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Message
I’m no big Jerome Powell fan but…
Posted on 4/29/26 at 4:13 pm
Posted on 4/29/26 at 4:13 pm
If you take politics out of the equation, there is no way interest rates should be lowered. They are basically exactly where they should be. Historically speaking, they are currently still in the lower to average range.
Inflation is still not controlled. Yes, it has come way down, but there are still significant inflationary issues and the increase in oil prices won’t allow it to go down. Tariffs also have also helped keep inflation elevated.
Unemployment is still good, although this AI revolution seems to say it will increase significantly. As long as it’s at the current levels, rates will not be lowered, there is no need to stimulate job growth.
Housing is not doing well and lower rates would help that sector, but lower rates would also cause housing prices to go up, thus more inflation.
Inflation is still not controlled. Yes, it has come way down, but there are still significant inflationary issues and the increase in oil prices won’t allow it to go down. Tariffs also have also helped keep inflation elevated.
Unemployment is still good, although this AI revolution seems to say it will increase significantly. As long as it’s at the current levels, rates will not be lowered, there is no need to stimulate job growth.
Housing is not doing well and lower rates would help that sector, but lower rates would also cause housing prices to go up, thus more inflation.
This post was edited on 4/29/26 at 4:14 pm
12
Posted on 4/29/26 at 4:17 pm to Skippy1013
quote:
Inflation is still not controlled. Yes, it has come way down,
It’s increasing now. It will continue to increase as this conflict continues.
Posted on 4/29/26 at 4:22 pm to Skippy1013
quote:Gen Z unemployment is ~10%.
Unemployment is still good
That's "still good"?
Posted on 4/29/26 at 4:24 pm to Skippy1013
No problem with your argument at this time… late April. First 6-9 months if Trumps presidency, I have a problem.
Same stuff under Biden. Politics. Rates kept too low for way too long to help Biden administration. No case could be made for that shite. Powell is very much political.
Same stuff under Biden. Politics. Rates kept too low for way too long to help Biden administration. No case could be made for that shite. Powell is very much political.
Posted on 4/29/26 at 4:28 pm to Decatur
quote:No it isn't. Powell's statement is that costs are up d/t tariffs (a one off) and oil (temporary war effect). What FOMC action is going to press those numbers downward?
It’s increasing now.
See?
That is the problem. No matter how hawkish the Fed is, high FFRs have ZERO EFFECT on the variables Powell is citing. But they damn well do impact unemployment which is already running an atrocious 10% for Gen Z.
Posted on 4/29/26 at 4:39 pm to NC_Tigah
quote:
No it isn't. Powell's statement is that costs are up d/t tariffs (a one off) and oil (temporary war effect).
You seem to be contradicting yourself here. Tariffs and wars are generally inflationary.
Posted on 4/29/26 at 4:43 pm to Skippy1013
Inflation is below 2% and UE #s are BS
Cut the rates at least 1%
Cut the rates at least 1%
Posted on 4/29/26 at 4:46 pm to Skippy1013
Agreed, they are fine where they are.
Posted on 4/29/26 at 5:02 pm to Skippy1013
Rates need to stay where they are at or increased slightly.
Trump should have been pushing for higher rates in his first term if we are being honest
Trump should have been pushing for higher rates in his first term if we are being honest
Posted on 4/29/26 at 5:11 pm to Decatur
quote:First off, words matter. "Wars" in terms of Iran is a verrrry loose usage. My contention, and Powell's, deals with oil prices d/t geography rather than global war pressure. But if you are applying the premise to devaluation of the Iranian rial you've got a point.
Tariffs and wars are generally inflationary.
Second, inflation is an economic pressure, not a one-off price increase. "Inflation is always and everywhere a monetary phenomenon." Not a singular price increase. E.g., an increase in corporate taxes has never once in the history of the planet been regarded as inflationary. Yet, weren't you on this board discussing tariffs in exactly those tax terms?
Posted on 4/29/26 at 5:19 pm to SDVTiger
Man, you really are the embodiment of stupidity being a choice.
You still won't be able to afford that skiff you've had your eye on, Cap even with a 1% cut......which is stupid, even for you.
You still won't be able to afford that skiff you've had your eye on, Cap even with a 1% cut......which is stupid, even for you.
Posted on 4/29/26 at 5:44 pm to NC_Tigah
quote:
First off, words matter. "Wars" in terms of Iran is a verrrry loose usage.
And I used conflict earlier in the thread. So what?
The attack on Iran has caused energy prices to increase. That’s inflationary. And it seems to be the biggest reason why rates were unchanged.
Posted on 4/29/26 at 5:53 pm to KiwiHead
Wow you really brought the substance like always
Posted on 4/29/26 at 5:57 pm to Skippy1013
True or false, lowering interest rates would make it easier for companies to afford to build manufacturing plants in the US which would reduce the amount of goods subject to tariffs.
Posted on 4/29/26 at 6:00 pm to Skippy1013
BS
Posted on 4/29/26 at 6:20 pm to Decatur
quote:Transient, one-off, price increases are "inflationary"? Really?
That’s inflationary.
Again, "Inflation is always and everywhere a monetary phenomenon." Where is the monetary phenomenon in a transient oil price increase?
Posted on 4/29/26 at 6:24 pm to Skippy1013
Always funny hearing people talk about how AI is going to take away jobs. It's not.
Posted on 4/29/26 at 6:26 pm to Decatur
quote:
quote:
No it isn't. Powell's statement is that costs are up d/t tariffs (a one off) and oil (temporary war effect).
You seem to be contradicting yourself here. Tariffs and wars are generally inflationary.
The bigger point is that fiscal policy decisions and global conflicts can make prices rise. If these policies are the only things driving price increases, this doesn’t always warrant monetary policy intervention.
Posted on 4/29/26 at 6:27 pm to NC_Tigah
quote:
Gen Z unemployment is ~10%.
How many of them even want to work?
Posted on 4/29/26 at 6:33 pm to TerryDawg03
Loading Twitter/X Embed...
If tweet fails to load, click here.quote:
Jerome “Too Late” Powell wants to stay at the Fed because he can’t get a job anywhere else — Nobody wants him. President DONALD J. TRUMP"
Trump has also been slamming Powell for his ridiculous cost overrun in the Fed renovations.
quote:
"I think it is an insult to Kevin Warsh...!"
"The last time that a fair Fed chair stayed on the board. It was at the request of the president!"
"I can promise you President Trump did NOT request for Jay Powell to stay!"
This post was edited on 4/29/26 at 6:34 pm
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