re: Trump vs Powell. It’s On!

So our economy needed basically free money to continue growing?


It’s not like interest rates were ever high during the first trump admin. They went from near 0 to 2.5%

We are at 4.5% now.

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Calling me an idiot doesn’t change the fact

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Nor does it change the fact that you demonstrate no clue whatsoever as to FOMC rate drivers and/or mandate.

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They were keeping artificially low, with Trump

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You don't know WTF you are talking about. Your willingness to repeat clueless comments is what makes you an idiot.

ETA:

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By 2018 the rate should have been around 4.5% to 5%

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Good Lord!

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the rates should stay exactly where they are now

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Correct. Until inflation gets below 2%, they shouldn't move it. It will be years before we see any wage benefits from reshoring manufacturing, but it will be weeks before we see the price pressure from increased tariffs. Any inflationary move by the fed may not be recoverable by the mid-terms, or even the next Presidential election.

If we're playing the long game, we need to ensure our dollar holds its value, especially if China retaliates by flooding the market with cheap bonds.

There is only one way Democrats take back Congress or the White House, and that's a slow economy. We could be in three wars and people would still vote for the incumbents if the economy is strong.

What about the Fed’s mandate would have led them to decrease rates prior to Q3 2019? Inflation was low and employment was very strong prior to their cuts.

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What about the Fed’s mandate

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We were below target rates while maintaining restrictive policy.

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Powell needs to stop playing politics and cut rates

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No one wants to comment on how he never raised rates while Obama was president. Even when Obama was saying there was no magic wand to bring the economy back. The Fed falsely propped him up, because they had to DEI the presidency

Pure politics

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Powell went on to say this could create a “challenging scenario” for the central bank because anything it does with interest rates to address inflationary pressures could worsen unemployment, and vice versa.

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Ae have the best stagflation don’t we folks?

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He's not acting in the best interest of the American people. He's on a personal vendetta against Trump.

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Who appointed Powell as Fed Chair?



I’m not anti-Trump, at all, but this is another example of how bad some of his appointments were during his first term.

Lmao at you idiots pretending to be economists.

Yeah because DT has nothing to do with it

It’s everyone else. Never DT. Ever.