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Fed leaves rates steady, projects higher inflation

CaughtInThe said:
Trump's guy...



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yes yes yes, tariffs are a Tax that someone pays.

'no new taxes' is old skool: Orange 2.0

now it is 'new taxes' but we call them Tariffs.

with war on the horizon, get the stuff you need before you can't get it at any price.


blessings.

.
 
Jessie C said:
I think the hatred between the trumpdump and Powell is mutual...felon donnie is already talking about taking over the Fed. God help us all if that ever happens..:rolleyes:

Literally everything trump touches relating to our government and the American people turns to shit. EVERYTHING! The only things that haven't turned to shit (yet) are the reason he ran for President...his never ending need to enrich himself and his worthless family at the expense of the American people... That's OK, he's the bankruptcy guru, wait for more of them as the entire world turns on him, all of his golf courses and gaudy hotels...

Most American's don't give a rats ass about his personal grifter wealth...but we all should...he's robbing this country blind.
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Except it's not just Trump. We've had a succession of stupid, draining wars. The Biden Administration was awful, too, and did more than its fair share of Gaza baby bombing. Somehow, we've got to get out from under the two party system. It's no longer viable because the nation is too big and too philosophically and religiously diverse. A two party system at this point is ripe for extremism and ferocity, and for all intents and purposes, the only thing it represents is itself with its internal cronyism, greed and moral deficit. Poor Sanders is up there representing the last decent politician, like the last of the Mohicans
 
dmpi said:
No real surprise here. Fed was in a pickle, they couldn't lower rates because that would acknowledge that Trump was right. So they punted and said pretty much what they said the meeting before.
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Powell is opposed to acknowledging that the man who named him to his position is right?
 
Logophile said:
Except it's not just Trump. We've had a succession of stupid, draining wars. The Biden Administration was awful, too, and did more than its fair share of Gaza baby bombing.
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Logophile said:
Somehow, we've got to get out from under the two party system.
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yes, the 2 party system makes it tooo easy to play the Dialectic, i.e. left vs right et al.

i think christians need their own Viable party, for us to control more of this country. my personal choice would be for a Christian Theocracy party or a holiness party to be distinct from the corrupt Blue and Red parties in dee cee.

whatcha think? should i start a thread on my new christian party and start a Movement right here on DP ?

it might work.




Logophile said:
It's no longer viable because the nation is too big and too philosophically and religiously diverse. A two party system at this point is ripe for extremism and ferocity, and for all intents and purposes, the only thing it represents is itself with its internal cronyism, greed and moral deficit. Poor Sanders is up there representing the last decent politician, like the last of the Mohicans
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You guys keep forgetting about the massive trickle down raises from the 2017 tax cuts that are coming any day now, and honestly, I'm getting a little tired of reminding you.
 
Helix said:
You guys keep forgetting about the massive trickle down raises from the 2017 tax cuts that are coming any day now, and honestly,
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Helix said:
I'm getting a little tired of reminding you.
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yur getting tired of Winning.

and yur right, it is getting exhausting and will not quit.

maybe we have the fed rates and tariffs all wrong: this is the Golden Age.


yeah.

.
 
CaughtInThe said:
Weaker growth. Higher inflation.

Just like Trump promised during the campaign.



"The Federal Reserve left interest rates unchanged for the fourth straight meeting, as its leaders projected weaker growth and higher inflation this year than they envisioned three months ago — but they continue to expect two rate cuts later this year."



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I'm not seeing a lot inflation indicators just yet. I am seeing recession signs, though, and I wouldn't be surprised if we're heading into a significant recession. I am also increasingly concerned about the debt situation, which is unsustainable.
 
CaughtInThe said:
Trump campaign promise issued. Trump campaign promise kept.

Lower prices.

:cool:
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I think we're probably looking at stagflation, with maybe more emphasis on the stag than on the flation, but there are so many moving parts right now, it's really hard to tell where this is going. I doubt anywhere good, though.
 
Logophile said:
If he didn't before, I'm sure by now Powell detests Trump. Trump seems to have that effect on people that work around him, near him or wherever. Even Elon took an exit.
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Trump has pretty much single handedly undoing everything Powell accomplished over his Tenure and blamed it on Powell.

It's basically like going to work and having your boss undercut everything they told you they wanted you to do.
 
