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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 4:00 pm to Jesterea
Posted on 1/15/26 at 4:00 pm to Jesterea
quote:Yes. Once implemented, any one-off costs (taxes, tariffs, etc) passed to the consumer are inherently deflationary.
I’m sorry, tariffs are deflationary? As in, they make prices go down?
quote:After 8yrs of ZIRP during Obama's tenure, Yellen, then Powell stomped the brakes heavily on T-45's economic growth package. From Trump's election thru 2019, rates were raised from ~0.25% to ~2.5. By Q1 2019, Fed rate increases were obviously overdone and an economic hindrance. Cuts were expected. Instead Powell and the FOMC held fast. They finally cut in Q3, 6 months late.
2. Be specific with your claims then. You want to excuse the man of being a shill, let us know why.
In Feb 21, with Americans returning to work and the new Admin already demonstrating incompetence resecuring supply chains, pending supply-demand issues were obvious to anyone with a functioning brain. Inflation began to ramp up. Yet Powell & Co sat on their hands. By Q2 inflation was obviously rooted to the worsening supply-demand fiasco. Yet, in perhaps one of the dumbest proclamations by a Fed Chair ever, Powell said he believed the increasing inflation to be transitory. It was a horrid Fed failure.
Then with T-47 inheriting an economic mess and with FOMC cuts widely expected, Powell first correctly discounted tariffs as non-inflationary (inflation refers to a continuum of price pressure, not a singular step-up). Then he changed his tune, inexplicably designated tariffs as inflationary, and maintained increasingly restrictive rates.
Again, as with T-45, it looks like Powell is trying to undercut Trump's economic growth initiatives. We have inflation coming in at lower than expected levels, and Gen Z unemployment running at ~11% (ELEVEN PERCENT!!!). Powell and his FOMC think the Gen Z unemployment situation is just fine though, because overall unemployment numbers are deemed acceptable. The guy just SUCKS! Whether his ineptitude is deliberate (political), I'll leave others to determine.
0
Posted on 1/15/26 at 4:10 pm to ragincajun03
quote:Nah. Let's set the perspective ...
…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.
In June 2022, the FOMC rate was 1.5 - 1.75% ..... Inflation was 9.1% !!!!
Currently, the FOMC rate is 4.25 - 4.5% ..... Inflation is 2.7% !!!!
---
Seems like a differential of sorts, no?
Posted on 1/15/26 at 4:19 pm to Gifman
Lol, he only hires the best and the forgets he hired him and then he is the worst fed.
Hilarious and pitiful, we know who the worst/ bum is. Mr smoke and mirrors
Hilarious and pitiful, we know who the worst/ bum is. Mr smoke and mirrors
Posted on 1/15/26 at 5:08 pm to Auburn1968
quote:
The cost of a mortgage has a great deal to do with interest rates. Have you never had a mortgage?
Not an even a mortgage, a car note, a credit card, line of credit, personal loan, student loan, any lending product at all lol.
I’d expect a 5 year old not to know this but an adult with a college degree (even from LSU)? Come on now lol.
Posted on 1/15/26 at 6:09 pm to SDVTiger
quote:To be clear, whenever you refer to a specific interest rate in the future what you really mean could be a number less than or more than that interest rate within a margin of error between 10-15%?
Yes you win
8 is nowhere near 9
Posted on 1/15/26 at 6:14 pm to LSUTANGERINE
Posted on 1/15/26 at 7:25 pm to NC_Tigah
quote:
Seems like a differential of sorts, no?
Since when do we let such minor details get in our way?
Posted on 1/15/26 at 7:56 pm to catfish 62
quote:
You know that the federal funds overnight rate has nothing to do with home mortgage rates right?
You might want to sit this one out. The only time in history that the rates didnt move in tandem was the 8 years Obama was prez. When we knew that were playing politics with their 0% rate for the black guy
Posted on 1/15/26 at 8:04 pm to KiwiHead
You’re more retarded than Tim Walz.
Posted on 1/15/26 at 8:46 pm to KiwiHead
quote:
Explain how keeping rates high is inflating the cost of houses?
Jesus are you kidding. I has a huge increase to mortgages payments you moron!
Posted on 1/15/26 at 8:50 pm to LSURussian
quote:
To be clear, whenever you refer to a specific interest rate in the future what you really mean could be a number less than or more than that interest rate within a margin of error between 10-15%?
No rates were at 9% when it hit 8% with lender paid comp
Non QM was 10% +
I know you have no idea what Im talking about
Posted on 1/15/26 at 9:18 pm to Gifman
quote:Apparently, presidents dont have much say in the list they have to choose from.
One of trumps worst decisions was to hire this bum
Will be interesting to see if he goes rogue for the next guy. And if the Senate Repubs will let him.
This post was edited on 1/15/26 at 9:19 pm
Posted on 1/15/26 at 9:21 pm to NC_Tigah
quote:It's a cute idea. Why not lower rates to 0% for one day, sell all the debt, then raise it the following day? I'm sure nothing would go wrong.
Trump has said that. Repeatedly. A 1% rate increase in cost-of-carry increases our deficit $400B/yr
Posted on 1/15/26 at 11:52 pm to SDVTiger
quote:
No rates were at 9% when it hit 8% with lender paid comp
Non QM was 10% +
Posted on 1/16/26 at 7:03 am to Taxing Authority
quote:Because that is not the way it works. Rates are swapped as old bonds hit maturity and new instruments are auctioned. As low rate ZIRP bonds mature, they'll be exchanged for higher yield securities. How high depends in part on FOMC influence.
It's a cute idea. Why not lower rates to 0% for one day, sell all the debt, then raise it the following day?
Posted on 1/16/26 at 8:01 am to Timeoday
I disagree with your post. Cutting rates two months before an election doesn’t affect the election much. The only effect that would have is that credit card users would see a lower interest rate in the last couple of weeks leading to the election. I guess that could swing a very small number of votes, but if that was the intention, cutting six months out would be the best policy. That would allow time for mortgages, and business loans, to go down and for that free money to become stimulus for the economy.
The notion that the Fed should have cut rates more by now seems missplaced to me. I could easily be wrong, because there is a lot I don’t understand about economics, but we are seeing robust growth in the economy and higher inflation than we’d like. Why cut rates in that environment? It seems to me that inflation would explode. I felt the same way about Biden’s trillion stimulus bill; it was throwing gasoline on a fire. This would be too, imo.
The notion that the Fed should have cut rates more by now seems missplaced to me. I could easily be wrong, because there is a lot I don’t understand about economics, but we are seeing robust growth in the economy and higher inflation than we’d like. Why cut rates in that environment? It seems to me that inflation would explode. I felt the same way about Biden’s trillion stimulus bill; it was throwing gasoline on a fire. This would be too, imo.
Posted on 1/16/26 at 8:13 am to LSURussian
Thats what i figured
You have no idea what saying but im rught like always
You have no idea what saying but im rught like always
Posted on 1/16/26 at 8:15 am to SDVTiger
quote:
You have no idea what saying but im rught like always
You weren't even right about the pigeon English "sentence" you just typed.
Posted on 1/16/26 at 8:16 am to wackatimesthree
I win again 
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