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Started By
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Is Jerome Powell the single most powerful man in the world?
Posted on 8/12/25 at 10:24 am
Posted on 8/12/25 at 10:24 am
With how fragile everything is right now, his decisions hold as much weight, if not more than any world leaders from an economic standpoint. His power is practically unchecked too. Kinda crazy to think about
Whether you criticize or praise him at least he acts mature with his power
Whether you criticize or praise him at least he acts mature with his power
3
Posted on 8/12/25 at 10:42 am to topherbrown21
quote:
Whether you criticize or praise him at least he acts mature with his power
On a superficial level maybe. He's not up there talking like a juvenile gangster. I'll concede that. But his decision to lower the rate before the election based on information that has consistently gotten more favorable for a rate drop after the election, but his refusal to lower rates more than proves he's injecting his political bias into his decision making.
Posted on 8/12/25 at 10:43 am to topherbrown21
quote:
single most powerful man in the world
Ghislain Maxwell
Posted on 8/12/25 at 11:08 am to Artificial Ignorance
quote:
Ghislain Maxwell
Fair, but shes a woman (I think)
Posted on 8/12/25 at 11:10 am to WhiskeyThrottle
quote:
But his decision to lower the rate before the election based on information that has consistently gotten more favorable for a rate drop after the election, but his refusal to lower rates more than proves he's injecting his political bias into his decision making.
HE LOWERED THEM TWICE IMMEDIATELY AFTER THE ELECTION!!! God god y’all are eaten up with the politics.
Posted on 8/12/25 at 11:32 am to Suntiger
quote:
HE LOWERED THEM TWICE IMMEDIATELY AFTER THE ELECTION!!! God god y’all are eaten up with the politics.
The willful ignorance is what kills me in these discussions. Inflation is a lagging indicator; you set rates more on trajectory than you do what the current inflation number is. Back in September, November, and December, the trajectory of the inflation rate was cooling. Since then, the trajectory has either been stagnant or heating. Yet, somehow, people keep parroting that "inflation was higher then!!!" and ignoring both that the trajectory was better than AND that the rate was 100bp higher than it is now. Apparently, according to them, we should cut rates 50bp every Fed meeting as long as the rate of inflation is lower than it was in September. I'm looking forward to quickly reaching negative rates
This post was edited on 8/12/25 at 11:33 am
Posted on 8/12/25 at 11:37 am to Joshjrn
But, but, but those egg prices!
Nevermind that many Americans can't even think about affording to purchase beef now.
Meanwhile, the market is happy because the Chinese tariff can got kicked down the road once again.
Nevermind that many Americans can't even think about affording to purchase beef now.
Meanwhile, the market is happy because the Chinese tariff can got kicked down the road once again.
Posted on 8/12/25 at 12:26 pm to VABuckeye
quote:
Nevermind that many Americans can't even think about affording to purchase beef now.
Thanks Joe Biden amd Too Late
Inflation is transitory- Too Late Powell 2021
Posted on 8/12/25 at 12:32 pm to SDVTiger
Biden and Powell are responsible for cattle shortage?
Posted on 8/12/25 at 12:40 pm to WhiskeyThrottle
quote:He also lowered rates AFTER the election...
But his decision to lower the rate before the election
Posted on 8/12/25 at 12:50 pm to jordan21210
quote:
Biden and Powell are responsible for cattle shortage?
Of course they are
Everything is the Presidents fault when in office. Thats the new rules crom the radicals
Posted on 8/12/25 at 12:56 pm to SDVTiger
Well, there sure is plenty to fault this term.
Posted on 8/12/25 at 1:00 pm to SDVTiger
Cattle inventory has been declining since 2019, so you can add Trump to your list.
Also of note, Trump opened our beef market to Australia which I’m sure will help.
Also of note, Trump opened our beef market to Australia which I’m sure will help.
Posted on 8/12/25 at 1:06 pm to VABuckeye
But you were silent the last 4yrs
Posted on 8/12/25 at 1:07 pm to SDVTiger
No, I wasn't. I just wasn't as pissed off about it as I am now. 
I've said before I was no fan of Biden.
I've said before I was no fan of Biden.
Posted on 8/12/25 at 2:49 pm to VABuckeye
quote:
No, I wasn't. I just wasn't as pissed off about it as I am now.
Yeah cause you have raging TDS. You cant deny it
Posted on 8/12/25 at 9:58 pm to topherbrown21
if you don't know Jerome is a puppet and who pulls his strings, you have no clue.
Posted on 8/13/25 at 8:52 am to WhiskeyThrottle
his refusal to lower rates more than proves he's injecting his political bias into his decision making.
______
What proof?
______
What proof?
Posted on 8/14/25 at 2:42 am to VABuckeye
quote:
Nevermind that many Americans can't even think about affording to purchase beef now.
I had a really good steak at a restaurant that was prepared a certain way so I wanted to try it at home. Three high quality steaks would have cost me like $75 so I gave up on my experiment. This has gotten as ridiculous as crawfish prices can be sometimes
Posted on 8/14/25 at 9:12 am to Beessnax
Yeah beef prices have creeped up a good bit. I go to Sam’s every Sunday and basically decide what I’m going to meal prep for the week based on meat prices while I’m there. The price of their pack with three ribeyes has gone up about 30-35% over the last three years.
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