Powell decides to screw over Americans again

[LudicrousSpeedGO!]

This guy is doing this purely for political reasons. We know this with certainty. There is no way that the FED oscillates between historically dovish under Obama in office, to hawkish under Trump 1.0 raising rates 7 times including twice when inflation is BELOW their target rate, to extreme and foolishly dovish under Biden allowing inflation to flame up to over 9% and even jumbo cutting just before the election to try to boost Harris, to back to hawkish again under Trump 2.0.

The problem isn't just that Powell clearly has turned the FED into an arm of the DNC but also that it is using its power to harm the American people who cannot buy a house with 7% mortgage rates, and are paying over 25% average on credit card debt, and student debt is a much higher rate, and it is costing the US nearly a trillion dollars per year in servicing the debt while rates are artificially held high to get Trump.

And how do we know that the FED itself knows that it is outed as an arm of the DNC? This is the first fed rate decision with a double dissent in over 30 years. There are member of the FOMC that not only know that what Powell is doing is wrong but aren't afraid to stand up and dissent on record.

 

[LudicrousSpeedGO!]

And, it wasn't enough for Powell to $hit on Americans again this month. He opened his mouth and the market now thinks he'll do it again next month and precipitously dropped hundreds of points. The guy is causing harm to the American economy and he's doing it in the name of the DNC.

 

[m.knox]

And, it wasn't enough for Powell to $hit on Americans again this month. He opened his mouth and the market now thinks he'll do it again next month and precipitously dropped hundreds of points. The guy is causing harm to the American economy and he's doing it in the name of the DNC.

Powell revenge tour............

 

[Frank Lee]

Like John Roberts, he's just doing what he's told.

 

[Jerry]

This guy is doing this purely for political reasons. We know this with certainty. There is no way that the FED oscillates between historically dovish under Obama in office, to hawkish under Trump 1.0 raising rates 7 times including twice when inflation is BELOW their target rate, to extreme and foolishly dovish under Biden allowing inflation to flame up to over 9% and even jumbo cutting just before the election to try to boost Harris, to back to hawkish again under Trump 2.0.

The problem isn't just that Powell clearly has turned the FED into an arm of the DNC but also that it is using its power to harm the American people who cannot buy a house with 7% mortgage rates, and are paying over 25% average on credit card debt, and student debt is a much higher rate, and it is costing the US nearly a trillion dollars per year in servicing the debt while rates are artificially held high to get Trump.

And how do we know that the FED itself knows that it is outed as an arm of the DNC? This is the first fed rate decision with a double dissent in over 30 years. There are member of the FOMC that not only know that what Powell is doing is wrong but aren't afraid to stand up and dissent on record.

Yup, remember "transitory," the ridiculous word Powell used to characterize inflation in 2021 when he declined to raise interest rates in the face of exploding numbers...until reality eventually caught up and forced the Fed's hand.

The irony is that if the Fed had moved quickly and forcefully enough back then, inflation might have been contained and the political damage to Senile Joe lessened.

Now Jerome is at it again...only in reverse.

All this said, I think Trump's attacks on Powell are counterproductive. It helps nothing for this to have the appearance of a feud, and Powell is clearly incapable of summoning the integrity and professionalism to rise above his personal feelings about the President.

 

[LudicrousSpeedGO!]

Yup, remember "transitory," the ridiculous word Powell used to characterize inflation in 2021 when he declined to raise interest rates in the face of exploding numbers...until reality eventually caught up and forced the Fed's hand.

The irony is that if the Fed had moved quickly and forcefully enough back then, inflation might have been contained and the political damage to Senile Joe lessened.

Now Jerome is at it again...only in reverse.

All this said, I think Trump's attacks on Powell are counterproductive. It helps nothing for this to have the appearance of a feud, and Powell is clearly incapable of summoning the integrity and professionalism to rise above his personal feelings about the President.

It helps to put the failed monetary policy on Powell for what it is, political bias. Powell will go down in history books as the most biased and the worst Fed chair in the history of the nation. He should bear accountability for the harm he is causing in his attack on the American economy and every American with any type of debt, unrealized home ownership dreams, and needlessly contributing to the national debt.

 

[LionDeNittany]

Yup, remember "transitory," the ridiculous word Powell used to characterize inflation in 2021 when he declined to raise interest rates in the face of exploding numbers...until reality eventually caught up and forced the Fed's hand.

The irony is that if the Fed had moved quickly and forcefully enough back then, inflation might have been contained and the political damage to Senile Joe lessened.

Now Jerome is at it again...only in reverse.

All this said, I think Trump's attacks on Powell are counterproductive. It helps nothing for this to have the appearance of a feud, and Powell is clearly incapable of summoning the integrity and professionalism to rise above his personal feelings about the President.

