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Statement from Federal Reserve Chair

federalreserve.gov

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Re: Statement from Federal Reserve Chair

#11

Post by CyanLite2 »

robinsoncrusue wrote: post #4

While this entire spectacle is just nauseating, I am not going to shed a tear for Jerome Powell. This is a man that headed one of the most incompetent bunch in my lifetime. I remember the whole 2020/1 euphoria where things were just supposed to be "transitory" according to multiple Fed minutes. Lo and behold, until it was not. They had to tighten FAST, lot of layoffs happened because of that. You could argue the soft…

Powell is only the chair, there's still 11 other goons on the board that votes to set policy.

Re: Statement from Federal Reserve Chair

#12

Post by aisengard »

gruez wrote: post #5
robinsoncrusue wrote: post #4

While this entire spectacle is just nauseating, I am not going to shed a tear for Jerome Powell. This is a man that headed one of the most incompetent bunch in my lifetime. I remember the whole 2020/1 euphoria where things were just supposed to be "transitory" according to multiple Fed minutes. Lo and behold, until it was not. They had to tighten FAST, lot of layoffs happened because of that. You could argue the soft…

>The official fed numbers for those are way off, you tell Americans spending >50% on their groceries compared to 2-3yrs ago the inflation is 4%. Or unemployment rates for that matter. All the numbers are garbage, nothing means anything anymore. Where are your numbers that disprove the fed's numbers?

Don't you know, this is a vibes-based economy now? Numbers are meaningless when compared to feelings.

Re: Statement from Federal Reserve Chair

#13

Post by rileymat2 »

CyanLite2 wrote: post #9
axus wrote: post #6

Powell won't be in control 4 months and 4 days from now. What is the benefit to Trump administration to taking control a few months earlier? Trump seems to be in a big hurry.

He's sending a message to the NEXT Fed Reserve Chair.

He does not need to send a message to the next chair, he will appoint an ally. He needs votes.

Re: Statement from Federal Reserve Chair

#14

Post by gruez »

spwa4 wrote: post #10
gruez wrote: post #7

Earlier quoted context omitted.

Revenge? Same with going after Comey even though he was out of government for the better part of a decade.

I thought Trump was of the opinion that "official acts", which is apparently anything anyone does while employed by the government, cannot result in criminal prosecutions. Or at least, that's what he claims for himself and ICE murderers.

Not sure about "ICE murderers", but Trump v. United States[1] only seems to cover presidents, and wikipedia even has a specific article for for it[2]

[1] https://en.wikipedia.org/wiki/Trump_v._United_States

[2] https://en.wikipedia.org/wiki/Presidential_immunity_in_the_U...

Re: Statement from Federal Reserve Chair

#15

Post by jghn »

gruez wrote: post #5
robinsoncrusue wrote: post #4

While this entire spectacle is just nauseating, I am not going to shed a tear for Jerome Powell. This is a man that headed one of the most incompetent bunch in my lifetime. I remember the whole 2020/1 euphoria where things were just supposed to be "transitory" according to multiple Fed minutes. Lo and behold, until it was not. They had to tighten FAST, lot of layoffs happened because of that. You could argue the soft…

>The official fed numbers for those are way off, you tell Americans spending >50% on their groceries compared to 2-3yrs ago the inflation is 4%. Or unemployment rates for that matter. All the numbers are garbage, nothing means anything anymore. Where are your numbers that disprove the fed's numbers?

It's what Fox News says, so it must be true

Re: Statement from Federal Reserve Chair

#16

Post by anjel »

rileymat2 wrote: post #13
CyanLite2 wrote: post #9

Earlier quoted context omitted.

He's sending a message to the NEXT Fed Reserve Chair.

He does not need to send a message to the next chair, he will appoint an ally. He needs votes.

More than voters, trump needs Wall Ttreet's vote, and they aren't having any of this.

Re: Statement from Federal Reserve Chair

#18

Post by spwa4 »

gruez wrote: post #14
spwa4 wrote: post #10

Earlier quoted context omitted.

I thought Trump was of the opinion that "official acts", which is apparently anything anyone does while employed by the government, cannot result in criminal prosecutions. Or at least, that's what he claims for himself and ICE murderers.

Not sure about "ICE murderers", but Trump v. United States[1] only seems to cover presidents, and wikipedia even has a specific article for for it[2] [1] https://en.wikipedia.org/wiki/Trump_v._United_States [2] https://en.wikipedia.org/wiki/Presidential_immunity_in_the_U...

You saw JD Vance's press conference? A Yale educated lawyer, because that's what this asshole is, saying a federal agent has full immunity in the context of being investigated for murder.

I wonder what his opinion would be on what happens if a Federal agent shot Trump. But let's not pretend the current administration believes one word they're saying.

Re: Statement from Federal Reserve Chair

#19

Post by frenchtoast8 »

gruez wrote: post #5
robinsoncrusue wrote: post #4

While this entire spectacle is just nauseating, I am not going to shed a tear for Jerome Powell. This is a man that headed one of the most incompetent bunch in my lifetime. I remember the whole 2020/1 euphoria where things were just supposed to be "transitory" according to multiple Fed minutes. Lo and behold, until it was not. They had to tighten FAST, lot of layoffs happened because of that. You could argue the soft…

>The official fed numbers for those are way off, you tell Americans spending >50% on their groceries compared to 2-3yrs ago the inflation is 4%. Or unemployment rates for that matter. All the numbers are garbage, nothing means anything anymore. Where are your numbers that disprove the fed's numbers?

Not the person you're replying to, but I wonder what the true unemployment rate is when you exclude people who are doing gig work temporarily after they have been laid off from their career job.

Re: Statement from Federal Reserve Chair

#20

Post by frenchtoast8 »

jghn wrote: post #15
gruez wrote: post #5

Earlier quoted context omitted.

>The official fed numbers for those are way off, you tell Americans spending >50% on their groceries compared to 2-3yrs ago the inflation is 4%. Or unemployment rates for that matter. All the numbers are garbage, nothing means anything anymore. Where are your numbers that disprove the fed's numbers?

It's what Fox News says, so it must be true

Is Fox News actually saying that inflation and unemployment is higher? I thought the Trump Administration is claiming the opposite?
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