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Statement from Jerome Powell

federalreserve.gov

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Re: Statement from Jerome Powell

#371

Post by datsci_est_2015 »

gruez wrote: post #284
_DeadFred_ wrote: post #213

Earlier quoted context omitted.

FOX News is workshopping/normalizing the murder of undesirables. Is FOX speaking to/for a small minority? https://www.youtube.com/watch?v=phYOrM3SNV8

[flagged]

This response is funny to me, because there’s been a massive drop in rightwing violence in the US since Trump was elected… but that’s because state-sponsored violence isn’t counted towards the statistics.

Pretty funny how there aren’t any more Proud Boy marches, yeah? Couldn’t be that they’re all getting paid six figure salaries to round up brown people at Kavanaugh stops…

But yes. Most left wing thought leaders count state-sponsored violence as political violence, and that often includes the death penalty.

Re: Statement from Jerome Powell

#373

Post by dd8601fn »

gruez wrote: post #207
davidw wrote: post #196

Earlier quoted context omitted.

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?

I think that's the point. None could name a crime, and that didn't matter.

Meanwhile, 34 actual felony convictions, court finding misuse of millions in charity funds, an attempted coup, being found liable for sexual assault, SCOTUS having to formally place the president above the law to avoid prosecution... none of it even moved the needle for those same folks.

None of it is about law and order.

Re: Statement from Jerome Powell

#374

Post by cal_dent »

skissane wrote: post #257
cal_dent wrote: post #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.

I think the real test will be, not whatever this administration does, but how much of that survives into the next one - how much is the new normal versus how much is a temporary aberration. That’s true even if the next administration is Republican (Vance or whoever), but especially true if the next administration ends up being Democratic instead-which while not certain, has decent odds-the more Trump defies norms, th…

One thing I think is sometimes forgotten about shifting the overton window is that it sort of doesnt matter what political leaning has their hands on the lever. When it serves a purpose, which is not always a public first purpose, people in power will leverage any lever possible. Shifts in the overton window, just add more levers and it comes down to benevolence or luck that those levers aren't used incorrectly

Re: Statement from Jerome Powell

#375

Post by JeremyNT »

mmooss wrote: post #217
cal_dent wrote: post #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.

> I fear this is all going one way That belief isn't the consequence of the situation, but the cause. There is ample ability to change events, but people must believe they can act and act together, as they have for centuries of democracy and for all human history. They do it in Iran. The Republicans and MAGA movement have made changes that would have been unbelievable ten years ago.

> There is ample ability to change events, but people must believe they can act and act together, as they have for centuries of democracy and for all human history.

This is the political will of a plurality of American voters. They certainly can't claim they didn't know what they would get, and they seem unconcerned by any of these actions that many of us find terrifying.

It is difficult to see how we can democracy our way out of this situation.

Re: Statement from Jerome Powell

#376

Post by estearum »

cosmicgadget wrote: post #353
estearum wrote: post #311

Earlier quoted context omitted.

Lower inflation and higher growth than every peer nation? The Fed absolutely crushed it. Totally unambiguous.

Here are some ambiguous things: 1. Inflation 2. Comparing peer economies 3. Counterfactual timelines

What country did better (other than the imaginary retconned one in your head), so we can discuss the comparison directly?

Re: Statement from Jerome Powell

#377

Post by dredmorbius »

cal_dent wrote: post #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.

Curtis's HyperNormalisation, a BBC documentary, for those unfamiliar:

https://en.wikipedia.org/wiki/HyperNormalisation>

Video, at BBC Online: https://www.bbc.co.uk/programmes/p04b183c>

Re: Statement from Jerome Powell

#378

Post by __loam »

luxuryballs wrote: post #270
laidoffamazon wrote: post #94

I’m aghast but numb to this now. The biggest question for me now is how the usual defenders of this lawless administration will try to defend this or both sides it.

The defense is that the status quo has become archaic and self-serving instead of serving the public so the current operations people doing some house cleaning and tossing a few rooms to see what’s going on in there is overdue, changes need to happen and power structures need to be shaken out a bit to make sure they are not getting in the way of the people they were created to act on behalf of, and scatter the ones w…

It's a funny defense coming from the most corrupt administration since Nixon

Re: Statement from Jerome Powell

#379

Post by refurb »

jacquesm wrote: post #349
refurb wrote: post #316

[flagged]

> I don’t get it. Then you should have probably left it at that. Criminal investigations in this administration are just a means of pressure and harassment, they have zero bearing on any suspicion of criminal activity. I predict that within a few days Powell will be the recipient of death threats. That's the second part of the pattern.

[flagged]

Re: Statement from Jerome Powell

#380

Post by lovich »

cman1444 wrote: post #295
jgalt212 wrote: post #243

Earlier quoted context omitted.

I dislike that the Fed operates as if the happiness of the investor class is their number one priority.

Of the dual mandate, which would you say prioritizes the investor class, and how would you approach it differently?

You asked about which piece "of the dual mandate", but the OP said "operates as" which I am going to reply to.

Does the Fed can any data from labor sources or unions? I am asking in honest because the few reports from them that I have looked into(mostly around unemployment) all seem to be polls solely sourced from investor class assets like companies.

If they are only sourcing from one biased source for their data, they wouldn't have to have a bad mandate or manipulate it, to operate like it was for the benefit of the data source, right?

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