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Jerome Powell refuses to cut rates in his final act.
Posted on 4/29/26 at 2:06 pm
Posted on 4/29/26 at 2:06 pm
People are delirious if they do not believe the Fed is being responsible. Powell will ultimately do time for his cost overruns related to the Fed building remodel.
Time and time again I have seen the Fed make decisions to harm a GOP POTUS. It is in their playbook.
The Federal Reserve is more political than a group of Baboons!!
Time and time again I have seen the Fed make decisions to harm a GOP POTUS. It is in their playbook.
The Federal Reserve is more political than a group of Baboons!!
8
Posted on 4/29/26 at 2:07 pm to Timeoday
He is who we thought he was!!
Trump was correct! Again!
Trump was correct! Again!
Posted on 4/29/26 at 2:09 pm to LSUROXS
He's gonna stay on as governor, which is essentially unprecedented.
Posted on 4/29/26 at 2:17 pm to Timeoday
quote:The FOMC voted 8-4 to leave rates unchanged. The Fed Chair only gets one vote.
Jerome Powell refuses to cut rates in his final act.
quote:I'll bet you $5,000 that won't happen. Wanna bet, Drama Queen??
Powell will ultimately do time for his cost overruns related to the Fed building remodel.
Posted on 4/29/26 at 2:19 pm to udtiger
quote:
He's gonna stay on as governor, which is essentially unprecedented.
Calls it is
Posted on 4/29/26 at 2:21 pm to LSURussian
quote:I doubt you have five grand to bet
I'll bet you $5,000 that won't happen. Wanna bet, Drama Queen??
Posted on 4/29/26 at 2:29 pm to Timeoday
Eh. Let's see what the Inspector General has to say about Jerome Powell. What he wants and what he gets might be two very different scenarios.
Posted on 4/29/26 at 2:30 pm to BigAL Golesh
quote:I'll bet you $1,000,000 that I do.
I doubt you have five grand to bet
Posted on 4/29/26 at 2:39 pm to Timeoday
Too Late doing his Too Late schtick
What a clown
What a clown
Posted on 4/29/26 at 2:44 pm to Timeoday
quote:Blaming the cost overruns on Powell corruption is not reasonable. The poor guy does not even know WTF qualifies as inflation. One surely could not expect him to detail out complicated contractor miscues.
Powell will ultimately do time for his cost overruns related to the Fed building remodel.
Nah. The problem with Powell and the Fed Building is transparency. His claim that oversight or critique of those expenditures interferes with Fed monetary policy independence is complete utter bullshite. As a result, the spending is suspicious.
This post was edited on 4/29/26 at 3:14 pm
Posted on 4/29/26 at 3:03 pm to NC_Tigah
Good post.
That said, we dont need to be lowering the rates while we are navigating a blockade on oil.
I absolutely believe that Powell was corrupted under Biden. The level of incompetence isn't justifiable. The timing of his 2nd term is too convenient.
But that has nothing to do with rates, inflation, and a best path forward in May 2026.
That said, we dont need to be lowering the rates while we are navigating a blockade on oil.
I absolutely believe that Powell was corrupted under Biden. The level of incompetence isn't justifiable. The timing of his 2nd term is too convenient.
But that has nothing to do with rates, inflation, and a best path forward in May 2026.
Posted on 4/29/26 at 3:08 pm to LSUROXS
Thune only guaranteed confirmation for the nrw guy if Powell was protected.
Imagine Thune protecting the fool that sat on his arse spending billions on a renovated building used to count their slush funda.
Imagine Thune protecting the fool that sat on his arse spending billions on a renovated building used to count their slush funda.
Posted on 4/29/26 at 3:19 pm to cajunangelle
Powell is a lawyer. He doesn’t understand math.
Posted on 4/29/26 at 3:21 pm to cajunangelle
quote:Again, the problem is, was, and will be Goon Thune.
Imagine Thune protecting the fool that sat on his arse spending billions on a renovated building used to count their slush funda.
All Thune had to do to avoid the ABSOLUTE NEED for the DOJ action was to do his goddamned job in Congressional oversight.
When Powell screwed up his Congressional testimony regarding the Fed construction project, Thune should have pushed the Senate Banking Committee to drag Powell back in to produce detailed Fed construction bills and clear his testimony up. Thune refused. That forced DOJ to try to do his job for him.
Posted on 4/29/26 at 3:28 pm to meansonny
quote:
That said, we dont need to be lowering the rates while we are navigating a blockade on oil.
Wouldnt that be a perfect time to cut since the increase in oil is going to stall everything
Posted on 4/29/26 at 3:28 pm to LSUROXS
quote:
He is who we thought he was!! Trump was correct! Again!
He was a Trump nominee and confirmed by a majority Republican Senate
Posted on 4/29/26 at 3:32 pm to SDVTiger
quote:
quote:
That said, we dont need to be lowering the rates while we are navigating a blockade on oil.
Wouldnt that be a perfect time to cut since the increase in oil is going to stall everything
Ummm. No.
Either you think inflation is real or you dont.
Either you fear the damage to the economy and citizenry caused by inflation or not.
Im not a hypocrite. Im not going to blast Powell for "transitory inflation" and demand lower interest rates when the single largest input for product manufacturing and delivery is maxed out.
Rule#1 for monetary policy: Don't be stupid
Posted on 4/29/26 at 3:33 pm to Timeoday
quote:
Jerome Powell refuses to cut rates in his final act.
There are multiple reasons why rates should stay where they are at the moment.
Primarily oil spiking from around $75 per barrel to over $100 per barrel over the last couple of months. Oil prices affect the poorest of the poor and the richest of the rich.
There are also additional reasons which include a shaky housing market, uncertainty around the supply and demand rod the labor market as it relates to immigration, as well as multiple other factors that point a lot of reasons to keep rates steady…and certainly not cutting them.
Additionally, the 2 year treasury rate is approximately 20 bps above the federal funds overnight lending rate…which is typically indicative of where the market thinks rates are going two years from now. Which is not lower. Actually, slightly higher.
This is not a political statement. I’m definitely right leaning and voted for Trump 3 times. This is just how the economy and all of the moving parts work.
Posted on 4/29/26 at 3:34 pm to MizzouBS
quote:
He was a Trump nominee and confirmed by a majority Republican Senate
That is the part that hurts. Trump really sucked on several of his appointments. Hopefully he has it down right during his 3rd term.
Posted on 4/29/26 at 3:37 pm to meansonny
quote:Right.
Rule#1 for monetary policy: Don't be stupid
What is the macroeconomic effect of large gas/oil price increases on US employment?
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