Here is Why the The FED is a Joke

[Toddsterpatriot]

“Audit the Fed” is not about auditing the Fed | Brookings Institution

and should be audited. As always, they have the cart ahead of the horse. While I do believe that the country will be in better shape at end of the year compared to the beginning, they should wait and respond accordingly once the data, not 'hope' improves. Kudos to the reporter that put Yellen on the spot

-Geaux
====================

Startled Reporter Asks Why Yellen Hiked With GDP And Real Wages Sliding: Here Is The Response

Today's FOMC press conference was the standard affair. Reporters ask broad questions, Yellen responds with even broader comments that amble aimlessly leaving no one any wiser as to The Fed's true intent. That is, until Bloomberg TV's Kathleen Hays decided enough was enough, and wanted to get to the bottom of just why a "data-dependent" Fed is hiking in a world in which economic data is rapidly deteriorating.

Startled Reporter Asks Why Yellen Hiked With GDP And Real Wages Sliding: Here Is The Response | Zero Hedge

and should be audited.

They're audited. Every year. You can find the audits online.

A deep dive into the 'sausage making' on how monetary decision happens. Its clearly not on what they say it is

-Geaux

Corporate audits don't include info on sales and marketing decisions, just the numbers.

 

[Mikeoxenormous]

and should be audited. As always, they have the cart ahead of the horse. While I do believe that the country will be in better shape at end of the year compared to the beginning, they should wait and respond accordingly once the data, not 'hope' improves. Kudos to the reporter that put Yellen on the spot

-Geaux
====================

Startled Reporter Asks Why Yellen Hiked With GDP And Real Wages Sliding: Here Is The Response

Today's FOMC press conference was the standard affair. Reporters ask broad questions, Yellen responds with even broader comments that amble aimlessly leaving no one any wiser as to The Fed's true intent. That is, until Bloomberg TV's Kathleen Hays decided enough was enough, and wanted to get to the bottom of just why a "data-dependent" Fed is hiking in a world in which economic data is rapidly deteriorating.

Startled Reporter Asks Why Yellen Hiked With GDP And Real Wages Sliding: Here Is The Response | Zero Hedge

The Fed is the central bank, for banks, and is not part of the Federal Government. Why was it okay for the FED under Obama to inflate the dollar by 4 trillion dollars with its Quantitative Easing, keeping interest rates at 0% so liberal companies like Apple and Berkshire Hathaway could borrow billions of dollars, then inflate their stock price, making UBER RICH returns but say there was no inflation? THis was to make Obummer look good, but real economist know it was all FAUX money..Now when a Republican is back in office, the bitch Janet Yellow, must make him look bad, by raising rates, putting brakes on the economy. Cant have a Republican look good, for then the Dumbocrats would never get back in power.

 

[Geaux4it]

“Audit the Fed” is not about auditing the Fed | Brookings Institution

and should be audited. As always, they have the cart ahead of the horse. While I do believe that the country will be in better shape at end of the year compared to the beginning, they should wait and respond accordingly once the data, not 'hope' improves. Kudos to the reporter that put Yellen on the spot

-Geaux
====================

Startled Reporter Asks Why Yellen Hiked With GDP And Real Wages Sliding: Here Is The Response

Today's FOMC press conference was the standard affair. Reporters ask broad questions, Yellen responds with even broader comments that amble aimlessly leaving no one any wiser as to The Fed's true intent. That is, until Bloomberg TV's Kathleen Hays decided enough was enough, and wanted to get to the bottom of just why a "data-dependent" Fed is hiking in a world in which economic data is rapidly deteriorating.

Startled Reporter Asks Why Yellen Hiked With GDP And Real Wages Sliding: Here Is The Response | Zero Hedge

and should be audited.

They're audited. Every year. You can find the audits online.

A deep dive into the 'sausage making' on how monetary decision happens. Its clearly not on what they say it is

-Geaux

Corporate audits don't include info on sales and marketing decisions, just the numbers.

The Federal Reserve is not a corporation

-Geaux

 

[Toddsterpatriot]

“Audit the Fed” is not about auditing the Fed | Brookings Institution

and should be audited. As always, they have the cart ahead of the horse. While I do believe that the country will be in better shape at end of the year compared to the beginning, they should wait and respond accordingly once the data, not 'hope' improves. Kudos to the reporter that put Yellen on the spot

-Geaux
====================

Startled Reporter Asks Why Yellen Hiked With GDP And Real Wages Sliding: Here Is The Response

Today's FOMC press conference was the standard affair. Reporters ask broad questions, Yellen responds with even broader comments that amble aimlessly leaving no one any wiser as to The Fed's true intent. That is, until Bloomberg TV's Kathleen Hays decided enough was enough, and wanted to get to the bottom of just why a "data-dependent" Fed is hiking in a world in which economic data is rapidly deteriorating.

