41–50 of 871 posts
Holy shit. So our monetary policy will be just set at the arbitrary whims of the president if this new scheme works. Why does all of this feel like it's just sliding completely out of hand? Am I just being a doomer?
Earlier quoted context omitted.
It's also for very stupid reasons: The fed dropping rates to the degree that would satisfy Donald Trump would greatly accelerate inflation which in turn would further upset voters, who would in turn blame Donald Trump (just like they did Biden before).
Is it just a cynical view that enough voters can be convinced it's the other side at fault? Someone who supports trump, please let me know the logic on this. Genuinely. I'm trying to read other places about these charges but they're just so slanted that they're not really trustworthy. Is there anything to this, or is it really just to pressure the federal reserve?
Many times I've disagreed with Powell, but major props for this statement.
Its crazy how you can see where things are heading and still be surprised when they arrive there.
Well doom is here. Congrats.
"The threat of criminal charges is a consequence of the Federal Reserve setting interest rates based on our best assessment of what will serve the public, rather than following the preferences of the President." Thank you, Mr. Powell. We really want interest rates set to serve the people, not the whims of the President.
This is... just crazy. One of those mostly boring bits of plumbing that has been left to professionals throughout the entire 50 years of my life - and they're trying to wreck it.
It's also for very stupid reasons: The fed dropping rates to the degree that would satisfy Donald Trump would greatly accelerate inflation which in turn would further upset voters, who would in turn blame Donald Trump (just like they did Biden before).
Earlier quoted context omitted.
Is it just a cynical view that enough voters can be convinced it's the other side at fault? Someone who supports trump, please let me know the logic on this. Genuinely. I'm trying to read other places about these charges but they're just so slanted that they're not really trustworthy. Is there anything to this, or is it really just to pressure the federal reserve?
I implore you to stop being credulous before it's too late. Trump supporters deeply believe, and are not shy about saying, that anyone who stops Trump from achieving his political goals should be imprisoned or murdered.
I’m of the opinion from the old Yiddish proverb: “when the cat and dog are fighting, the mouse is safe”. If the admin is fighting with the Federal Reserve, it means they are not focused on figuring out how to further screw us over…
> If the admin is fighting with the Federal Reserve, it means they are not focused on figuring out how to further screw us over…
Messing with interest rates for short term political gain would screw us over.