:output mismatch. Deploying those tools vs tariffs is an attempt to treat via negative side effect ... in this case, "negative" equates to recessionary.
Posted by cadillacattack
the ATL
Member since May 2020
7763 posts
Posted on 5/8/25 at 7:51 am to
quote:

Amen It’s amazing to read on a certain other board how many people know nothing about this and are absolutely convinced that Powell is not cutting just to try and hurt Trump.


Agreed …. JPow will announce no less than 3 Fed rate cuts before the end of 2025. The Fed is trapped ….
Posted by LSURussian
Member since Feb 2005
131216 posts
Posted on 5/8/25 at 7:55 am to
C'mon, Jerome, inflation is still above your desired target rate, unemployment is still near historical lows, tariffs are going to increase prices, it's time for you to RAISE rates!

Do your duty!
This post was edited on 5/8/25 at 8:00 am
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
131248 posts
Posted on 5/8/25 at 8:25 am to
Posted by RoyalWe
Prairieville, LA
Member since Mar 2018
3757 posts
Posted on 5/8/25 at 8:25 am to
Still a lot of 2025 to go. I'm skeptical of anyone who thinks they know what's going to happen (especially Powell, because he knows better).
Posted by FizzyPop
350 posts
Member since Jun 2024
631 posts
Posted on 5/8/25 at 8:28 am to
quote:

Who cares? If he is playing political games, he will do so closer to the election.


That's going to be hard for Powell to do since his position ends in May 2026 and there is a 100% certainty he's not being retained. So with that said and using your own logic, then one can surmise that he's playing political games now due to a compressed tenure.
Posted by HVAU
Up over here
Member since Sep 2010
5040 posts
Posted on 5/8/25 at 8:38 am to
quote:

C'mon, Jerome, inflation is still above your desired target rate, unemployment is still near historical lows, tariffs are going to increase prices, it's time for you to RAISE rates! Do your duty!


Yeah. Why is he playing politics? He’s just trying to hurt [insert politician to which one has an unhealthy allegiance] by not raising rates.
Posted by AndyJ
Member since Jul 2008
3120 posts
Posted on 5/8/25 at 10:48 am to
Nope. I do appreciate your input on his term, though. My point is that what happens now has minimal impact on political fortunes in November 2026. Democrats screamed about their 401ks when the stock market dropped. Now it has bounced back… so they did not win there politically. If rates dropping are a political win, having them dropping in 1 year are much more relevant than them dropping now.
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
131248 posts
Posted on 5/8/25 at 11:14 am to
quote:

Only low iq idiots or low iq real estate agents think this.
Interesting.
What do the really bright folks think about labeling a single step tax increase or tariff as inflationary? What do they say about FOMC policy ability to redress tariff costs?
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