Board of Govenors

[JohnDB]

Ok...
A LOT of people are complaining about the Federal Reserve board.

A lot of this recession mess is directly their fault along with Yellen.

Biden has posted no one to this board and several seats are coming up soon.

There could be more if they get terminated....Powell's term is definitely up soon.

So....the current Fed Board of Govenors sucks. Which makes up the federal reserve.
Which basically has the economy of the USA at stake.
Problem is that Yellen was one of the appointees that got no action and he eventually appointed her to the Treasury. (She has not had a successful term at there and Biden left her in as she was doing his bidding anyway).

There has been ZERO discussion by anyone on this very important topic.

 

[jackflash]

Ok...
A LOT of people are complaining about the Federal Reserve board.

A lot of this recession mess is directly their fault along with Yellen.

Biden has posted no one to this board and several seats are coming up soon.

There could be more if they get terminated....Powell's term is definitely up soon.

So....the current Fed Board of Govenors sucks. Which makes up the federal reserve.
Which basically has the economy of the USA at stake.
Problem is that Yellen was one of the appointees that got no action and he eventually appointed her to the Treasury. (She has not had a successful term at there and Biden left her in as she was doing his bidding anyway).

There has been ZERO discussion by anyone on this very important topic.

Do NOT expect any immediate action from the upcoming Capital Hill gang nor the executive branch regarding the fed reserve. America has to get it's domestic issues in order first which may be coming down to nightsticks & blackjacks type action to straighten out a certain segment of American society.

 

[Dekster]

Ok...
A LOT of people are complaining about the Federal Reserve board.

A lot of this recession mess is directly their fault along with Yellen.

Biden has posted no one to this board and several seats are coming up soon.

There could be more if they get terminated....Powell's term is definitely up soon.

So....the current Fed Board of Govenors sucks. Which makes up the federal reserve.
Which basically has the economy of the USA at stake.
Problem is that Yellen was one of the appointees that got no action and he eventually appointed her to the Treasury. (She has not had a successful term at there and Biden left her in as she was doing his bidding anyway).

There has been ZERO discussion by anyone on this very important topic.

Not sure what makes you think he has appointed nobody to the fed board. I think he is up to 4 of its 7 members. Anyway, this "recession mess" has little to do with the federal reserve. Soft landings don't exist.

 

[Harry Dresden]

Ok...
A LOT of people are complaining about the Federal Reserve board.

A lot of this recession mess is directly their fault along with Yellen.

Biden has posted no one to this board and several seats are coming up soon.

There could be more if they get terminated....Powell's term is definitely up soon.

So....the current Fed Board of Govenors sucks. Which makes up the federal reserve.
Which basically has the economy of the USA at stake.
Problem is that Yellen was one of the appointees that got no action and he eventually appointed her to the Treasury. (She has not had a successful term at there and Biden left her in as she was doing his bidding anyway).

There has been ZERO discussion by anyone on this very important topic.

powells term ends in 2028......

 

[struth]

Ok...
A LOT of people are complaining about the Federal Reserve board.

A lot of this recession mess is directly their fault along with Yellen.

Biden has posted no one to this board and several seats are coming up soon.

There could be more if they get terminated....Powell's term is definitely up soon.

So....the current Fed Board of Govenors sucks. Which makes up the federal reserve.
Which basically has the economy of the USA at stake.
Problem is that Yellen was one of the appointees that got no action and he eventually appointed her to the Treasury. (She has not had a successful term at there and Biden left her in as she was doing his bidding anyway).

There has been ZERO discussion by anyone on this very important topic.

Um he’s appoint almost all the current members

 

[JohnDB]

Not sure what makes you think he has appointed nobody to the fed board. I think he is up to 4 of its 7 members. Anyway, this "recession mess" has little to do with the federal reserve. Soft landings don't exist.

Nope. He tried to appoint a few but got no one appointed to the board.

All have been appointed by others. Mostly Democrats are on the board.

 

[JohnDB]

Um he’s appoint almost all the current members

No....Obama has appointed the majority and Biden just renewed some appointments.

Their current monetary policy is what has created the stagflation we are in.

There are two appointments soon (including Powell) but the next comes up in 2026.

Wikipedia has a chart if you want.

 

[struth]

No....Obama has appointed the majority and Biden just renewed some appointments.

Their current monetary policy is what has created the stagflation we are in.

There are two appointments soon (including Powell) but the next comes up in 2026.

Wikipedia has a chart if you want.

Renewing an appointment is an appointment. He didn’t have to

 

[JohnDB]

This, among other reasons is why I'm definitely NOT a fan of Trump or Harris.

Neither is going to appoint anyone who has the correct philosophy concerning our monetary supply.

When coming out of the pandemic they literally flooded the market with cash and printed money like it was a fire sale.
Currently they have been tightening supply to the point that pending house mortgage applications are DEAD....as in the lowest levels since......50 years or more.

Rates are at 6% roughly but no one is buying....there is no excess supply and delinquencies have not risen much. They are rising but not that much.

In two years....maybe.....

Go to Fineviz and look at the US dollar in the Futures market. USD at 101 and change but rising. Those arches on the chart has EVERYTHING to do with the cost of goods we import. GDP as well as supply determines the price.

