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Why the hell is the Fed thinking about lowering interest rates?
Posted on 8/2/24 at 2:30 pm
Posted on 8/2/24 at 2:30 pm
We finally make progress slowing inflation down and then they want to lower the rates and cause the inflation to come back with a vengeance.
If only we had some basic economic principles that the people in charge could know and abide by we could get out of this mess……… oh wait we do but none of the people in charge want to actually do it because it would be hard for a while and might be unpopular with all the uneducated voters out there.
(Edited to clarify that I disagree with lowering rates)
If only we had some basic economic principles that the people in charge could know and abide by we could get out of this mess……… oh wait we do but none of the people in charge want to actually do it because it would be hard for a while and might be unpopular with all the uneducated voters out there.
(Edited to clarify that I disagree with lowering rates)
This post was edited on 8/2/24 at 2:42 pm
28
Posted on 8/2/24 at 2:31 pm to cbree88
I thought that was their point??
Also Poly Board...
Also Poly Board...
Posted on 8/2/24 at 2:33 pm to cbree88
People are broke.
Posted on 8/2/24 at 2:33 pm to cbree88
quote:
Why the hell is the Fed thinking about lowering interest rates
quote:
We finally make progress slowing inflation down and then they want to raise the rates and cause the inflation to come back with a vengeance.
:watgif:
Posted on 8/2/24 at 2:34 pm to cbree88
quote:
Why the hell is the Fed thinking about lowering interest rates?
quote:
they want to raise the rates and cause the inflation to come back with a vengeance.
Posted on 8/2/24 at 2:34 pm to cbree88
Just an attempt to set up failures just before Trump takes office.
Posted on 8/2/24 at 2:34 pm to cbree88
election time
Posted on 8/2/24 at 2:36 pm to Norla
Poli board? The OT isn't capable of discussing monetary policy and inflation? We all spend money.
Posted on 8/2/24 at 2:36 pm to cbree88
It’s a 0.25 to half a point. You are acting like zero rate environment is being proposed.
Posted on 8/2/24 at 2:38 pm to cbree88
quote:
Why the hell is the Fed thinking about lowering interest rates?
quote:So which is it?
they want to raise the rates and cause the inflation to come back
Posted on 8/2/24 at 2:41 pm to jizzle6609
quote:
People are broke.
But this is fighitng fire with fire. Reducing interest rates will raise prices but not necessarily salaries, ergo buying power goes down and people are broker than they were before.
Posted on 8/2/24 at 2:42 pm to cbree88
quote:
We finally make progress slowing inflation down
I was told this was bullshite propaganda by the libs and everyone knows it.
Posted on 8/2/24 at 2:42 pm to tadman
quote:
But this is fighitng fire with fire. Reducing interest rates will raise prices but not necessarily salaries, ergo buying power goes down and people are broker than they were before.
Exactly. That’s my point. You get it.
Posted on 8/2/24 at 2:45 pm to jizzle6609
quote:If so then the same people will be broke no matter what the Fed does.
People are broke.
Posted on 8/2/24 at 2:46 pm to 4x4tiger
quote:whether you like it or not they are linked.
Poli board? The OT isn't capable of discussing monetary policy and inflation? We all spend money.
Tangible results of the Biden administration’s inflation plan would be the Fed feeling comfortable enough to lower rates. It’s an election year, and there is pressure from the Biden administration to lower rates so that they can say their plan worked.
And this isn’t just a democrat thing. Trump put pressure on the fed to keep rates low so that the economy would keep running red hot.
Posted on 8/2/24 at 2:46 pm to tadman
quote:
But this is fighitng fire with fire. Reducing interest rates will raise prices but not necessarily salaries, ergo buying power goes down and people are broker than they were before.
I didn't say give them money chief.
I'm perfectly OK going into a recession tomorrow. To be honest itll put us in better position long term so I am more than ok with going into one actually.
Sad but true.
Posted on 8/2/24 at 2:47 pm to LSURussian
quote:
If so then the same people will be broke no matter what the Fed does.
Correct but keep them happy until the election.
Posted on 8/2/24 at 2:48 pm to tadman
quote:
But this is fighitng fire with fire. Reducing interest rates will raise prices but not necessarily salaries, ergo buying power goes down and people are broker than they were before.
Did you speak out when Trump was beating up the Fed, demanding lower rates when they were already historically low?
If the Fed has determined that inflation is under control, they should lower rates incrementally. This isn’t a random idea.
Posted on 8/2/24 at 2:49 pm to jizzle6609
quote:
People are broke.
No they aren’t. People are still spending, spending, and spending like there’s no tomorrow. That’s why car dealerships can get away with selling Tahoes and trucks for $80,000.00.
The price would go down significantly if people stopped being willing to pay that much for them. Nobody is willing to do without top of the line stuff and live simply today.
Interest rates need to go higher because apparently we haven’t discouraged excessive spending yet.
This post was edited on 8/2/24 at 2:59 pm
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