re: The most political biased Federal Reserve Chairman in the history of the Federal Reserve.

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Which decisions are more impactful to the average citizens fiscal health:

The Fed moving rates up or down by a quarter of one percent

The US government continuing, in the face of revenging 4.9 trillion, spending 6.9 trillion, eroding confidence in the dollar, sending people to gold and silver and crypto, and jacking up inflation

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But if only we had cheaper money, things would get cheaper.

It's almost like a bad AOC meme

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But that does not address the price of the asset that is overall inflated.

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Why is it overall inflated. If you don't want to purchase it don't. Rent.

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Your not making things more affordable,

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Why is that my job?

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The price still goes up.

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Price of everything goes up. That's how the world works. If you make the sacrifice to buy the 400K home and you live your entire life there, does it matter to you what its cost will be after 30, 40, 50 years?

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If you lower the rates builders and sellers of existing stock will see it as a call to list at higher prices so your example fails as the asking price of the asset goes up

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That's how the world works. Price is always whatever the market will bear.. If you work, you sell your hourly time to your employer. For the time you sell, you get an hourly wage. For his money, he gets your work. If people in other similar/same jobs are getting more pay, you will likely ask for a raise.... If you improve your performance and your value to the company, you will likely deserve and receive a raise.

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so your example fails as the asking price of the asset goes up....so any savings at 6% get eaten up going forward by the increase in price of the asset.

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Once you purchase the asset, you have locked the price in. When the asset goes up in value, that is equity to you...

No dumbshit. Rates peaked between 7.5 and 8 in Oct/Nov after hovering between 6.25 and 6.75 through the summer. 2024 they hovered in the upper 6's to low 7s

You should be a fiction writer......9%........

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The 400K house is still 400K. You'll still have price inflation at the lower rates as the borrower who could afford the house at 6% all of a sudden discovers if the rate is 5.5 he can get a more desirable house at 5.5%.

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Perhaps.
Then again, actual data doesn't consistently support the conclusion.

Mayer Rothschild proclaimed many times that when in control of the money supply of a nation he could care less about any law it made.

I don’t think the Fed battle is about mortgage rates, as they have no control over them, they only control the overnight banking rates, which follow the 2 year. They pushed the 16 Trillion debt refinance to next year. So what I think is going on, and not just me, is that they want to lower the short term rates, refinance the debt at the Fed rate( low by then if he gets his guy in) and then refinance when the long term rates are very low.. Yellen didn’t do that, she financed at the 2 year, cause it was so high with the Biden inflation years..She screwed everyone IMO, but they were trying to put lipstick on a pig.

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His unexpected October rate cut on the eve of the 2024 election was a huge red flag.



This, if anyone doubts his Political bias, it was that cut.

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The last Fed rate cut before the election in 2024 was in September when a weak jobs report was announced and the inflation rate had fallen from 3.3% in May to 2.4% in September.

There was no Fed interest rate cut in October and the Fed rate cut in November was after the Presidential election.

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Honeslty just stop replying to me moving forward

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So I make you uncomfortable when I present verifiable facts calling you out for your lying bullshite?

Okay, good to know...

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The higher the interest rate, the higher your mortgage payment will be,

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This is how a 5 year old looks at a market. Let me help you sound more like a semi-educated adult:

When rates go up demand drops and housing prices tend to trend down. When interest rates go down demand rises and housing prices tend to go up. At this point the issue with housing is allowing private equity firms to swoop in on working young families, bid 20% over asking price and frick people out of ownership and thus the American Dream. There, you’re all caught up

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Trump should have vetted him better. Seems to be a pattern

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There's no reason (and it's unconstitutional) that the entity in charge of the monetary supply should be run by someone the President cannot fire. People will say we need the Fed, it has to be that way, but it doesn't. And having the Fed has not prevented the total erosion of the value of the dollar, nor the Great Depression, Black Friday, crashes in 2000 and 2008 or 2020.

There is no reason that one of the top 2 or 3 most important things the government does should be run by people who are not elected and are not in the control of people who are elected. The president (of either party) should be able to fire all fed board members on the first day in office, if he wants.