As GDP goes up the dollar gets stronger. As supply goes up the dollar gets weaker.

Strong dollar means cheap imports but it balloons the price of American made exported goods. Weaker dollar does the inverse.

See those arches on the chart looking like a McDonald's sign? THATS NOT GOOD.

We desperately need a stable dollar.

Between the lack of mortgage applications and bouncing dollar with NO rate cut....that's telling us clues about the Economy. It's a disaster! Stagflation is stagflation. No jobs are available, unemployment is high, wages have dropped due to inflation. And the Federal Reserve has a funky ideology concerning the citizens that does not care about the people only the extremely rich.

 

[Moonglow]

This, among other reasons is why I'm definitely NOT a fan of Trump or Harris.

Neither is going to appoint anyone who has the correct philosophy concerning our monetary supply.

When coming out of the pandemic they literally flooded the market with cash and printed money like it was a fire sale.
Currently they have been tightening supply to the point that pending house mortgage applications are DEAD....as in the lowest levels since......50 years or more.

Rates are at 6% roughly but no one is buying....there is no excess supply and delinquencies have not risen much. They are rising but not that much.

In two years....maybe.....

Go to Fineviz and look at the US dollar in the Futures market. USD at 101 and change but rising. Those arches on the chart has EVERYTHING to do with the cost of goods we import. GDP as well as supply determines the price.

As GDP goes up the dollar gets stronger. As supply goes up the dollar gets weaker.

Strong dollar means cheap imports but it balloons the price of American made exported goods. Weaker dollar does the inverse.

See those arches on the chart looking like a McDonald's sign? THATS NOT GOOD.

We desperately need a stable dollar.

Between the lack of mortgage applications and bouncing dollar with NO rate cut....that's telling us clues about the Economy. It's a disaster! Stagflation is stagflation. No jobs are available, unemployment is high, wages have dropped due to inflation. And the Federal Reserve has a funky ideology concerning the citizens that does not care about the people only the extremely rich.

Lots of jobs where I work in NW Arkansas

 

[struth]

This, among other reasons is why I'm definitely NOT a fan of Trump or Harris.

Neither is going to appoint anyone who has the correct philosophy concerning our monetary supply.

When coming out of the pandemic they literally flooded the market with cash and printed money like it was a fire sale.
Currently they have been tightening supply to the point that pending house mortgage applications are DEAD....as in the lowest levels since......50 years or more.

Rates are at 6% roughly but no one is buying....there is no excess supply and delinquencies have not risen much. They are rising but not that much.

In two years....maybe.....

Go to Fineviz and look at the US dollar in the Futures market. USD at 101 and change but rising. Those arches on the chart has EVERYTHING to do with the cost of goods we import. GDP as well as supply determines the price.

As GDP goes up the dollar gets stronger. As supply goes up the dollar gets weaker.

Strong dollar means cheap imports but it balloons the price of American made exported goods. Weaker dollar does the inverse.

See those arches on the chart looking like a McDonald's sign? THATS NOT GOOD.

We desperately need a stable dollar.

Between the lack of mortgage applications and bouncing dollar with NO rate cut....that's telling us clues about the Economy. It's a disaster! Stagflation is stagflation. No jobs are available, unemployment is high, wages have dropped due to inflation. And the Federal Reserve has a funky ideology concerning the citizens that does not care about the people only the extremely rich.

Um the Fed doesn’t print money.

 

[JohnDB]

Lots of jobs where I work in NW Arkansas

Your localized area is not indicative of the whole nation.

 

[JohnDB]

Um the Fed doesn’t print money.

Yes it does. It does it through debt. Government bonds which the banks then issue out as loans. That's the function of the Federal reserve.

 

[Moonglow]

Your localized area is not indicative of the whole nation.

Then I suggest you move.

 

[Moonglow]

The rate cut will come in September and will be cut around .25 basis points points according to pollsters

 

[JohnDB]

Then I suggest you move.

I'm retired. My wife still works but out of a home office. We don't need to move for a blue collar unskilled job.

Just because your area doesn't have enough unskilled or low skilled labor pool doesn't reflect anything I'm discussing.

 

[JohnDB]

The rate cut will come in September and will be cut around .25 basis points points according to pollsters

It's already being reflected in the market price of money as I ALREADY discussed. But if you don't understand the economy you would not have understood that.

 

[Moonglow]

It's already being reflected in the market price of money as I ALREADY discussed. But if you don't understand the economy you would not have understood that.

Quantitative reduction scares yous.

 

[struth]

Yes it does. It does it through debt. Government bonds which the banks then issue out as loans. That's the function of the Federal reserve.

The fed doesn’t make the debt. The fed doesn’t issue bonds, the Dept of Tres issues bonds

It appears you have no clue what the fed does

 

[22lcidw]

Then I suggest you move.

This is not just about employment. It involves salaries, the kind of work, who is eligible for that work, and who is looking for work. There are many people who have stopped looking for work. There are more and many people who collect checks and benefits of some kind in all ways who are not working. So, what is called the unemployment percentage has an asterisk. There are many people who are employed and from Covid stayed at home. And many of them are not going back to the office to work even if ordered to. Many government employees are in the forefront of this. In spite of this, there is a good percentage of people who are of "can do" no matter what they do.