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Statement from Jerome Powell

federalreserve.gov

201–210 of 871 posts

Re: Statement from Jerome Powell

#201

Its crazy how you can see where things are heading and still be surprised when they arrive there.

Everyone calling it out was named a doomer. Well doom is here. Congrats.

> Everyone calling it out was named a doomer.

Or labelled:

* https://en.wikipedia.org/wiki/Trump_derangement_syndrome

Re: Statement from Jerome Powell

#202

Remember early in his first term when he tested waters but the governmental system pushed back and kept him in check? It feels like an out of body experience to look at this and contemplate how much he’s changed about how the U.S. government conducts itself.

In his first term, he probably didn't yet understand how much power the office truly holds and how to wield it and just how far you can go with that. Because the main restriction on all of that power has always been convention rather than any actually robust guard rails. But no one, not even someone like Nixon, has ever dared to truly test that out.

Re: Statement from Jerome Powell

#203
The US drift into Adam Curtis' broad thesis in hypernormalisation(a) continues apace I see. Great to see J Pow putting up a fight but I fear this is all going one way.

(a) >We live in a world where the powerful deceive us. We know they lie. They know we know they lie. They don't care. We say we care but do nothing.

Re: Statement from Jerome Powell

#206
post #145
post #54

So I'm sitting here as a Canadian wondering what the American people are going to do? I understand a lot of what the President of The United States says - I even agree with some of it, the problem is I don't feel like we're engaging with the American people anymore. I really wonder where you guys are headed and what it means for the rest of us, I spent 15 years in the states, built a public company there, I really li…

There's basically nothing the American people can do short term. The US government is entirely non-responsive and only nominally representative. Barring a wave of Republican retirements in the House, the absolute soonest there are any guardrails are after the 2026 midterms when a new congress is seated in 2027.

Gerrymandering, infinite lobbying corruption, and manufactured consent are supposed to keep the populace doing and thinking what the 1% want, and cheating to help them. They can't even do those properly anymore with vast resources. Perhaps billionaires and failed celebrity reality stars don't make the best public administrators.

Re: Statement from Jerome Powell

#207
post #196
post #177

Earlier quoted context omitted.

If citing the behavior of the most rabbid supporters is allowed (because that's who shows up to campaign rallies), then it's not hard to find an equivalent on the left. /r/all is full of people wanting various people in the epstein files, including trump, to be locked up on spurious associations.

Locking people up for crimes is different from locking them up because they are your political opponents . I don't think I've seen people on the left yelling about locking Mitch McConnell up, for instance, even if he bears much responsibility for all of this.

>Locking people up for crimes is different from locking them up because they are your political opponents.

I thought they were upset about her emails or whatever?

Re: Statement from Jerome Powell

#208

[flagged]

They literally have an entire web site dedicated to this that explains the reasons for the cost increase:

https://www.federalreserve.gov/faqs/building-project-faqs.ht...

Could it have been cheaper? Possibly. But let’s be real here. It’s blatant intimidation.

Re: Statement from Jerome Powell

#209

Many times I've disagreed with Powell, but major props for this statement.

Courage in short supply, refreshing to see it flexed.

I hope that some heads of universities, CEO's and people running important journalism outfits are looking at this and feeling a deep sense of shame.

Re: Statement from Jerome Powell

#210
post #169

Earlier quoted context omitted.

He was rewarded with full control of every branch of government. What did we expect?

Through what mechanism is he controlling the other branches of government?

Congress: anyone falling out of line will lose his support in midterms.

Judiciary: appointments and ideological alignment with some of the Supreme Court. Thomas and Alito are fully controlled, Kavanaugh just loves a powerful executive, the rest aren't controlled but often in agreement.

Then there's his use of executive power to punish his adversaries, e.g. Perkins Coie.

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