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re: Trump issues new statement on Fed Chairman Jerome Powell
Posted on 4/21/25 at 4:09 pm to RogerTheShrubber
Posted on 4/21/25 at 4:09 pm to RogerTheShrubber
Same shite for thousands of posts.
You are one sad broken bus driver.
You are one sad broken bus driver.
1
Posted on 4/21/25 at 4:11 pm to Jbird
quote:
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Same shite for thousands of posts.
Hopefully you'll learn a new word soon.
Playing grabass in the military stunted your cognitive growth son.
Posted on 4/21/25 at 4:12 pm to RogerTheShrubber
I learned you can't afford a shack and heat up golf cart
Posted on 4/21/25 at 4:14 pm to Jbird
quote:
I learned you can't afford a shack and heat up golf cart
Its all good bawette.
Got my 137k, only down 3k. Plenty to buy land and start the cabin.
I do appreciate your hourly support on this board, constantly cheering me on.
Posted on 4/21/25 at 4:15 pm to RogerTheShrubber
Lol you can't figure out 15 percent.
Posted on 4/21/25 at 4:19 pm to Jbird
quote:
Lol you can't figure out 15 percent.
Thats how much of your work day is spent on union required breaks, Baw.
Posted on 4/21/25 at 4:20 pm to RogerTheShrubber
Aw tell us more about those losses baw
Posted on 4/21/25 at 4:39 pm to RogerTheShrubber
quote:Goodness Rog
Trump urges Fed to help economy 'go up like a rocket'
30 April 2019
For the umteenth time, let's address this.
The Fed raised rates 500%-1000% between Trump's election and Apr'19. By contrast it had raised rates just once during Obama's 8-yr tenure. Obama had met Trump's campaign promise to "get the economy going again" with the memorable quip, "What's he gonna do, pull out his magic wand?"
Instead of a "magic wand," Trump lowered taxes, lowered regulations and the economy took off, albeit w/o pursuant inflation. Nonetheless, the Fed took advantage of an improving economy to raise rates. Increased FFRs created an inexplicable and unnecessary headwind to the newly footed economy. That understandably pissed Trump off.
So re: your post in full context, Trump correctly asserted after two years of the Fed riding the brakes, IF THE FED WOULD JUST TAKE ITS FOOT OFF THE BRAKES, the economy would "go up like a rocket."
In response the Fed continued pushing back, maintaining FFR while continuing QT. By the 3rdQ 2019, the Fed's inexplicable and unnecessary QT/FFR headwind managed to slow growth, in the absence of inflation, to the point rates had to be lowered.
By contrast to its consistent attempts in anticipating effects of Trump's pro-growth economic platform, two years later in Apr2021 with Biden's supply-limiting, money-printing post-pandemic policies, the Fed went inexplicably quiescent. It ignored obvious inflation flags, and refused to raise rates. As a result, inflation skyrocketed. For those of us heavily involved in the market and economics, the Fed's difference in approach during Dem and GOP regimes was/is terribly obvious.
What is terribly obvious to the rest of us though, for those who rely on the NYT/WaPo/Atlantic for economic analysis, perhaps appears like "Trump will use every trick on the books, even debt to make "his" economy look better"?
This post was edited on 4/21/25 at 4:42 pm
Posted on 4/21/25 at 4:41 pm to NC_Tigah
quote:
The Fed raised rates 500%-1000% between Trump's election and Apr'19.
A FED funds rate of 2.5% is still seen as "accomodative". You do realize that don't you?
Posted on 4/21/25 at 4:42 pm to NC_Tigah
quote:
For the umteenth time, let's address this.
Youve created a narrative to explain why Trump, running the "greatest economy ever" had to beg the fed to lower rates, and beg the fed to reinstitute QE.
quote:
President Donald Trump has responded to the jobs report by calling on the Federal Reserve to cut rates and restore the bond-buying program it used to lower longer-term interest rates earlier this decade in the aftermath of the Great Recession, an approach known as “quantitative easing.”
“Our country’s doing unbelievably well economically,” Trump tells reporters on the South Lawn of the White House.
Posted on 4/21/25 at 4:45 pm to frogtown
quote:Accommodative.
A FED funds rate of 2.5% is still seen as "accomodative".
Accommodative is, OF COURSE, a matter of situation and relativity.
Obviously, 2.5% was not considered remotely "accommodative" at any point during Obama's 8-yr term.
Posted on 4/21/25 at 4:46 pm to RogerTheShrubber
quote:Negative.
Youve created a narrative to explain why Trump, running the "greatest economy ever"
I've posted the truth about Trump's "magic wand"
Posted on 4/21/25 at 4:49 pm to TigersHuskers
Posted on 4/21/25 at 5:10 pm to PaperTiger
quote:I’m not sure you read what I wrote correctly. Read it again and pay attention to the dates I included.
So they lowered it before Trump even has a single policy go through. I'm not sure I'm counting that one.
Posted on 4/21/25 at 5:19 pm to PorkSammich
quote:
Trump appointed the liberal hack.
Great, now fire his arse
Posted on 4/21/25 at 5:28 pm to LSURussian
quote:"Inflation is always and everywhere a monetary phenomenon." So what IAW Friedman is the tariff associated inflationary effect that many economists are expecting?
if the tariffs have the inflationary effect that many economists are expecting
ETA: Not a rhetorical btw. I'm just curious as to your thoughts.
This post was edited on 4/21/25 at 5:31 pm
Posted on 4/21/25 at 5:41 pm to NC_Tigah
The lowest projected increase in inflation from the tariffs that I've read is +2.5% and the highest that I've read is +8.5%. (Those increases are added onto the current rate of inflation, pre-tariff.)
I think the difference in projections is mainly based on what the final tariffs will be and on which countries.
I'm not sure anyone knows the answer to that yet.
There was a guy on CNBC this morning around 7 AM Baton Rouge time talking with Joe Kernan about the tariffs.
His version is not "Will the tariffs increase inflation? But, "How much will the tariffs increase inflation?" But he never volunteered an amount of increase.
I think the difference in projections is mainly based on what the final tariffs will be and on which countries.
I'm not sure anyone knows the answer to that yet.
There was a guy on CNBC this morning around 7 AM Baton Rouge time talking with Joe Kernan about the tariffs.
His version is not "Will the tariffs increase inflation? But, "How much will the tariffs increase inflation?" But he never volunteered an amount of increase.
Posted on 4/21/25 at 5:51 pm to LSURussian
quote:So a one-off tariff is inflationary in terms of Fed rate correction? I don't get it.
The lowest projected increase in inflation from the tariffs that I've read is +2.5% and the highest that I've read is +8.5%. (Those increases are added onto the current rate of inflation, pre-tariff.)
I think the difference in projections is mainly based on what the final tariffs will be and on which countries.
I'm not sure anyone knows the answer to that yet.
Posted on 4/21/25 at 5:54 pm to LegendInMyMind
quote:
Trump needs to fire this Liberal Hack.
Trump appointed the liberal hack.
Ouch.
Posted on 4/21/25 at 6:00 pm to NC_Tigah
quote:I have not heard anyone predict how much the Fed will have to raise rates to offset the effect of tariffs on inflation.
So a one-off tariff is inflationary in terms of Fed rate correction? I don't get it.
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