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re: Meanwhile this dunce: Powell confirms that the Fed would have cut by now were it not for
Posted on 7/1/25 at 2:37 pm to Padme
Posted on 7/1/25 at 2:37 pm to Padme
quote:Our real rates are like 1.5%. That is not "artificially TDS high".
For those that think lowering interest rates are inflationary, relative to the rest of the world, they are artificially TDS high.
0
Posted on 7/1/25 at 2:38 pm to Padme
quote:
“In effect, we went on hold when we saw the size of the tariffs and essentially all inflation forecasts for the United States went up materially as a consequence of the tariffs,” Powell said at European Central Bank forum in Sintra, Portugal.
Interesting. So he was very wrong about what the tariffs would do, and now he's doubling down on stupid?
Posted on 7/1/25 at 2:42 pm to Padme
I wasn't sure about Powell before, but that is clearly a political answer. I guess all the people calling him out were right.
Posted on 7/1/25 at 2:44 pm to Padme
Posted on 7/1/25 at 3:24 pm to jrodLSUke
quote:yup
So, Too Late Jerome finally admits that his rates are political.
Posted on 7/1/25 at 3:31 pm to ChatGPT of LA
quote:
Can someone please explain why we can't fire him immediately? What is the hangup that holds this up?
The federal reserve is not apart of the government. It's a 3rd party that runs out entire financial system.
Posted on 7/1/25 at 3:32 pm to Padme
Man I wish we could get rid of Mr Transitory.
This post was edited on 7/1/25 at 3:34 pm
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