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Without the Fed, how would you advise the nation deal with events like the Great Depression, the Great Recession, or COVID? Would you disagree that the Feds actions shortened these events and thus helped the public in the process?
Statement from Jerome Powell
151–160 of 871 posts
Re: Statement from Jerome Powell
#152Earlier 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).
> would further upset voters I continue to be surprised by people who have seen things unfold as they have over less than a year of this administration and still somehow believe we'll continue to have "free and fair" elections anytime in the near future. We have over, and over again seeing virtually all of the "checks and balances" we learned about as kids being overridden without consequence. This community of all o…
News from today: https://www.nytimes.com/2026/01/11/us/trump-voting-machines-...
> Trump Regrets Not Seizing Voting Machines After 2020 Election: In an interview, the president said he should have ordered the National Guard to take the machines
Re: Statement from Jerome Powell
#153Earlier quoted context omitted.
[deleted] https://finance.yahoo.com/news/fed-renovation-budget-balloon... https://www.federalreserve.gov/faqs/building-project-faqs.ht...
The point is better (and stands on its own) without treading into personal attacks. Don't let a throwaway account bait you into turning it into a battle of name calling instead of sticking to readily available facts as you link at the end, it's what they often want and if they were sincere it severely diminishes the chances they'll believe your links were in good faith anyways.
Facts matter, as does telling people it is on them to understand them. Otherwise, we will spin in perpetuity refuting people who are not discussing in good faith. I stand by my assertions. I do not believe it is impolite to call out a potential lack of education, or ignoring of facts and reality. Without shared facts and reality, discussion and debate is impossible.
Re: Statement from Jerome Powell
#154[deleted]
Re: Statement from Jerome Powell
#155Threats like the ones Powell's receiving would be the end of any other presidency. Why tech elites continue to align themselves with this clownshow will be a source of incredible shame that I'll hold onto forever.
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Re: Statement from Jerome Powell
#156Earlier quoted context omitted.
Holy shit. If you believe even a small minority actually want that, please unplug and talk to real people in meat space.
Even if one grants that it is a small minority, aren't they still voting for someone who advocates for jailing and killing political opponents?
>Even if one grants that it is a small minority
It is. What's more, such support is roughly the same across both parties, but both parties vastly overestimate the other side's support.
Re: Statement from Jerome Powell
#157Does anyone have a steelman argument for this?
As a casual follower of economic news and completely ignorant of politics, my guess is that the administration believes the fed isn't acting according to mandate of stability and jobs. I have no clue how valid that is
Trump thinks lowering the interest rates means market goes up before election. That's all there is to it everyone knows it's not about stability and jobs
Re: Statement from Jerome Powell
#158Earlier 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).
The MAGA crowd and their lickspittles/enablers are so far removed from reality that they only believe their leader. And many others will vote for system-wreckers (broadly: conservatives) again , because the democrats cannot fix much of the damage done within the next legislative periods, let alone just one... even if the miracle of a trifecta happens and SCOTUS loses its majority on top of it. Rinse, repeat.
These are the very people who would help him rewrite history that yes he indeed did earn the Nobel Peace Prize as it is obviously and prominently displayed in his office, the words and records of the Nobel committee be damned.
Re: Statement from Jerome Powell
#159This 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.
> 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.
There is even a more boring and obscure bit of plumbing, the Treasury payment system, that they/DOGE went after last year:
* https://arstechnica.com/tech-policy/2025/01/musks-doge-clash...
* https://news.ycombinator.com/item?id=42904200
* https://hn.algolia.com/?q=treasury+payment+system
Every knee must (forced to) bend.
Re: Statement from Jerome Powell
#160Earlier quoted context omitted.
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.
Holy shit. If you believe even a small minority actually want that, please unplug and talk to real people in meat space.
Maybe eight years ago. But in my experience, Trump supporters today have no line he can cross which will cause them to stop supporting him. They might claim to, but time after time, they just find a way to justify and double down.