Ikari said:
Yay, higher prices! Thanks Trump.
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Were you not noticing how much higher prices had gotten under Biden? That's what was happening because Biden was trying to pay people to stay at home instead of going to work and being productive.
You, and Yellen and Fed Chairman Powell called that "transitory inflation" - but of course it wasn't, it was permanent.
 
Suddenly, and without warning, leftists became immensely concerned with even the possibility of the slightest price increase...
 
sanman said:
Were you not noticing how much higher prices had gotten under Biden? That's what was happening because Biden was trying to pay people to stay at home instead of going to work and being productive.
You, and Yellen and Fed Chairman Powell called that "transitory inflation" - but of course it wasn't, it was permanent.
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No, there was global inflation that hit as a result of COVID distributing supply chains that everyone went through. It spiked, and it came back down, which is the definition of transitory.

What Trump is causing isn't because if some global pandemic and others aren't getting hit as we are. What we are screaming into is the result of Trump's policies.
 
Taylor said:
Suddenly, and without warning, leftists became immensely concerned with even the possibility of the slightest price increase...
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Because of intentional stupidity by trump
So unnecessary
But lefties complained about Trump's stupidity since 2016
Try to pay attention
He is such an unstable moron that it's hard to predict and complain about his latest stupidity except suddenly
 
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Logophile said:
Except it's not just Trump. We've had a succession of stupid, draining wars. The Biden Administration was awful, too, and did more than its fair share of Gaza baby bombing. Somehow, we've got to get out from under the two party system. It's no longer viable because the nation is too big and too philosophically and religiously diverse. A two party system at this point is ripe for extremism and ferocity, and for all intents and purposes, the only thing it represents is itself with its internal cronyism, greed and moral deficit. Poor Sanders is up there representing the last decent politician, like the last of the Mohicans
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CF "Duverger's Law"
 
As predicted.
Tariffs are taxes on Americans.
They will drive up prices.
Inflation will follow.
Trump is an economic idiot.
 
Revelation said:
yur getting tired of Winning.

and yur right, it is getting exhausting and will not quit.

maybe we have the fed rates and tariffs all wrong: this is the Golden Age.


yeah.

.
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Sorry, my friend.

As much as I support Christian values, I don't see how a Christian Political Party - if it were to come to power - reconciles with a Constitution that has an Anti-Establishment Clause.
 
multivita-man said:
I think we're probably looking at stagflation, with maybe more emphasis on the stag than on the flation, but there are so many moving parts right now, it's really hard to tell where this is going. I doubt anywhere good, though.
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My vibes are very much the same. A lot of recessionary signs are about.

And as you earlier wrote, adding another $4T onto the massive $36T of debt is adding weight serious weight.

God forbid if inflation does take-off, and the cost of debt service shoots up.
 
Ikari said:
No, there was global inflation that hit as a result of COVID distributing supply chains that everyone went through. It spiked, and it came back down, which is the definition of transitory.
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No, the inflation was accretive, and didn't go negative to bring prices back down.

So if something went from $1.00 to $1.15 a couple of years ago, but more recently it only went from $1.15 to $1.20, then you want to call that a win ("See? The prices went up less this time!")
The fact is that it's now 20% more expensive compared to a few years ago, but meanwhile paychecks haven't gone up.
The price effects under Biden have been one-way, rather than bringing prices back down.

Ikari said:
What Trump is causing isn't because if some global pandemic and others aren't getting hit as we are. What we are screaming into is the result of Trump's policies.
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You're ignoring what Trump is trying to do. He's trying to force China to open up its markets to American products, instead of shutting them out.
You're talking exclusively about prices, without talking about paychecks -- ie. employment, where the jobs come from.
Trump's moves are aimed at gaining Americans more employment opportunities. What did Biden do there? He paid people to stay at home rather than go to work.
Not only did that destroy productivity, but it also increased the money supply -- so a double whammy for inflation. You were more interested in exonerating him than holding him accountable.
 
sanman said:
Were you not noticing how much higher prices had gotten under Biden? That's what was happening because Biden was trying to pay people to stay at home instead of going to work and being productive.
You, and Yellen and Fed Chairman Powell called that "transitory inflation" - but of course it wasn't, it was permanent.
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Taylor said:
Suddenly, and without warning, leftists became immensely concerned with even the possibility of the slightest price increase...
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But it was understood the Biden inflation was post-pandemic induced.

This stuff now, is unnecessarily self-inflicted.
 
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