Powell: Federal Reserve on track to cut rates this year with inflation slowing and economy healthy

[CowboyTed]

“Inflation slowing” means it is still shooting to the fucking moon, but at a slightly slower pace.

Wages have been beating Inflation for 10 months straight...

I know there is a lot of MAGA here that are really disappointed that US economy is doing very well.. This means the MAGA is wrong on economics, Biden is hammering Trump numbers at the moment while reducing the deficit...

 

[jotathought]

Inflation is slowing and the economy healthy with interest rate cuts coming this year.

Inflation rates are slowing .. the compounded damage is already done. Powell recently announced that rate cuts were on pause for the time being.

 

[CowboyTed]

As an aside, Trump recently said that he'd get rid of Powell.

Biden's Fed appointees, collectively speaking, are in defense mode. And Powell himself is trying to keep his job. Of course, they're gonna run interference for the incumbent administration with temporary antics like this.

The Fed is going to do everything in its power create the illusion in the eyes of low info voters to keep the incumbent administration intact.

It's politics 101.

Duh.

But you can't hide how much a loaf of bread or a dozen eggs cost. Or a gallon of fuel. Not even if you try to be a weasel about it and blame the stores. Average Americans trying to make ends meet live in the real world. They are quite aware of the sad state of their purchasing power.

So are you trying to say Trump had higher growth than Biden?

Wages have been beating inflation...

Even Trump is trying to take credit for the Biden Economy in the most insane way..

But go on ahead... Campaign on the Economy... GOP/MAGA has stopped focusiing on the economy cause they know they are going to loose on that...

So the moved to Immigration but Biden is cutting them off there... There is a bill in the house that Trump is blocking, Trump and MAGA are the ones who are stopping Biden from helping America... Biden even doubled down and said he would close the border in the full knowledge that Trump can't give Biden a win, so Biden is stealing his lunch...

GOP will now have to find another topic, they have a problem, they are either on the unpopular side of an issue (e.g. abortion, democracy,...), loosing an issue (economy, healthcare,...) OR is insignificant (e.g. CRT,...). They have only got outrage TV left...

 

[CowboyTed]

Inflation rates are slowing .. the compounded damage is already done. Powell recently announced that rate cuts were on pause for the time being.

Why cut rates?

Economics 101, if the economy is booming don't overheat it with rate cuts...

GOP claim to know something about economics until someone told them is is a social science... There are times when to inject money into the economy and times when to retract..

 

[Oddball]

As an aside, Trump recently said that he'd get rid of Powell.

Biden's Fed appointees, collectively speaking, are in defense mode. And Powell himself is trying to keep his job. Of course, they're gonna run interference for the incumbent administration with temporary antics like this.

The Fed is going to do everything in its power create the illusion in the eyes of low info voters to keep the incumbent administration intact.

It's politics 101.

Duh.

But you can't hide how much a loaf of bread or a dozen eggs cost. Or a gallon of fuel. Not even if you try to be a weasel about it and blame the stores. Average Americans trying to make ends meet live in the real world. They are quite aware of the sad state of their purchasing power.

I believe a guy was awarded the Nobel Prize in Econ for proving this very observation.

The long and the short of it was that the general public knows intuitively when the economy is shitty and when it's good...They don't need charts, graphs, chin stroking observations about yield curves and the like...They just know when things are good, and when they suck.

 

[John Edgar Slow Horses]

Inflation rates are slowing .. the compounded damage is already done. Powell recently announced that rate cuts were on pause for the time being.

Thank the Orange Perv for crashing the economy in 2020 because of his inability to manage Covid response.

 

[C_Clayton_Jones]

As I'd mentioned elsewhere around the board, historically speaking, the FED will pretty much always run interference for the incumbent administration by taking temporary ''relief'' measures.

Largely because they want to keep their jobs.

As such, any temporary actions taken by the Fed during an election year are almost always for the purpose of creating a temporary illusion of relief in mainstream programming for the benefit of the incumbent administraton and should be taken with a giant truckload of salt.

Do better, Jones...

Inflation is slowing and the economy healthy with interest rate cuts coming this year.

 

[Lord Long Rod]

Wages have been beating Inflation for 10 months straight...

I know there is a lot of MAGA here that are really disappointed that US economy is doing very well.. This means the MAGA is wrong on economics, Biden is hammering Trump numbers at the moment while reducing the deficit...

^idiot

 

[jotathought]

Thank the Orange Perv for crashing the economy in 2020 because of his inability to manage Covid response.

Democrats shut down the economy .. derp!

 

[jotathought]

Why cut rates?

