The ECB is expected to cut interest rates for the 7th time, and yet, “Too Late” Jerome Powell of the Fed, who is always TOO LATE AND WRONG, yesterday issued a report which was another, and typical, complete “mess!” Oil prices are down, groceries (even eggs!) are down, and the USA is getting RICH ON TARIFFS. Too Late should have lowered Interest Rates, like the ECB, long ago, but he should certainly lower them now. Powell’s termination cannot come fast enough!
Oh fuck yeah. Just what we need is some ass kisser who’ll whip the rates up and down. That should inspire more confidence in the dollar.
A loyalist that will let the “right” people know prior to any rate changes
I mean last time he did a bit of bully pulpit and they caved and that was back before grabbing people off the streets and sending them to a foreign gulag.
Yeah fire him and the idiot who put him in office. Who was that again?
Funny enough one of his better appointees, he might have been a big reason US inflation wasn’t so bad after the pandemic, although Biden gets credit for keeping him instead of being a man-baby and firing everyone from the previous administration.
The “soft landing” was a downright miracle of economics. They predicted a recession due to inflation for the entirety of Biden’s administration, and it never happened; all because the Fed knew what they were doing.
Yup. And I’m familiar with other countries, especially ties to Japan who did not raise rates for a long time and felt it. Yet most people just don’t understand that.
Biden gets credit for keeping him
Haven’t you heard? gEnOsiDe JoE kept him because he’s seekritly in league with the fascists just like all the LiBz!?! That’S why we can’t ever vote or have a national party until the whole thing is completely rebuilt from scratch and all businesses have been made the property of the worker. Which will probably take months!
The only reason this hasn’t happened yet is the DeMoNcRaTz keep accepting the devil MoneY from Corporate Fascism, otherwise we’d all be super happy and productive already except everyone in the history of America is evil and bad.
Or so I’ve been told.
I find it funny that Trump is super angry about one of the only people he cannot control… till now, no guarantee what will happen in the future.
This is a very petty and vindictive little man we are talking about. I don’t blame Rosie O’Donnell for fleeing the country and trying to get an Irish citizenship.
I don’t know if Powell has security detail, but he might want to look into finding one that is trustworthy.
Presumably windows, and falling onto bullets.
If the us is getting rich on tariffs then shouldn’t rates need to be raised. Rates being lowered means the economy is not doing well.
There’s a lot being taken into consideration to determine what to do with rates, you can have a strong economy with stable inflation meaning the rates can be low…
There is no stability if the rates are fixed only to some president’s whims.
Which has nothing to do with the comment I was replying to…
Seems pretty relevant.
If the us is getting rich on tariffs then shouldn’t rates need to be raised. Rates being lowered means the economy is not doing well.
The comment was about the relation between the state of the economy and interest rates, I just corrected OP, you can have a healthy economy and low interest rates
That still requires rational actors for stability
Which wasn’t the subject of the content I was replying to, thanks for trying.
the USA is getting RICH ON TARIFFS.
You mean you’re getting rich off tariffs.
What a bully culture, that accepts that from their representative.
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Those aren’t your fellows. They’re nazis.
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It’s really great of you to empathize with people that would happily watch you get sent to El Salvador for not conforming to their ideas of what an American should be. With just a little more of that positive attitude and empathy, I bet those nazis will give you a pass!
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I’m barely over 10 years younger than you. I have three kids between 10 and 17. I worried everyday for them that they would get caught up in one of the shootings at the grocery store or gas station, or that one of these kids bringing guns to their school might use one. I worried that the environment was going to hell and they were being left with even fewer opportunities than I had. And now this…
The door for redemption is always open. Until then, these people are enemies of my children’s future, of every child’s future. So til they seek that redemption, I wish the worst on them.
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Fucking disgusting animals.
Yep. They think that some nebulous “they” really deserve to be punished, to be “owned”, etc…and that petty vindictive little baby donvict is the one to deliver it.
What they think they will get out of this? They’ll still be living lives of misery, most likely made worse by donvict and the qons…
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They didn’t just accept it they enshrined it for all eternity even prior to the election.
Dude wouldn’t know where to find eggs if you dropped him into a grocery store, let alone the prices people are paying. “What could it cost, Michael? $10?” vibes.
To be fair, eggs are $10 now.
Eggs.
Eggs.
Eggs.
The Bluths and the Trumps have many parallels
It’s almost like donvict is an idiot and has absolutely no idea what he’s doing.
Calling it now, Trump will appoint Larry Kudlow from Fox Business News as Fed chair next year.
What many people do not realise, is that Nazi Germany was on the brink of another economic collapse due to Hitler’s rearmament and excessive government spending. The annexation of Sudetenland and going to war gave Nazi Germany the needed funds to keep the country going for awhile. Hjalmar Schacht, the economic minister, opposed the rearmament and warned the government of impending collapse but was sidelined. We are seeing that America is trying to repeat this with tanking stock market and a federal reserve director going toe to toe with the executive.
Jerome is laughing his off at this
r/wallstreetbets is taking this seriously and like most of reddit and here, they are dooming hard. What they predict is the value of the US dollar goes to zero. I’m scared that my children will starve to death.
Leave Jpow alone asshole
Leave him alone!
