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Is this the Jerome Powell economy?

Airyaman

Airyaman

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Why hasn't that guy already dropped the rates on the hottest country in the world? We have record tax income on foreign goods, but it's Powell that's holding the USA back from record GDP!

Amirite?



MAGA, they think you're stupid.

Are you?
 
Airyaman said:
Why hasn't that guy already dropped the rates on the hottest country in the world? We have record tax income on foreign goods, but it's Powell that's holding the USA back from record GDP!

Amirite?



MAGA, they think you're stupid.

Are you?
Click to expand...


Stagflation remains a risk. Rates might not come down. tRumpers will melt down if the rates stay the same--those idiots feel entitled to a rate cut.
 
"Too Late" Powell is an idiot..
lets see if he drops a full point in sept..probably not but a full point drop would still be higher then most other countries
 
In general, reserve banks around the world tend to act cautiously. That means that when there is still a risk of inflation growing, they are reluctant to bring interest rates down. This is not just an American, or Powell thing. What we have at the moment is Trumps policies definitely pushing inflation upwards, and at the same time, pushing jobs down. Those are the two indicators that the Fed is mandated by congress to respond to. Trouble is that with Trumps current policies the two indicators are driving in opposite directions, meaning that the Fed addressing one indicator through interest rates, will almost certainly make the other indicator worse. Cases like this are often referred to as stagflation, and stagflation is very difficult to correct.

Having said all that, I do expect an interest rate drop at the next fed meeting. I think the overall economic damage that Trump has caused is now starting to outweigh the cost of letting inflation climb further. I think perhaps the biggest risk is that it is not interest rates that are weighing on the economy, but the collapse of confidence that has come with Trumps endless TACO management style. Interest rates are somewhere close to the average for the past 50 years or so, but the economic confusion that Trump has created is close to unprecedented.
 
Powell is an idiot. He predicted there would be a recession under Biden, then manipulated the Prime Rate and caused the most damaging and longest lasting recession in American history.

www.heritage.org

Biden’s Recession

This week, EJ Antoni, a research fellow in Heritage’s Center for Data Analysis explains exactly what marks a recession and more importantly—looking beyond politics and definitions—what everyday Americans should expect now that the recession is official.
www.heritage.org www.heritage.org

Bloomberg Forecast: 100 Percent Chance of Biden Recession - Ways and Means

Not only is a Biden recession “effectively certain,” but will happen much sooner, according to a new Bloomberg Economics model....
waysandmeans.house.gov waysandmeans.house.gov
www.nytimes.com

Economists Predicted a Recession. So Far They’ve Been Wrong. (Published 2024)

A widely predicted recession never showed up. Now, economists are assessing what the unexpected resilience tells us about the future.
www.nytimes.com www.nytimes.com


Everybody, and I mean everybody, predicted a recession during the Biden administration. There was no recession thanks, in large part, to the Fed's perfect timing concerning interest rates.

But TACO wants to fire the people responsible for helping prevent the recession (Jerome Powell) and replace them with sycophants.

I predict a Trump recession.
 
Trump probably could have coasted into an economy that was ready to boom but he got a bee in his bonnet to show 'em who's boss and the uncertainty of future tariffs are screwing us up. All because of his ego and ignorance.
 
soap box said:
Trump probably could have coasted into an economy that was ready to boom but he got a bee in his bonnet to show 'em who's boss and the uncertainty of future tariffs are screwing us up. All because of his ego and ignorance.
Click to expand...
Maybe if the obstructionist liberal judges would stay out of the business of the executive branch, things would level up and stay constant. Nope, that's not what they have done. Let's wreck America is the call of the left.
 
Airyaman said:
Why hasn't that guy already dropped the rates on the hottest country in the world? We have record tax income on foreign goods, but it's Powell that's holding the USA back from record GDP!

Amirite?



MAGA, they think you're stupid.

Are you?
Click to expand...

Wasn't he the boss for like, a deadass long time? Maybe he wants inflation like in 2021-2023? Maybe that's his ao3 posts?
 
Integrityrespec said:
Maybe if the obstructionist liberal judges would stay out of the business of the executive branch, things would level up and stay constant. Nope, that's not what they have done. Let's wreck America is the call of the left.
Click to expand...

Which judge and when? What ruling was partisan? Are you blaming a judge for a stupid and illegal demand trump made?

You don't realize the uncertainty caused by Trump's inability to remain consistent is wrecking the economy?

How completely absurd it is to blame the left for Trump's BS.
 
Integrityrespec said:
Maybe if the obstructionist liberal judges would stay out of the business of the executive branch, things would level up and stay constant. Nope, that's not what they have done. Let's wreck America is the call of the left.
Click to expand...

What the **** does your incoherent babble have to do with the subject of the thread: dumbass Fox lies about Jerome Powell and interest rates?
 
Integrityrespec said:
Maybe if the obstructionist liberal judges would stay out of the business of the executive branch, things would level up and stay constant. Nope, that's not what they have done. Let's wreck America is the call of the left.
Click to expand...
See in America we are supposed to have a balance of power to prevent corruption. Three equal branches of power. If you sit and think for a moment you might be able to put it together.
 
TangoNoCash said:
See in America we are supposed to have a balance of power to prevent corruption. Three equal branches of power. If you sit and think for a moment you might be able to put it together.
Click to expand...
Chex and falanges? Chex and falanges? We don't need no stinkin' chex and falanges!
 
anatta said:
"Too Late" Powell is an idiot..
Click to expand...

He's been involved in financial/economic related work for 40 years. Private sector AND government.
He's not an idiot.

What is your background in economics?
 
Integrityrespec said:
Maybe if the obstructionist liberal judges would stay out of the business of the executive branch, things would level up and stay constant. Nope, that's not what they have done. Let's wreck America is the call of the left.
Click to expand...
"Obstructionist liberal judges" aren't the ones slapping tariffs willy nilly on our major trading partners.
 
anatta said:
"Too Late" Powell is an idiot..
lets see if he drops a full point in sept..probably not but a full point drop would still be higher then most other countries
Click to expand...
Why would he need to drop rates? This is the "Golden Age".

 
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