Economics 101, if the economy is booming don't overheat it with rate cuts...

GOP claim to know something about economics until someone told them is is a social science... There are times when to inject money into the economy and times when to retract..

Thank you Paul Krugman for sharing what many of us know .. now the majority of the constituency know more about this weekend's Super Bowl than the economics 101 you've mentioned ... more about sports than the politics, government and the people they vote for ..

 

[bendog]

Democrats shut down the economy .. derp!

DeSantis says he disagreed with Trump's decision to shut down economy at start of pandemic

Florida Gov. Ron DeSantis (R) said Thursday that he disagreed with then-President Trump's decision to shut down the economy at the beginning of the COVID-19 pandemic.DeSantis appeared on conservative podcast "Ruthless," where he claimed that one of his biggest regrets in office is not speaking...

news.yahoo.com

 

[John Edgar Slow Horses]

Democrats shut down the economy .. derp!

Would not have had to if Trump had been a good manager. He was not, because he cannot control his feelings. So... he caused the shut down.

 

[bendog]

On March 16, the Trump administration announced guidelines for "15 days to slow the spread." It said, "Governors of states with evidence of community transmission should close schools in affected and surrounding areas." Guidelines also called for people to work from home "whenever possible," avoid restaurants except for takeout, and avoid discretionary travel and shopping.

Did Trump instruct governors to shut down amid COVID-19?

Former President Donald Trump has been attacking Gov. Ron DeSantis over the way he managed Florida’s COVID-19 pandemic r

www.politifact.com

 

[Natural Citizen]

So are you trying to say Trump had higher growth than Biden?

Wages have been beating inflation...

Even Trump is trying to take credit for the Biden Economy in the most insane way..

But go on ahead... Campaign on the Economy... GOP/MAGA has stopped focusiing on the economy cause they know they are going to loose on that...

So the moved to Immigration but Biden is cutting them off there... There is a bill in the house that Trump is blocking, Trump and MAGA are the ones who are stopping Biden from helping America... Biden even doubled down and said he would close the border in the full knowledge that Trump can't give Biden a win, so Biden is stealing his lunch...

GOP will now have to find another topic, they have a problem, they are either on the unpopular side of an issue (e.g. abortion, democracy,...), loosing an issue (economy, healthcare,...) OR is insignificant (e.g. CRT,...). They have only got outrage TV left...

I don't care about any of that red helmet/blue helmet Mickey Mousery. There's no value in it to me. It's just a bunch of low value white noise in my view.

Ultimately there's just not a nickel's worth of difference between them.

The effects of the failed monetary policy are a product of the strict adherence to it of both.

I'm just telling you that the Fed always runs interference for the incumbent administration during an election year by doing stuff like this temporarily.

Again, their jobs depend on doing what they can to run interference for the incumbent administration, no matter which logo is on the incumbent administration's helmet, whether it be red or blue. It's always about just kicking the can down the road a little further.

Lowering interest rates serves no good purpose. Artificially low interest rates are historically one of the main problems, in fact.

 

[Natural Citizen]

Inflation is slowing and the economy healthy with interest rate cuts coming this year.

Oh, you'll get your rate cuts. No doubt about that.

But not for the reasons that you're trying to sell.

And those rates will be just as artificial as they historically always are. The consequence in the charade will, of course, also remain the same as history accurately reflects.

 

[g5000]

Economy healthy? Roflmao

Your propagandists deliberately keep you in the dark, if not outright lie to you.

 

[Natural Citizen]

All they're really going to accomplish is to compound stagflation anyway. That's about as far as they'll lower them.

Like the stock market, it's all just one big purposeful distortion in a feeble attempt to disguise the reality of the situation that they themselves have created.

Maybe that can be something to Dave about later, if I feel like it.

 

[jotathought]

Would not have had to if Trump had been a good manager. He was not, because he cannot control his feelings. So... he caused the shut down.

How could Trump have been "a good manager" of virus that was originally identified from China with mixed messaging from WHO and other organizations on its outcome? Tell us John Edgar Slow Horses

 

[Natural Citizen]

I believe a guy was awarded the Nobel Prize in Econ for proving this very observation.

The long and the short of it was that the general public knows intuitively when the economy is shitty and when it's good...They don't need charts, graphs, chin stroking observations about yield curves and the like...They just know when things are good, and when they suck.

eeeyep...

 

[John Edgar Slow Horses]

How could Trump have been "a good manager" of virus that was originally identified from China with mixed messaging from WHO and other organizations on its outcome? Tell us John Edgar Slow Horses

He resisted the advice of his advisors who knew the problem far better than he did.

He fucked all of us.