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re: Today is Powell's last day as Fed chair

Posted on 5/15/26 at 12:37 pm to
Posted by SlickRick55
Member since May 2016
2907 posts
Posted on 5/15/26 at 12:37 pm to
Ya hate to see it.
Posted by The_Duke
Member since Nov 2016
4614 posts
Posted on 5/15/26 at 12:45 pm to
Y'all are going to be pretty upset when the next chair doesn't lower rates either

This post was edited on 5/15/26 at 12:46 pm
Posted by LSURussian
Member since Feb 2005
135117 posts
Posted on 5/15/26 at 12:48 pm to
quote:

Y'all are going to be pretty upset when the next chair doesn't lower rates either
Or when he raises rates...
Posted by bigjoe1
Member since Jan 2024
1970 posts
Posted on 5/15/26 at 12:53 pm to
quote:

Markets for the first time in the current cycle now think the Federal Reserve’s next move will be an interest rate hike.

Following a week of surprisingly high inflation readings, traders in the fed funds futures market are pricing in an increase as soon as December, with a much higher certainty into the early part of 2027, according to the CME Group’s FedWatch tool.

A December hike has a nearly 51% probability, while a move higher by January carries about a 60% probability with March coming in at better than 71%, according to the measure, which uses prices on 30-day federal funds futures contacts to gauge probabilities.

The move comes near the close of a week where both consumer and wholesale inflation posted multi-year highs. Import and export prices also were at levels not seen since the last inflation spike, a period that prompted aggressive Fed rate hikes that started with four consecutive moves in three-quarter percentage point increments in 2022.

Former Fed Governor Kevin Warsh takes over the helm of the Fed as of Friday and has indicated he thinks the central bank actually can lower rates in the current environment. At the last Federal Open Market Committee meeting, three members dissented from a vote to hold benchmark rates steady as they objected to language hinting that the next move would be a cut.

Economists participating in the Survey of Professional Forecasters think second-quarter inflation will top out at 6%, a huge boost from the last estimate, according to a release on Friday.
Traders see next rate move as a hike CNBC
Posted by Juan Betanzos
New Orleans
Member since Nov 2005
4316 posts
Posted on 5/15/26 at 12:55 pm to
And much like Obama, he’s going to hang around to f things up
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
99092 posts
Posted on 5/15/26 at 12:55 pm to
quote:

So even he admitted he was wrong

Thanks for confirming it wasn't transitionary




LSURussiam loves Powell and is a total.dumbarse
Posted by LSURussian
Member since Feb 2005
135117 posts
Posted on 5/15/26 at 1:05 pm to
quote:

SDVTiger
Are you still standing behind your claim from months ago that Y-O-Y inflation is below 1%?

EDIT: If you still believe that doesn't it mean Powell was correct after all?

You can't have it both ways, Mr. Waffle House.

EDIT2: Look what I found...

quote:

Inflation has plummeted under Orange Bad
Its been under 2% and you losers are still crying
SDVTiger - May 12, 2026 - 3 days ago


quote:

Inflation is less than 1%
SDVTiger - March 12, 2026

quote:

The real.inflation rate is below 1%
SDVTiger - February 13, 2026

quote:

We are below 1% currently
SDVTiger - February 4, 2026

This post was edited on 5/15/26 at 1:34 pm
Posted by mwade91383
Washington DC
Member since Mar 2010
7951 posts
Posted on 5/15/26 at 1:14 pm to
It’s pretty likely things will stay the same (June) but if they’re going to make a change (I’d say really unlikely), rates are going up, not down.
Posted by LSURussian
Member since Feb 2005
135117 posts
Posted on 5/15/26 at 1:40 pm to
quote:

if they’re going to make a change (I’d say really unlikely), rates are going up, not down.
I agree.

I just hope that new Fed Chairman Warsh doesn't wait so long that he's going to have to go all-in like Paul Volker did in 1981 & 1982 when he raised the overnight Fed funds rate to 20% and average 30-year mortgage rates peaked at 16.64% in 1981
Posted by wheelr
New Iberia
Member since Jul 2012
6142 posts
Posted on 5/15/26 at 1:49 pm to
quote:

Powell's last day


Good riddance. The transitory stuff was clown behavior.

The Federal Reserve building costs are also sketchy.

He was right in ignoring Trump about additional rate cuts though. Now Trump has shot himself in the dick with the Iran stuff.
Posted by DyeHardDylan
Member since Nov 2011
9808 posts
Posted on 5/15/26 at 1:53 pm to
How long until Trump starts openly bashing Warsh for refusing to lower interest rates during an inflationary spike? I give it 2 or 3 months.
This post was edited on 5/15/26 at 1:54 pm
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
99092 posts
Posted on 5/15/26 at 1:55 pm to
Thank you for posting all my factual links
You are still in denial that your buddy said it was Transitory
Also you clearly arent obsessed with me
Posted by John somers
Los Proxima
Member since Oct 2024
1771 posts
Posted on 5/15/26 at 2:00 pm to
quote:

Would Trump have the fortitude to charge him with treason if that was to happen


Explain how Trump can 'charge' anybody.
Posted by LSURussian
Member since Feb 2005
135117 posts
Posted on 5/15/26 at 2:02 pm to
quote:

Thank you for posting all my factual links
You mean "opinions" not factual?

So, you continue to believe annual inflation is under 1%, which means you think Powell was right?

quote:

Also you clearly arent obsessed with me
You are the one who attacked me first in this thread. I just replied to your attack post. Dumb arse.
Posted by John somers
Los Proxima
Member since Oct 2024
1771 posts
Posted on 5/15/26 at 2:03 pm to
quote:

What? Do you know how rate adjustments are effected?


Do you know how to spell affected?
Posted by Mo Jeaux
Member since Aug 2008
64355 posts
Posted on 5/15/26 at 2:06 pm to
quote:

Do you know how to spell affected?


Yes. I also know how to spell effected. And unlike you, I know what it means and how to use it correctly.

quote:

effectedEffected is the past tense or past participle of the verb "effect." It means to accomplish, execute, or bring something about. When you effect a change or an a


quote:

John somers


Thanks for confirming that you’re retarded.
This post was edited on 5/15/26 at 2:07 pm
Posted by ned nederlander
Member since Dec 2012
6006 posts
Posted on 5/15/26 at 2:30 pm to
quote:

Remember when he told us the 9.1% 40 year high inflation rate in June of 2022 was "Transitory"


We need to sticky a US vs Inflation war thread.
Posted by The_Duke
Member since Nov 2016
4614 posts
Posted on 5/15/26 at 3:00 pm to
You can't debate SDV because it's impossible to debate made up stats he thought of while on the shitter.
Posted by LSURussian
Member since Feb 2005
135117 posts
Posted on 5/15/26 at 3:01 pm to
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