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Started By
Message
re: The most political biased Federal Reserve Chairman in the history of the Federal Reserve.
Posted on 1/15/26 at 1:21 pm to DaleGribblesMower
Posted on 1/15/26 at 1:21 pm to DaleGribblesMower
quote:You seem to be acting like a 5 year old. Throwing a tantrum because you can't have the house you want, in the location you want and for a price that you want to pay. Life is hard, you need to get used to it.
This is how a 5 year old looks at a market.
0
Posted on 1/15/26 at 1:22 pm to LSURussian
quote:
YOU are the one would first talked about 9%
Then i pleased your old annoying arse to 8%
Then YOU claimed they were not
Then you get links showing they WERE then your dementia kicked in and you start talking about 9%
Thats why no one takes you serious
Posted on 1/15/26 at 1:23 pm to Timeoday
quote:
Powell is intentionally inflating the cost of owning houses by keeping interest rates higher than they should be, all part of his effort to sabotage Trump, at the cost of the American people.
Jerome Powell is the only thing holding this economy from really taking off and he and Democrats know it.
Posted on 1/15/26 at 1:24 pm to CamdenTiger
quote:100%.
they want to lower the short term rates, refinance the debt at the Fed rate( low by then if he gets his guy in) and then refinance when the long term rates are very low.. Yellen didn’t do that, she financed at the 2 year, cause it was so high with the Biden inflation years..She screwed everyone IMO, but they were trying to put lipstick on a pig.
Trump has said that. Repeatedly. A 1% rate increase in cost-of-carry increases our deficit $400B/yr
Posted on 1/15/26 at 1:28 pm to SDVTiger
quote:That doesn't make any sense unless you're admitting you were wrong saying rates went to 9%. Is that what you're doing?
Then i pleased your old annoying arse to 8%
quote:I claimed what was "not"?
Then YOU claimed they were not
quote:Apparently you do. You keep trying to wiggle out of your lies based on my pointing them out.
Thats why no one takes you serious
Posted on 1/15/26 at 1:30 pm to riccoar
Yes. That’s how it’s always fricking worked. The fed looks at two things—Inflation and unemployment. If unemployment goes, you cut rates to help. If inflation goes up, you raise rates to counteract it.
If you have both, which was looking likely for a bit, you get stagflation. Then you’re just fricked.
Jerome Powell was appointed by Trump and managed to get inflation down faster than every other developed nation post-Covid. There is no indicator he’s doing what the democrats want. He’s working with other members of the fed to set monetary policy.
ETA: if he did exactly as Trump wanted, it would juice the economy for a short while and then cause massive inflation.
If you have both, which was looking likely for a bit, you get stagflation. Then you’re just fricked.
Jerome Powell was appointed by Trump and managed to get inflation down faster than every other developed nation post-Covid. There is no indicator he’s doing what the democrats want. He’s working with other members of the fed to set monetary policy.
ETA: if he did exactly as Trump wanted, it would juice the economy for a short while and then cause massive inflation.
This post was edited on 1/15/26 at 1:32 pm
Posted on 1/15/26 at 1:39 pm to Timeoday
I think Powell is a squirrelly bureaucrat who fits right in with the DC swamp.
That said…was he also trying to sabotage Biden when interest rates kept rising from 0.25 in February ‘22 to 5.5 by July ‘23?
Just a question.
That said…was he also trying to sabotage Biden when interest rates kept rising from 0.25 in February ‘22 to 5.5 by July ‘23?
Just a question.
Posted on 1/15/26 at 1:45 pm to TigerIron
Sorry for the double post, but going through this thread is a bit insane. I don’t know enough about macro-economics to know what effective monetary policy should be, but this…
…is wrong. The strongest central banks in the world all maintain independence from the government. The terrible ones are directly controlled. If you can find an example at odds with this description, then I’d welcome it.
If the Fed chair could be fired and hired on a president’s whims, our interest rates would simply go to whatever is most politically popular. You would get whiplash from the rate at which interest rates change. Economically it would be a disaster because the person who caused it could be out of office before the negatives really hit.
quote:
There is no reason that one of the top 2 or 3 most important things the government does should be run by people who are not elected and are not in the control of people who are elected.
…is wrong. The strongest central banks in the world all maintain independence from the government. The terrible ones are directly controlled. If you can find an example at odds with this description, then I’d welcome it.
If the Fed chair could be fired and hired on a president’s whims, our interest rates would simply go to whatever is most politically popular. You would get whiplash from the rate at which interest rates change. Economically it would be a disaster because the person who caused it could be out of office before the negatives really hit.
