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Started By
Message
Is the role of the Fed to "stimulate the economy"?
Posted on 8/21/19 at 8:39 am
Posted on 8/21/19 at 8:39 am
Heard Trump say that if the Fed would "do their job" and cut interest rates by a full point, the economy would really take off.
Is this really the job of the fed?
In an emergency situation like 2008, you have to do what you have to do. But should the fed really be pushing/driving the economy?
Driving the economy is a bit like controlling the economy, and to have a federal agency control the economy is, well, communist.
Is this really the job of the fed?
In an emergency situation like 2008, you have to do what you have to do. But should the fed really be pushing/driving the economy?
Driving the economy is a bit like controlling the economy, and to have a federal agency control the economy is, well, communist.
20
Posted on 8/21/19 at 8:41 am to LSUFanHouston
This board will whine because they did it for Obama but not Trump
Posted on 8/21/19 at 8:41 am to LSUFanHouston
Trump has become unhinged over the Federal Reserve 
Posted on 8/21/19 at 8:41 am to LSUFanHouston
That’s what they’ve done for the past 30 years.
Posted on 8/21/19 at 8:42 am to LSUFanHouston
is it their role to hinder the economy? where the hell do they get their power from anyway?
This post was edited on 8/21/19 at 8:43 am
Posted on 8/21/19 at 8:42 am to wutangfinancial
quote:
Trump has become unhinged
Claiming that the Fed isn’t doing their job != becoming unhinged
Posted on 8/21/19 at 8:43 am to wutangfinancial
quote:
Trump has become unhinged over the Federal Reserve
he does seem a bit unglued about it
it's almost like he's becoming ahab, except that he handpicked and hired the whale
Posted on 8/21/19 at 8:44 am to Hooligan's Ghost
quote:
is it their role to hinder the economy?
I don't see where they are. They aren't taking steps to slow down the economy like they have done in the past when inflation was a concern.
Posted on 8/21/19 at 8:46 am to LSUFanHouston
the fed has many roles
its current one is "scapegoat"
its current one is "scapegoat"
Posted on 8/21/19 at 8:46 am to Eli Goldfinger
quote:
That’s what they’ve done for the past 30 years
Fair enough.
Question remains, is that their role?
Posted on 8/21/19 at 8:46 am to Eli Goldfinger
Not once in the last 30 years has the Fed cut interest rates by 40% during an economic expansion. That’s dumb af, and you clearly have no knowledge of Fed history
Posted on 8/21/19 at 8:47 am to Eli Goldfinger
quote:
Claiming that the Fed isn’t doing their job != becoming unhinged
When you go from melting over a quarter point reduction to demanding a further whole point reduction 2 weeks later, it comes off as unhinged.
Posted on 8/21/19 at 8:48 am to 90proofprofessional
The Fed raised rates a little to quick, and has stated so, when they lowered, recently. There was no big inflation, they just wanted to start raising after Obama economy crashed and rates went to nothing. I mean, is it for tampering inflation or stimulating the economy, Fed very inconsistent
Posted on 8/21/19 at 8:48 am to LSUFanHouston
Trump has Fed Derangement Syndrome
Posted on 8/21/19 at 8:48 am to LSUFanHouston
quote:No.
Is the role of the Fed to "stimulate the economy"?
Nor is that what Trump is saying.
Is the role of the Fed to "throttle the economy"?
No.
Yet that is exactly what the Fed did, hence Trump's beef.
December spoke eloquently to that mistake. Nonetheless, the Fed stubbornly held its overdone position 6 months.
This post was edited on 8/21/19 at 8:50 am
Posted on 8/21/19 at 8:50 am to LSUFanHouston
quote:
don't see where they are
Do you think they increased rates prematurely? Which slowed growth and there wasn’t any sign of inflation. Now they are decreasing rates Bc they screwed up. Why didn’t they increase the years before?
Posted on 8/21/19 at 8:50 am to LSUFanHouston
quote:
Is this really the job of the fed?
They certainly considered it their job under Obama.
Posted on 8/21/19 at 8:53 am to NC_Tigah
quote:
December spoke eloquently to that mistake. Nonetheless, the Fed stubbornly held its overdone position 6 months.
The Fed raised rates a tad too quickly and has brought them back down.
So either,
1) The economy is cooking and no reductions needed
or
2) The economy is struggling and reductions are needed. But even if they are, normally you would get the quarter point every 2 months variety. To cut it by a point right away would mean the economy was in the absolute shitter and demanded immediate action.
What Trump is proposing doesn't fit either reality.
Posted on 8/21/19 at 8:54 am to udtiger
quote:
They certainly considered it their job under Obama.
Why the F are we still talking about Obama?
Let's do things right, today.
Posted on 8/21/19 at 8:54 am to CamdenTiger
quote:
The Fed raised rates a little to quick
I think there's a strong case that they should have stopped short of that december 2018 quarter-point hike. But if you think they raised too quick, you have to blame them for "throttling" early 2016 as well, when oil & gas investment plummeted following the big oil price dump.
quote:
s it for tampering inflation or stimulating the economy, Fed very inconsistent
They do have a dual mandate in the law where they have to juggle unemployment and inflation, which means a balance. And they don't get the benefit of hindsight. That job is tough, especially because there's no shortage of bad-faith attacks on them, ever, no matter which call they make.
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