Trump is no idiot. JPow is keeping rates too high right now.

LdN

 

[AnyNameYouWish]

Powell is still the adult in the room. Glad he's in charge.

 

[Barry]

Powell is still the adult in the room. Glad he's in charge.

Not for long. LOL.

 

[AnyNameYouWish]

Not for long. LOL.

Sometimes you have to do the right thing, even though you know a narcissistic power-hungry nutter, who can't even remember that HE appointed you might act irrationally because he wants headlines and short-term praise.

 

[Barry]

Sometimes you have to do the right thing, even though you know a narcissistic power-hungry nutter, who can't even remember that HE appointed you might act irrationally because he wants headlines and short-term praise.

Powell has a history of being late to take action. History will repeat itself.

 

[Frank Lee]

Jerome Powell and Board of Governors Keep Interest Rates Unchanged - FED GOAL, to Create a Debt Spiral - The Last Refuge

Now you will see why I said to watch this interview without distractions. FED Chairman Jerome Powell announced today the FED Board of Governors is keeping the interest rate at 4.25 to 4.5 percent. The Central Bank of the United States is trying to create an unsustainable debt spiral. The goal...

theconservativetreehouse.com

The creature from Jekyll Island making its move.

 

[AnyNameYouWish]

Jerome Powell and Board of Governors Keep Interest Rates Unchanged - FED GOAL, to Create a Debt Spiral - The Last Refuge

Now you will see why I said to watch this interview without distractions. FED Chairman Jerome Powell announced today the FED Board of Governors is keeping the interest rate at 4.25 to 4.5 percent. The Central Bank of the United States is trying to create an unsustainable debt spiral. The goal...

theconservativetreehouse.com

The creature from Jekyll Island making its move.

Yikes. The conservativenuthouse living up to its name.

 

[jjw165]

https://twitter.com/x/status/1950889523195334850

 

[LudicrousSpeedGO!]

https://twitter.com/x/status/1950889523195334850

Powell is the worst Fed chair in history. It's not even close.

 

[Steve G]

https://twitter.com/x/status/1950889523195334850

remind, who was in charge of FBI, secret service, federal law enforcement and security in 2018? Who let this spy into the country and failed to identify them ? It's OK we already know. Worst president ever, most corrupt president ever, most inept president ever. Allowed foreign spy into country and into highest level of government. Almost like said president was on the take.........

 

[LudicrousSpeedGO!]

remind, who was in charge of FBI, secret service, federal law enforcement and security in 2018? Who let this spy into the country and failed to identify them ? It's OK we already know. Worst president ever, most corrupt president ever, most inept president ever. Allowed foreign spy into country and into highest level of government. Almost like said president was on the take.........

Please list all of the US presidents that didn't allow a foreign spy into the country. Do you honestly believe that a President can prevent all spies from entering the country? But if you are running the FED, you are much more capable of preventing a foreign spy from being hired as a SENIOR advisor. This is likely someone with which Powell interacted personally.

 

[jjw165]

remind, who was in charge of FBI, secret service, federal law enforcement and security in 2018? Who let this spy into the country and failed to identify them ? It's OK we already know. Worst president ever, most corrupt president ever, most inept president ever. Allowed foreign spy into country and into highest level of government. Almost like said president was on the take.........

That’s quite the theory. You may be a good candidate to write a dossier or two.

 

[bdroc]

This guy is doing this purely for political reasons. We know this with certainty. There is no way that the FED oscillates between historically dovish under Obama in office, to hawkish under Trump 1.0 raising rates 7 times including twice when inflation is BELOW their target rate, to extreme and foolishly dovish under Biden allowing inflation to flame up to over 9% and even jumbo cutting just before the election to try to boost Harris, to back to hawkish again under Trump 2.0.

The problem isn't just that Powell clearly has turned the FED into an arm of the DNC but also that it is using its power to harm the American people who cannot buy a house with 7% mortgage rates, and are paying over 25% average on credit card debt, and student debt is a much higher rate, and it is costing the US nearly a trillion dollars per year in servicing the debt while rates are artificially held high to get Trump.

And how do we know that the FED itself knows that it is outed as an arm of the DNC? This is the first fed rate decision with a double dissent in over 30 years. There are member of the FOMC that not only know that what Powell is doing is wrong but aren't afraid to stand up and dissent on record.

It might work out in republican's favor. I expect tariffs to eventually cause a bit of inflation and/or suppress sales which would slow the economy. IMO the more the fed cuts now the less room they have to cut later. Cuts in Q4 2025 and Q1 2026 could help prop up the stock market and economy a little closer to the midterm elections.

In the meantime savers can enjoy higher CD/Bond rates.

 

[Jokerman]

That’s quite the theory. You may be a good candidate to write a dossier or two.

Where was he regarding Swalwell? Silent.