What I don't understand is how the fed is still contemplating a rate cut when inflation is above the supposed target inflation rate and rising?
pull down to refresh
179 sats \ 3 replies \ @Undisciplined 27 Nov
They have to do what the president wants, if they want to stay independent.
reply
23 sats \ 0 replies \ @denlillaapan 27 Nov
nah nah nah.
Anyone still buys this? Like, Powell was NOT HAPPY about the Trump-y questions. He won't yield to shit
#758714
reply
27 sats \ 0 replies \ @jasonb 27 Nov
🤣
reply
32 sats \ 0 replies \ @siggy47 OP 27 Nov
That sums it up.
reply
86 sats \ 0 replies \ @Satosora 27 Nov
They want to inflate more and buy off their debt with worthless money.
reply
43 sats \ 0 replies \ @OriginalSize 27 Nov
Kashkari says a cut is still on the table which means it's 100% happening. You know what to do.
reply
43 sats \ 0 replies \ @denlillaapan 27 Nov
because it's not rising...? It's hovering slightly above 2:
And rule of thumb is that monetary policy NOW impacts the economy in ~6 to 12 months. So they're skating to where they think the puck will be.
Another reason: when inflation is so close their target, unemployment becomes psychologically and practically more important for them. Anticipations of recession gotta be counter with lower rates.
Welcome to discretionary monetary policy, basically.
reply
43 sats \ 0 replies \ @B_rian 27 Nov
I hate the fed system and hope it ends soon. But these decisions are forced by government deficit spending and the need to roll over our enormous national debt rather than any policy by the fed itself.
reply
43 sats \ 0 replies \ @Aardvark 27 Nov
This country is doomed. At least we're all holding the life raft.
reply