Domain: tiger-web1.srvr.media3.us Bullard, St Louis Fed Comments | Money Talk
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Bullard, St Louis Fed Comments

Posted on 11/17/22 at 8:26 am
Posted by Aubie Spr96
lolwut?
Member since Dec 2009
44158 posts
Posted on 11/17/22 at 8:26 am
quote:

James Bullard, the St. Louis Federal Reserve President, told an event in Louisville that this year's rates hikes, which have included four consecutive increases of 75 basis points in the Fed's benchmark rate, "have had only limited effects on observed inflation."



Anyone else feel like these clowns are trying to bail water off the Titanic?
Posted by el Gaucho
He/They
Member since Dec 2010
58711 posts
Posted on 11/17/22 at 8:31 am to
The real inflation is like 40% but they won’t admit it. Feel like tallboys go up another dollar every month

Hopefully Putin has an inflation buster for us
Posted by TDTOM
Member since Jan 2021
25427 posts
Posted on 11/17/22 at 8:33 am to
All these frickers crave camera time and headlines. They need to STFU. Powell should be the only one going in front of people.
Posted by Tomatocantender
Boot
Member since Jun 2021
5585 posts
Posted on 11/17/22 at 8:37 am to
The aggressive rate hikes will affect employment big time within the next 6 months. That will have a major effect on inflation which is exactly what the FOMC wants. Like killing an insect with a blow torch and burning the whole house down. Misery/Pain index is next on tap for 2023. We saw a brief glimpse into this with Amazon's recent 10k layoff.
Posted by ArkBengal
Benton, AR
Member since Aug 2004
2166 posts
Posted on 11/17/22 at 1:17 pm to
What I think is they were late to the party and will now overshoot the corrections causing more problems. Bought into the “transitory” inflation by the administration and now we will pay the price
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11938 posts
Posted on 11/17/22 at 1:38 pm to
They are hiking based on O&G prices that have peaked and rent increases that took 2 years to flow into OER. They are complete clowns.

How long can corporations sit out of the credit markets for cash on falling revenue and profits without mass layoffs?
Posted by Bard
Definitely NOT an admin
Member since Oct 2008
58467 posts
Posted on 11/17/22 at 2:35 pm to
quote:

Anyone else feel like these clowns are trying to bail water off the Titanic?


Meanwhile Congress and the President keep poking more holes in the hull.

Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11938 posts
Posted on 11/17/22 at 2:48 pm to
It's the opposite. They didn't let the economy fix itself and clear through the price increases because our ADD society thinks "transitory" means tomorrow. No they are beating their chests that they "did something" while making the problem they are trying to fix worse
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