Startled Reporter Asks Why Yellen Hiked With GDP And Real Wages Sliding: Here Is The Response | Zero Hedge

and should be audited.

They're audited. Every year. You can find the audits online.

A deep dive into the 'sausage making' on how monetary decision happens. Its clearly not on what they say it is

-Geaux

Corporate audits don't include info on sales and marketing decisions, just the numbers.

The Federal Reserve is not a corporation

-Geaux

And your "audit" is not an audit.

They release the minutes of their meetings.
What info about their decisions is unavailable in the minutes?

 

[Geaux4it]

“Audit the Fed” is not about auditing the Fed | Brookings Institution

and should be audited. As always, they have the cart ahead of the horse. While I do believe that the country will be in better shape at end of the year compared to the beginning, they should wait and respond accordingly once the data, not 'hope' improves. Kudos to the reporter that put Yellen on the spot

-Geaux
====================

Startled Reporter Asks Why Yellen Hiked With GDP And Real Wages Sliding: Here Is The Response

Today's FOMC press conference was the standard affair. Reporters ask broad questions, Yellen responds with even broader comments that amble aimlessly leaving no one any wiser as to The Fed's true intent. That is, until Bloomberg TV's Kathleen Hays decided enough was enough, and wanted to get to the bottom of just why a "data-dependent" Fed is hiking in a world in which economic data is rapidly deteriorating.

Startled Reporter Asks Why Yellen Hiked With GDP And Real Wages Sliding: Here Is The Response | Zero Hedge

and should be audited.

They're audited. Every year. You can find the audits online.

A deep dive into the 'sausage making' on how monetary decision happens. Its clearly not on what they say it is

-Geaux

Corporate audits don't include info on sales and marketing decisions, just the numbers.

The Federal Reserve is not a corporation

-Geaux

And your "audit" is not an audit.

They release the minutes of their meetings.
What info about their decisions is unavailable in the minutes?

I already answered that

-Geaux

 

[gipper]

*****WHY DEFICITS STOPPED MATTERING***** | Market Skeptics

Great column. Must read!!!

Corruption is rampant, but don't expect our corrupt government and MSM to fix or inform.

 

[Geaux4it]

Since there is no oversight, what are the FED's operating cost?

-Geaux

 

[Toddsterpatriot]

“Audit the Fed” is not about auditing the Fed | Brookings Institution

and should be audited.

They're audited. Every year. You can find the audits online.

A deep dive into the 'sausage making' on how monetary decision happens. Its clearly not on what they say it is

-Geaux

Corporate audits don't include info on sales and marketing decisions, just the numbers.

The Federal Reserve is not a corporation

-Geaux

And your "audit" is not an audit.

They release the minutes of their meetings.
What info about their decisions is unavailable in the minutes?

I already answered that

-Geaux

Its clearly not on what they say it is

Based on.......?

 

[Geaux4it]

I'm out. Have to cut up some more firewood for next winter

-Geaux

 

[Toddsterpatriot]

Since there is no oversight, what are the FED's operating cost?

-Geaux

https://www.federalreserve.gov/monetarypolicy/files/BSTcombinedfinstmt2009.pdf

 

[Votto]

and should be audited. As always, they have the cart ahead of the horse. While I do believe that the country will be in better shape at end of the year compared to the beginning, they should wait and respond accordingly once the data, not 'hope' improves. Kudos to the reporter that put Yellen on the spot

-Geaux
====================

Startled Reporter Asks Why Yellen Hiked With GDP And Real Wages Sliding: Here Is The Response

Today's FOMC press conference was the standard affair. Reporters ask broad questions, Yellen responds with even broader comments that amble aimlessly leaving no one any wiser as to The Fed's true intent. That is, until Bloomberg TV's Kathleen Hays decided enough was enough, and wanted to get to the bottom of just why a "data-dependent" Fed is hiking in a world in which economic data is rapidly deteriorating.

Startled Reporter Asks Why Yellen Hiked With GDP And Real Wages Sliding: Here Is The Response | Zero Hedge

The Fed is the central bank, for banks, and is not part of the Federal Government. Why was it okay for the FED under Obama to inflate the dollar by 4 trillion dollars with its Quantitative Easing, keeping interest rates at 0% so liberal companies like Apple and Berkshire Hathaway could borrow billions of dollars, then inflate their stock price, making UBER RICH returns but say there was no inflation? THis was to make Obummer look good, but real economist know it was all FAUX money..Now when a Republican is back in office, the bitch Janet Yellow, must make him look bad, by raising rates, putting brakes on the economy. Cant have a Republican look good, for then the Dumbocrats would never get back in power.

Cuz Obama was too black to fail.

Incidentally, Trump is too orange to succeed.

 

[Geaux4it]

“Audit the Fed” is not about auditing the Fed | Brookings Institution
A deep dive into the 'sausage making' on how monetary decision happens. Its clearly not on what they say it is

-Geaux

Corporate audits don't include info on sales and marketing decisions, just the numbers.

