FED says time has come to cut interest rates

[JimH52]

Fed's Powell says 'time has come' to begin cutting interest rates

Fed Chair Jerome Powell offered a blunt outline on Friday of the path forward for Fed policy and the need to begin cutting interest rates.

www.yahoo.com

OH, THIS IS GONNA PISS trump OFF. He wanted Powell to consult him before cutting rates. Well, Donnie old boy, you are a private citizen and the FED does not consult with someone who has no governmental authority, other than hiding classified documents and other documented felonies. trump and MAGA know what a cut in interest rates with do for the Market and for Middle America. Anything good for the country right now is bad for trump, as he assumes.

 

[rampart]

has trump ordered his minions at the fed to crank up the inflation rate?

they need to keep a lid on inflation at least through the election.

 

[JimH52]

has trump ordered his minions at the fed to crank up the inflation rate?

they need to keep a lid on inflation at least through the election

You lose

 

[martybegan]

Fed's Powell says 'time has come' to begin cutting interest rates

Fed Chair Jerome Powell offered a blunt outline on Friday of the path forward for Fed policy and the need to begin cutting interest rates.

www.yahoo.com

OH, THIS IS GONNA PISS trump OFF. He wanted Powell to consult him before cutting rates. Well, Donnie old boy, you are a private citizen and the FED does not consult with someone who has no governmental authority, other than hiding classified documents and other documented felonies. trump and MAGA know what a cut in interest rates with do for the Market and for Middle America. Anything good for the country right now is bad for trump, as he assumes.

Mostly because any inflation bounce back it will cause will be after the election.

So Harris gets to crow about it, and either not have to deal with the fallout, or ignore the fallout until after elected.

 

[Harpy Eagle]

Fed's Powell says 'time has come' to begin cutting interest rates

Fed Chair Jerome Powell offered a blunt outline on Friday of the path forward for Fed policy and the need to begin cutting interest rates.

www.yahoo.com

OH, THIS IS GONNA PISS trump OFF. He wanted Powell to consult him before cutting rates. Well, Donnie old boy, you are a private citizen and the FED does not consult with someone who has no governmental authority, other than hiding classified documents and other documented felonies. trump and MAGA know what a cut in interest rates with do for the Market and for Middle America. Anything good for the country right now is bad for trump, as he assumes.

Trump will be pissed, the markets are damn happy

 

[Harpy Eagle]

Mostly because any inflation bounce back it will cause will be after the election.

So Harris gets to crow about it, and either not have to deal with the fallout, or ignore the fallout until after elected.

They waited too long as it is.

 

[martybegan]

They waited too long as it is.

There are those that disagree with that. But if it helps the Dems, the Fed will do it.

 

[jbrownson0831]

You lose

rump-art is your buddy jimboliar.....

 

[Harpy Eagle]

There are those that disagree with that.

Yep, the MAGA cult members that want the economy to enter a recession before Nov to help their god get a few more votes...you know, people like you.

 

[mudwhistle]

Fed's Powell says 'time has come' to begin cutting interest rates

Fed Chair Jerome Powell offered a blunt outline on Friday of the path forward for Fed policy and the need to begin cutting interest rates.

www.yahoo.com

OH, THIS IS GONNA PISS trump OFF. He wanted Powell to consult him before cutting rates. Well, Donnie old boy, you are a private citizen and the FED does not consult with someone who has no governmental authority, other than hiding classified documents and other documented felonies. trump and MAGA know what a cut in interest rates with do for the Market and for Middle America. Anything good for the country right now is bad for trump, as he assumes.

The only short term effect in lowering interest rates will be causing the stock market to go up.

It won't make it easier for people to afford a home because the cost of buying a home is already inflated.

This move is designed only to help the rich.

So congratulations f*cking the middle-class while helping rich donors that support the Democrat Party.

 

[jbrownson0831]

Fed's Powell says 'time has come' to begin cutting interest rates

Fed Chair Jerome Powell offered a blunt outline on Friday of the path forward for Fed policy and the need to begin cutting interest rates.

www.yahoo.com

OH, THIS IS GONNA PISS trump OFF. He wanted Powell to consult him before cutting rates. Well, Donnie old boy, you are a private citizen and the FED does not consult with someone who has no governmental authority, other than hiding classified documents and other documented felonies. trump and MAGA know what a cut in interest rates with do for the Market and for Middle America. Anything good for the country right now is bad for trump, as he assumes.

Its the beginning of coming down from the horrible inflation your ilk caused jimboliar.

 

[mudwhistle]

Yep, the MAGA cult members that want the economy to enter a recession before Nov to help their god get a few more votes...you know, people like you.

Nobody wants the economy to go into recession, you putz

 

[martybegan]

Yep, the MAGA cult members that want the economy to enter a recession before Nov to help their god get a few more votes...you know, people like you.

And you seem to want to ignore the inflationary chance of doing this. But who cares? If it gets Harris the win, Dems want to do it!

 

[mudwhistle]

Its the beginning of coming down from the horrible inflation your ilk caused jimboliar.

The primary reason one raises interest rates is to control inflation.

 

[Harpy Eagle]

And you seem to want to ignore the inflationary chance of doing this. But who cares? If it gets Harris the win, Dems want to do it!

a .25 drop in the rate will not cause inflation when the economy is slowing as much as we have.

But none of that matters as long as your god gets a few more votes

 

[jbrownson0831]

The primary reason one raises interest rates is to control inflation.

I get that....they are getting a headstart on the Trump Administration.

 

[martybegan]

a .25 drop in the rate will not cause inflation when the economy is slowing as much as we have.

But none of that matters as long as your god gets a few more votes

And you really believe the Dems aren't considering that either?

 

[Harpy Eagle]

And you really believe the Dems aren't considering that either?

Yes the Dems are

No, the Fed is not.

 

[martybegan]

Yes the Dems are

No, the Fed is not.

He became a member of the Federal Reserve Board of Governors after being nominated to the post by President Barack Obama in 2012, he was subsequently elevated to chairman by President Donald Trump (succeeding Janet Yellen) and renominated to the position by President Joe Biden.[3][4][5][6] Powell built his reputation in Washington during the Obama administration as a consensus-builder and problem-solver.[2]

He has more in common with Dems than Trump.

 

[mudwhistle]

I get that....they are getting a headstart on the Trump Administration.

What the Democrat Party wants is a recession as soon as Trump gets into office.

The FED is controlled by the UNIPARTY.

They want to drive our economy off a cliff so they can institute socialism.