Posted on 04/22/2022 9:20:02 AM PDT by Browns Ultra Fan
And what an unappetizing table it is!
Federal Reserve Chair Jerome Powell said he saw merit in the argument for front-loading interest-rate increases, including a half percentage-point hike next month.“
I would say that 50 basis points will be on the table for the May meeting,” Powell told an IMF-hosted panel on Thursday in Washington that he shared with European Central Bank
President Christine Lagarde and other officials. “We really are committed to using our tools to get 2% inflation back,” he said, referring to the Fed’s target for annual price increases.
Central bankers are grappling with some of the highest inflation rates since the 1980s that are being further pressured as Russia’s invasion of Ukraine boosts food and energy prices and China’s coronavirus lockdowns tangles supply chains anew.
Equity markets in the USA and Europe are getting “Powell’d” and “Lagarde’d” today. As of noon today, the Dow is down 628 points (or -1.81%). Euro Stoxx 50 is down -2.24%.
I remember appearing on Fox Business’ Stuart Varney and Company where he asked me what will happen when The Fed starts to raise rates in a serious fashion. I made a ka-boom gesture at which he laughed. Stuart, I wasn’t joking!
Foul Powell on the Prowl, driving up mortgage rates, and driving down equities and bonds.
(Excerpt) Read more at confoundedinterest.net ...
Powell is taking the heat for having to solve Biden’s disasters.
Don’t blame him. Look further up the food chain.
Stop printing money you morons!
Biden has made things worse, but the reality is the Fed has kept interest rates too low for almost 20 years now.
I thought 50 basis points was factored in the market?
I guess this men’s when they announce 50, it will soar.
All markets are screwed.
> Powell is taking the heat for having to solve Biden’s disasters. <
Correct! Called the Fed Chair “Foul Powell” is distracting nonsense. Biden caused this inflation with one stupid move after another. Powell is just trying to mitigate the damage Biden caused.
The Fed started us on this trip long ago. Biden is just putting things into overdrive.
Stop printing money you morons!
It’s too late.
If they stop now it crashes. If they do not raise interest rates it crashes. If they raise interest rates it crashes.
The day of reckoning is fast approaching and our nation will look much different on the other side.....
Here is a thought.....
Powell could end deficit spending in one move.
Stop creating money to “loan” the government.
Simple.
They could have raised the rate yesterday...and should have.
Soon it will be time to buy.
Uhhh, raising interest rates doesn’t cool off inflation. Not me who’s saying it! Milton Friedman is.
When the government stops spending money that it doesn’t have, and stops sending checks to the folks with money that it creates out of thin air, the RATE of inflation will go down. Prices will remain high compared to pre-biden, but that doesn’t matter. The media reports the RATE of inflation. The rate will go down, when the government stops inflating the currency supply.
When did he say that?
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