“This recalibration of our policy stance will help maintain the strength of the economy and the labor market, and will continue to enable further progress on inflation as we begin the process of moving forward a more neutral stance,”
Recalibration shall be the new buzz word.
reply
Its a good word... it sounds technical and therefore scary enough for most people to ignore. But not so clear that it exposes the truth to the average joe.
reply
The Fed is actually better at crafting their language than they are at monetary policy. Haha.
reply
Spot on. More effort is spent on carefully choosing each word of a release.
reply
They probably employ many linguists and literary theorists to pursue maximum employment for humanities graduates.
reply
The unspoken third mandate
reply
A more neutral stance in the future
So they admit they are partisans lol
reply
And it of course means nothing, unless the definition is "artificially juice the markets before the election."
reply
One to the most interesting things I've heard over the years from listening to the No Agenda podcast is how often people give a laugh tell when discussing some government thing. Usually a gov shill talking and laughs at an odd time. Sometimes its someone like Bill Gates though. But usually it is about something I think they are lying about.
reply
Kamala and Hillary are probably the best known for bizarrely timed laughing.
reply
Both have terrible cackle
reply
This is Powell at his best. He chooses words which tells how clueless fed is. It's now confirm that fed know nothing about economy and in most instances, they are gonna do what politics demand from them.
reply
Oh, I think I'm listening to a communist leader 🤣🤣
reply
Strengthen the economy with inflation?
reply
43 sats \ 0 replies \ @TomK 19 Sep
Modern feudalism needs a popcorn eating, beer drinking ,TV-addicted and uninforned herd to survive. Personally I could switch to vine any day
reply