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re: Trump blaming FED for economic slowdown is disingenuous
Posted on 10/24/18 at 5:03 pm to NC_Tigah
Posted on 10/24/18 at 5:03 pm to NC_Tigah
quote:It's the other congressional mandate that the Fed is using to justify raising rates....inflation.
Fed keeps its long-run forecast for economic growth unchanged at 1.8%
If the Fed honestly believes that projection, yet is aggressively raising rates, Powell probably needs to be removed.
Their goal is to keep inflation under 2% and the latest figure was 2.3% in September down from 2.7% in August and 2.95% in July.
LINK
What I'm not smart enough to figure out is how does raising rates control inflation being caused by tariff-induced price increases?
1
Posted on 10/24/18 at 5:09 pm to I B Freeman
There is no fricking economic slowdown
Posted on 10/24/18 at 5:12 pm to LSURussian
quote:
It's the other congressional mandate that the Fed is using to justify raising rates....inflation.
gdp isn't the other part of the mandate; unemployment is
and as we all know that one has been below the natural rate (per conventional wisdom) for a long time now
and the interest rate hikes we've seen seem to fit the timeline where they lean on that unemployment rate quite nicely
Posted on 10/24/18 at 5:15 pm to 90proofprofessional
quote:I know, a-hole.
gdp isn't the other part of the mandate; unemployment is
But unemployment is connected to gdp growth. All you want to do is fricking nitpick and argue. Go away, pissant.
This post was edited on 10/24/18 at 5:15 pm
Posted on 10/24/18 at 5:18 pm to LSURussian
quote:
I know, a-hole. But unemployment is connected to gdp growth.
All you want to do is fricking nitpick and argue. Go away, pissant.
lots of things are "connected" to the fed's explicit mandate
y'all were citing the wrong stuff as the decision criteria
going off gdp, 2015 would seem like a terrible time to start raising. but if you're going off unemployment, it's pretty much by the book. pointing this out in the context of this thread is absolutely in-bounds, and judging by the quality of comment in here, needed to be said. cry about it.
This post was edited on 10/24/18 at 5:20 pm
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