91 sats \ 5 replies \ @siggy47 16 Mar \ on: Fed: Are we on the verge of a rate hike? econ
Powell would be destroyed by the liberal press for hurting Biden's reelection chances. It would be fun to watch.
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76 sats \ 3 replies \ @Bell_curve 16 Mar
Which is why it won’t happen
The Federal Reserve is supposed to leave interest rates unchanged during an election year.
Powell created a loophole in December by saying we expect 6 rate reductions in 2024.
Until “inflation” hits 2 percent, Powell cannot lower rates.
He will only increase rates if he is feeling “suicidal”
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10 sats \ 2 replies \ @siggy47 16 Mar
I agree with half of what you said. No way he raises rates before the election. However, I can see him making the case that 2 1/2 or 2 3/4% inflation is close enough for a rate cut. The media will give him cover.
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97 sats \ 1 reply \ @Bell_curve 16 Mar
That’s true
The media is already questioning the 2 percent target.
https://time.com/6548908/inflation-target-federal-reserve-essay/
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0 sats \ 0 replies \ @TomK OP 16 Mar
Yep. Need to readjust now
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76 sats \ 0 replies \ @TomK OP 16 Mar
Perfect clown show... and we are watching this off distance.
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