Do you support Bills to audit the Fed, make it more transparent, and the FAIR Act? (Poll)

[Fort Fun Indiana]

The Fed rate should be based on a mathematical proof, not what the Pharisees say it is.

Obviously that's stupid and wrong.

 

[Toddsterpatriot]

Not a vote, but we all see the math. The Fed rate should be based on a mathematical proof, not what the Pharisees say it is.
Not the size of Greenspan's briefcase. (lots of papers meant cut, skinny briefcase meant no cut)

AOC couldn't do the math when she was stealing tips, she's going to do the math for the Fed?

 

[kyzr]

AOC couldn't do the math when she was stealing tips, she's going to do the math for the Fed?

AOC has nothing to do with it.

It about the Fed showing us their math models.

 

[Toddsterpatriot]

AOC has nothing to do with it.

It about the Fed showing us their math models.

What is a Fed math model?
What does that have to do with their audit by KPMG?

 

[kyzr]

What is a Fed math model?
What does that have to do with their audit by KPMG?

The Fed has 300 economists who work to predict what rates should be. They suck at their job.

FRB/US Project

The Federal Reserve Board of Governors in Washington DC.

www.federalreserve.gov

How Does the Fed Influence Interest Rates Using Its New Tools?

Post-financial crisis, interest on reserves became the primary tool for adjusting the fed funds rate. And the ON RRP rate is now a supplementary tool that acts as a 'floor.'

www.stlouisfed.org

The Greenspan model for interest rates refers to the monetary policies implemented by Alan Greenspan during his time as chair of the Federal Reserve, where he actively adjusted interest rates to stabilize the economy and prevent excessive stock market declines. This approach often involved lowering the federal funds rate to support economic growth and mitigate financial crises, which became known as the "Greenspan put."

You'd have to ask Rand Paul and Rick Scott why they don't trust the KPMG audits.

Sens. Rick Scott, Rand Paul Lead Effort to Audit the Fed Amid Powell’s Failures

www.rickscott.senate.gov

 

[Toddsterpatriot]

The Fed has 300 economists who work to predict what rates should be. They suck at their job.

FRB/US Project

The Federal Reserve Board of Governors in Washington DC.

www.federalreserve.gov

How Does the Fed Influence Interest Rates Using Its New Tools?

Post-financial crisis, interest on reserves became the primary tool for adjusting the fed funds rate. And the ON RRP rate is now a supplementary tool that acts as a 'floor.'

www.stlouisfed.org

The Greenspan model for interest rates refers to the monetary policies implemented by Alan Greenspan during his time as chair of the Federal Reserve, where he actively adjusted interest rates to stabilize the economy and prevent excessive stock market declines. This approach often involved lowering the federal funds rate to support economic growth and mitigate financial crises, which became known as the "Greenspan put."

You'd have to ask Rand Paul and Rick Scott why they don't trust the KPMG audits.

Sens. Rick Scott, Rand Paul Lead Effort to Audit the Fed Amid Powell’s Failures

www.rickscott.senate.gov

The Fed has 300 economists who work to predict what rates should be.

Do you mean "what rates will be"? Predicting "what rates should be" isn't a thing.

They suck at their job.

Could be.

You'd have to ask Rand Paul and Rick Scott why they don't trust the KPMG audits.

I'd rather ask them why they don't know about the audits.

 

[Fort Fun Indiana]

The Fed has 300 economists who work to predict what rates should be. They suck at their job.

They are of course excellent at their jobs and have maintained the most successful and stable econony in history.

 

[kyzr]

The Fed has 300 economists who work to predict what rates should be.

Do you mean "what rates will be"? Predicting "what rates should be" isn't a thing.

Actually I think those 300 number crunchers use math models to predict what action would be the optimum, what the best rate should be.
How the Board members actually vote may not reflect/support their recommended action, to cut, hold, or raise rates, i.e. what the actual rate will be.

 

[Toddsterpatriot]

Actually I think those 300 number crunchers use math models to predict what action would be the optimum, what the best rate should be.
How the Board members actually vote may not reflect/support their recommended action, to cut, hold, or raise rates, i.e. what the actual rate will be.

So what? Everyone has an opinion.

 

[Edgetho]

Another DEI hire being in a place she's not qualified to be in gets caught being a DEI hire

If the DISGUSTING FILTH covers this at all, it will be in a manner like the below.... Biased and with Weasel Words throughout. It's what they do

Fed governor urged by Trump to resign will not be ‘bullied’ into stepping down

Lisa Cook, first Black woman to sit on Fed board, responds after allegation by ally of president of mortgage fraud

www.theguardian.com

This morning, Bill Pulte, head of the US Federal Housing Finance Agency, who has become – beyond the president himself – one of the Trump administration’s most vocal critics of Powell and the Fed, published allegations against Cook.

In June 2021, Cook entered into a 15-year mortgage agreement on a property in Ann Arbor, Michigan, and declared her intention to use it as her principal residence, according to Pulte. In July 2021, Cook bought a property in Atlanta, Georgia, and also committed to use that property as her primary residence when taking out a 30-year mortgage, according to Pulte.

Pulte referred Cook to the justice department for a criminal investigation, and promptly called on her to resign.

“How can this woman be in charge of interest rates if she is allegedly lying to help her own interest rates?” he wrote on X, formerly Twitter.