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Wages have been beating Inflation for 10 months straight...“Inflation slowing” means it is still shooting to the fucking moon, but at a slightly slower pace.
Inflation rates are slowing .. the compounded damage is already done. Powell recently announced that rate cuts were on pause for the time being.Inflation is slowing and the economy healthy with interest rate cuts coming this year.
So are you trying to say Trump had higher growth than Biden?As an aside, Trump recently said that he'd get rid of Powell.
Biden's Fed appointees, collectively speaking, are in defense mode. And Powell himself is trying to keep his job. Of course, they're gonna run interference for the incumbent administration with temporary antics like this.
The Fed is going to do everything in its power create the illusion in the eyes of low info voters to keep the incumbent administration intact.
It's politics 101.
Duh.
But you can't hide how much a loaf of bread or a dozen eggs cost. Or a gallon of fuel. Not even if you try to be a weasel about it and blame the stores. Average Americans trying to make ends meet live in the real world. They are quite aware of the sad state of their purchasing power.
Why cut rates?Inflation rates are slowing .. the compounded damage is already done. Powell recently announced that rate cuts were on pause for the time being.
I believe a guy was awarded the Nobel Prize in Econ for proving this very observation.As an aside, Trump recently said that he'd get rid of Powell.
Biden's Fed appointees, collectively speaking, are in defense mode. And Powell himself is trying to keep his job. Of course, they're gonna run interference for the incumbent administration with temporary antics like this.
The Fed is going to do everything in its power create the illusion in the eyes of low info voters to keep the incumbent administration intact.
It's politics 101.
Duh.
But you can't hide how much a loaf of bread or a dozen eggs cost. Or a gallon of fuel. Not even if you try to be a weasel about it and blame the stores. Average Americans trying to make ends meet live in the real world. They are quite aware of the sad state of their purchasing power.
Thank the Orange Perv for crashing the economy in 2020 because of his inability to manage Covid response.Inflation rates are slowing .. the compounded damage is already done. Powell recently announced that rate cuts were on pause for the time being.
Inflation is slowing and the economy healthy with interest rate cuts coming this year.As I'd mentioned elsewhere around the board, historically speaking, the FED will pretty much always run interference for the incumbent administration by taking temporary ''relief'' measures.
Largely because they want to keep their jobs.
As such, any temporary actions taken by the Fed during an election year are almost always for the purpose of creating a temporary illusion of relief in mainstream programming for the benefit of the incumbent administraton and should be taken with a giant truckload of salt.
Do better, Jones...
^idiotWages have been beating Inflation for 10 months straight...
I know there is a lot of MAGA here that are really disappointed that US economy is doing very well.. This means the MAGA is wrong on economics, Biden is hammering Trump numbers at the moment while reducing the deficit...
Democrats shut down the economy .. derp!Thank the Orange Perv for crashing the economy in 2020 because of his inability to manage Covid response.
Thank you Paul Krugman for sharing what many of us know .. now the majority of the constituency know more about this weekend's Super Bowl than the economics 101 you've mentioned ... more about sports than the politics, government and the people they vote for ..Why cut rates?
Economics 101, if the economy is booming don't overheat it with rate cuts...
GOP claim to know something about economics until someone told them is is a social science... There are times when to inject money into the economy and times when to retract..
Democrats shut down the economy .. derp!
Would not have had to if Trump had been a good manager. He was not, because he cannot control his feelings. So... he caused the shut down.Democrats shut down the economy .. derp!
www.politifact.com
So are you trying to say Trump had higher growth than Biden?
Wages have been beating inflation...
Even Trump is trying to take credit for the Biden Economy in the most insane way..
But go on ahead... Campaign on the Economy... GOP/MAGA has stopped focusiing on the economy cause they know they are going to loose on that...
So the moved to Immigration but Biden is cutting them off there... There is a bill in the house that Trump is blocking, Trump and MAGA are the ones who are stopping Biden from helping America... Biden even doubled down and said he would close the border in the full knowledge that Trump can't give Biden a win, so Biden is stealing his lunch...
GOP will now have to find another topic, they have a problem, they are either on the unpopular side of an issue (e.g. abortion, democracy,...), loosing an issue (economy, healthcare,...) OR is insignificant (e.g. CRT,...). They have only got outrage TV left...
Inflation is slowing and the economy healthy with interest rate cuts coming this year.
Your propagandists deliberately keep you in the dark, if not outright lie to you.Economy healthy? Roflmao
How could Trump have been "a good manager" of virus that was originally identified from China with mixed messaging from WHO and other organizations on its outcome? Tell us John Edgar Slow HorsesWould not have had to if Trump had been a good manager. He was not, because he cannot control his feelings. So... he caused the shut down.
I believe a guy was awarded the Nobel Prize in Econ for proving this very observation.
The long and the short of it was that the general public knows intuitively when the economy is shitty and when it's good...They don't need charts, graphs, chin stroking observations about yield curves and the like...They just know when things are good, and when they suck.
He resisted the advice of his advisors who knew the problem far better than he did.How could Trump have been "a good manager" of virus that was originally identified from China with mixed messaging from WHO and other organizations on its outcome? Tell us John Edgar Slow Horses