This post was edited on 1/15/26 at 1:47 pm
Posted on 1/15/26 at 1:50 pm to LSURussian
quote:
That doesn't make any sense unless you're admitting you were wrong saying rates went to 9%
For Fannie and Freddie
Non QM reached 10%+
And if you dont think with lender comp borrowers were quoted rates in the 9s for fannie then as usual you are a moron
Do you understand how lender comp works?
Are you going to admit rates reached 8% after YOU claimed they were not?
Posted on 1/15/26 at 2:05 pm to Jesterea
quote:Well, that's not true at all, is it.
managed to get inflation down faster than every other developed nation post-Covid
quote:Of course there is. Granted, there is a difference between indicator(s) and proof. But there are indicators galor.
There is no indicator he’s doing what the democrats want.
quote:There is no solid basis for that assessment. Certainly not "massive inflation" based on a ~1% Fed rate decrease. Tariffs are in place -- a mild deflationary force. AI will be deflationary. The budget deficit is inflationary, but Congress ain't changing that, and every 1% that the FOMC adds to C-of-C for the debt adds $400B/yr to the deficit .... which is inflationary.
ETA: if he did exactly as Trump wanted, it would juice the economy for a short while and then cause massive inflation.
Posted on 1/15/26 at 2:11 pm to SDVTiger
quote:Link to my post that said mortgage rates never reached 8%.
Are you going to admit rates reached 8% after YOU claimed they were not?
Your lies have made you become unhinged.
Posted on 1/15/26 at 2:12 pm to LSURussian
quote:
quote:
Explain how keeping rates high is inflating the cost of houses?
They can''t.
Someone just did, 2 posts above you.
dumbshit
Posted on 1/15/26 at 2:14 pm to RohanGonzales
You're the dumbshit. 
cost of houses =/= your mortgage payment
cost of houses =/= your mortgage payment
This post was edited on 1/15/26 at 2:18 pm
Posted on 1/15/26 at 2:18 pm to NC_Tigah
1. Which country did better?
ETA: you’re correct, I was conflating inflation with our overall recovery and growth. Several countries did better on the inflation front.
2. Be specific with your claims then. You want to excuse the man of being a shill, let us know why.
3a. You want the Fed to factor the effects of AI into their assessments before any measure-able impacts are seen?
3b. I’m sorry, tariffs are deflationary? As in, they make prices go down?
Maybe I’m a rube, but regardless if you dislike Powell, there are three trump appointments on the board. These people all work in concert to set policy. Their terms allow them to not worry about a president’s political concerns. I’ll trust these people and their staffs to do what’s in the best interest for the country.
ETA: you’re correct, I was conflating inflation with our overall recovery and growth. Several countries did better on the inflation front.
2. Be specific with your claims then. You want to excuse the man of being a shill, let us know why.
3a. You want the Fed to factor the effects of AI into their assessments before any measure-able impacts are seen?
3b. I’m sorry, tariffs are deflationary? As in, they make prices go down?
Maybe I’m a rube, but regardless if you dislike Powell, there are three trump appointments on the board. These people all work in concert to set policy. Their terms allow them to not worry about a president’s political concerns. I’ll trust these people and their staffs to do what’s in the best interest for the country.
This post was edited on 1/15/26 at 2:24 pm
Posted on 1/15/26 at 2:55 pm to ragincajun03
quote:
That said…was he also trying to sabotage Biden when interest rates kept rising from 0.25 in February ‘22 to 5.5 by July ‘23?
He had no choice. Inflation was very real and extremely high due to the money printing of the FR.
They should be sent to an island with very little food, no water or shade, and lots of sun.
Posted on 1/15/26 at 2:57 pm to LSURussian
quote:
Link to my post that said mortgage rates never reached 8%.
Your lies have made you become unhinged.
Holy shite the dementia is bad
Posted on 1/15/26 at 2:59 pm to SDVTiger
quote:Just admit it, you can't find a post where I said 8%. You lose...again.
Holy shite the dementia is bad
Posted on 1/15/26 at 3:03 pm to LSURussian
quote:
Just admit it, you can't find a post where I said 8%. You lose...again
You really are a demented ex wife
Posted on 1/15/26 at 3:21 pm to SDVTiger
quote:Rather than posting repetitive personal attacks, why not just post a link to where I wrote what you claim I did and I'll have to admit you're right and I'm wrong?
You really are a demented ex wife
Answer: Because I did not post what you're claiming and you know it. That means personal attacks are all you have.
I win, you lose. Again.
Posted on 1/15/26 at 3:47 pm to LSURussian
Yes you win
8 is nowhere near 9
8 is nowhere near 9
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