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Senate Confirms Kevin Warsh to Federal Reserve Board

Posted on 5/12/26 at 5:12 pm
Posted by Major Dutch Schaefer
Location: Classified
Member since Nov 2011
39040 posts
Posted on 5/12/26 at 5:12 pm
Posted by Timeoday
Easter Island
Member since Aug 2020
22992 posts
Posted on 5/12/26 at 5:14 pm to
It only takes 51 votes to confirm someone who can wreck economies yet 60 to pass a bill to save election processes.

51 to wreck something but 60 to save something. Imagine that!!

But I am happy for the confirmation of Warsh.
Posted by SingleMalt1973
Member since Feb 2022
24350 posts
Posted on 5/12/26 at 5:15 pm to
When do interest rates come down?
Posted by cusoonkpd
Big Mamou
Member since Apr 2015
1913 posts
Posted on 5/12/26 at 5:30 pm to
2028
Posted by Timeoday
Easter Island
Member since Aug 2020
22992 posts
Posted on 5/12/26 at 7:30 pm to
The inflation rate quoted today included gasoline prices yet during the years of Joey Biden gasoline prices were not included?
Posted by DyeHardDylan
Member since Nov 2011
9732 posts
Posted on 5/12/26 at 7:31 pm to
quote:

When do interest rates come down?


Why would they come down when inflation is soaring?

Just because Trump needs more cheap money to borrow for vanity projects isn’t a good reason.
This post was edited on 5/12/26 at 7:34 pm
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
41087 posts
Posted on 5/12/26 at 7:33 pm to
quote:

The inflation rate quoted today included gasoline prices yet during the years of Joey Biden gasoline prices were not included?


Energy prices were a drag on inflation during most of biden’s term.

For the last 2.5 years of biden, the inflation metric with energy and food included was lower than the metric with those two excluded.

You are aware of that, no?
Posted by Timeoday
Easter Island
Member since Aug 2020
22992 posts
Posted on 5/12/26 at 7:46 pm to
Was this while he was draining the strategic reserve?
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
41087 posts
Posted on 5/12/26 at 8:28 pm to
quote:

Was this while he was draining the strategic reserve?


No.
Posted by IMSA_Fan
Member since Jul 2024
836 posts
Posted on 5/12/26 at 8:31 pm to
In the post-Iran war era
Posted by Timeoday
Easter Island
Member since Aug 2020
22992 posts
Posted on 5/12/26 at 9:10 pm to
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