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re: Trump vs Powell. It’s On!

Posted on 4/22/25 at 9:53 am to
Posted by RohanGonzales
Member since Apr 2024
4425 posts
Posted on 4/22/25 at 9:53 am to
quote:

The lack of accountability is pretty scary. But, I understand independence from politics is supposed to be the point.


It is just possible that back in history some really stupid, ill-advised points were made.

but much like those natives in "The Gods Must Be Crazy" we must follow them, because "history" or something
Posted by momentoftruth87
Your mom
Member since Oct 2013
83954 posts
Posted on 4/22/25 at 9:54 am to
quote:

The lack of accountability is pretty scary. But, I understand independence from politics is supposed to be the point.


He can stop going on news shows and do his job if that’s how simple it is to make it non political.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
38357 posts
Posted on 4/22/25 at 9:56 am to
What’s funny is 6 months ago most posters here said the fed needed to raise rates bigly.


Sdvcuck has been banging the drop rates drum for a year now and everyone here disagreed with him and called him an idiot until like 10 days ago
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
86719 posts
Posted on 4/22/25 at 10:00 am to
I have been right like always
Posted by jrobic4
Baton Rouge
Member since Aug 2011
10191 posts
Posted on 4/22/25 at 10:03 am to
quote:

The rates should have been raised faster during Trump’s first term


quote:

rates should stay exactly where they are now


These are not necessarily contingent on one another. Frankly, the dollar is strong and we need to keep bullets in the chamber now.

It's ludicrous to argue that Trump should have raised rates, especially since inflation was caused by outrageous government spending and Covid BS that mostly marked Biden's term
Posted by momentoftruth87
Your mom
Member since Oct 2013
83954 posts
Posted on 4/22/25 at 10:04 am to
quote:

What’s funny is 6 months ago most posters here said the fed needed to raise rates bigly.


And what has changed with the higher rates? The consumer dgaf and continues to purchase and institutions continue to give money to idiots, making more of a premium. At the government level Congress hasn’t done anything to fix the budget or make cuts.
Posted by Violent Hip Swivel
Member since Aug 2023
5582 posts
Posted on 4/22/25 at 10:04 am to
I can't wait until Trump gets his own Fed Chair. There will be so much winning that we get tired of winning. The only reason we're not doing so much winning now is because Jerome Powell is sabotaging Trump. Once Trump chooses his own Fed Chair, I anticipate a 25 dollar per hour payraise and 15 cent eggs!
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
130706 posts
Posted on 4/22/25 at 10:04 am to
quote:

That it was stupid of Trump to push for artificially low rates during his first term?
Rates were increased 800%, sans inflation, over Trump's first two years. By contrast, rates were raised just once during Obama's preceding 8yrs.
Posted by momentoftruth87
Your mom
Member since Oct 2013
83954 posts
Posted on 4/22/25 at 10:06 am to
quote:

I can't wait until Trump gets his own Fed Chair. There will be so much winning that we get tired of winning. The only reason we're not doing so much winning now is because Jerome Powell is sabotaging Trump. Once Trump chooses his own Fed Chair, I anticipate a 25 dollar per hour payraise and 15 cent eggs!


Your hook is still shiny
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
130706 posts
Posted on 4/22/25 at 10:08 am to
quote:

I can't wait until Trump gets his own Fed Chair
Powell was a bad choice
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
281843 posts
Posted on 4/22/25 at 10:09 am to
quote:

I can't wait until Trump gets his own Fed Chair.


quote:

He became a member of the Federal Reserve Board of Governors after being nominated to the post by President Barack Obama in 2012. He was subsequently elevated to chairman by President Donald Trump
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
38357 posts
Posted on 4/22/25 at 10:09 am to
quote:

And what has changed with the higher rates?


Inflation has plummeted, for one.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
86719 posts
Posted on 4/22/25 at 10:10 am to
quote:

Inflation has plummeted, for one.


But the MB genisues said the half cut caused massive inflation
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
38357 posts
Posted on 4/22/25 at 10:11 am to
quote:

Rates were increased 800%, sans inflation, over Trump's first two years.


Was that bad? Should rates have stayed near 0% for the entirety of trump’s first term?
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
38357 posts
Posted on 4/22/25 at 10:12 am to
Even Bard gave up that fight.





Posted by momentoftruth87
Your mom
Member since Oct 2013
83954 posts
Posted on 4/22/25 at 10:12 am to
It’s certainly cooled but we aren’t going back to where we were. Biden also fudged the numbers saying it was transitory when it was still month over month inflation.
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
38357 posts
Posted on 4/22/25 at 10:13 am to
quote:

It’s certainly cooled but we aren’t going back to where we were.


Well yea. That’s never been the intention. Who told you the goal of raising rates was deflation?

quote:

Biden also fudged the numbers saying it was transitory when it was still month over month inflation.


Biden said that?
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
86719 posts
Posted on 4/22/25 at 10:15 am to
quote:

Even Bard gave up that fight.


Did he? He really embarrassed himself with that
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
38357 posts
Posted on 4/22/25 at 10:19 am to
quote:

Did he? He really embarrassed himself with that


Haven't seen him post much over there recently. Him and I Love Bama went on for about 2.5 years that the market was going to crash.

ILB was beaten down so bad he finally went bull in February of this year. That was my sell signal.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
86719 posts
Posted on 4/22/25 at 10:20 am to
quote:

Biden said that?


Fricking JPow did yet here he is playing politics. And the MB board led by TardRussian claim hes not
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