The Federal Reserve is not a corporation

-Geaux

And your "audit" is not an audit.

They release the minutes of their meetings.
What info about their decisions is unavailable in the minutes?

I already answered that

-Geaux

Its clearly not on what they say it is

Based on.......?

OK, one more time. Please review my comments in this thread.

It may answer some of the questions you are asking

They say one thing and do another

-Geaux

 

[Toddsterpatriot]

Corporate audits don't include info on sales and marketing decisions, just the numbers.

The Federal Reserve is not a corporation

-Geaux

And your "audit" is not an audit.

They release the minutes of their meetings.
What info about their decisions is unavailable in the minutes?

I already answered that

-Geaux

Its clearly not on what they say it is

Based on.......?

OK, one more time. Please review my comments in this thread.

It may answer some of the questions you are asking

They say one thing and do another

-Geaux

They say one thing and do another

Based on what? Give me a couple of examples.

 

[danielpalos]

and should be audited. As always, they have the cart ahead of the horse. While I do believe that the country will be in better shape at end of the year compared to the beginning, they should wait and respond accordingly once the data, not 'hope' improves. Kudos to the reporter that put Yellen on the spot

-Geaux
====================

Startled Reporter Asks Why Yellen Hiked With GDP And Real Wages Sliding: Here Is The Response

Today's FOMC press conference was the standard affair. Reporters ask broad questions, Yellen responds with even broader comments that amble aimlessly leaving no one any wiser as to The Fed's true intent. That is, until Bloomberg TV's Kathleen Hays decided enough was enough, and wanted to get to the bottom of just why a "data-dependent" Fed is hiking in a world in which economic data is rapidly deteriorating.

Startled Reporter Asks Why Yellen Hiked With GDP And Real Wages Sliding: Here Is The Response | Zero Hedge

the drug war should be audited first.

 

[gipper]

and should be audited. As always, they have the cart ahead of the horse. While I do believe that the country will be in better shape at end of the year compared to the beginning, they should wait and respond accordingly once the data, not 'hope' improves. Kudos to the reporter that put Yellen on the spot

-Geaux
====================

Startled Reporter Asks Why Yellen Hiked With GDP And Real Wages Sliding: Here Is The Response

Today's FOMC press conference was the standard affair. Reporters ask broad questions, Yellen responds with even broader comments that amble aimlessly leaving no one any wiser as to The Fed's true intent. That is, until Bloomberg TV's Kathleen Hays decided enough was enough, and wanted to get to the bottom of just why a "data-dependent" Fed is hiking in a world in which economic data is rapidly deteriorating.

Startled Reporter Asks Why Yellen Hiked With GDP And Real Wages Sliding: Here Is The Response | Zero Hedge

the drug war should be audited first.

Like all wars, the drug war is designed to enrich and empower government. It does not need auditing, it needs terminating...but alas, I know that won't ever happen.

 

[danielpalos]

and should be audited. As always, they have the cart ahead of the horse. While I do believe that the country will be in better shape at end of the year compared to the beginning, they should wait and respond accordingly once the data, not 'hope' improves. Kudos to the reporter that put Yellen on the spot

-Geaux
====================

Startled Reporter Asks Why Yellen Hiked With GDP And Real Wages Sliding: Here Is The Response

Today's FOMC press conference was the standard affair. Reporters ask broad questions, Yellen responds with even broader comments that amble aimlessly leaving no one any wiser as to The Fed's true intent. That is, until Bloomberg TV's Kathleen Hays decided enough was enough, and wanted to get to the bottom of just why a "data-dependent" Fed is hiking in a world in which economic data is rapidly deteriorating.

Startled Reporter Asks Why Yellen Hiked With GDP And Real Wages Sliding: Here Is The Response | Zero Hedge

the drug war should be audited first.

Like all wars, the drug war is designed to enrich and empower government. It does not need auditing, it needs terminating...but alas, I know that won't ever happen.

Audit the Drug War, not the Fed!

 

[bendog]

The gripe is the fed is acting on forecasts and not past events. And of course, the implication is that the Fed has it in for Trump. Of course the Fed has acted on forecasts for decades and has never had it in for one or another president. Aside,Greenspan's threats of hikes on budget deficits may have doomed Poppy, and he may have failed to act over W's deficits, but their effect was inflating a bubble in real estate rather than inflation.

 

[danielpalos]

The fed is a "profit center" not a cost center, like our wars on crime, drugs, poverty, and terror.

 

[bendog]

The fed is a "profit center" not a cost center, like our wars on crime, drugs, poverty, and terror.

The Fed makes profit?

 

[Toddsterpatriot]

The fed is a "profit center" not a cost center, like our wars on crime, drugs, poverty, and terror.

The Fed makes profit?

About a $100 billion a year, lately.