Posted on 03/09/2017 7:56:55 AM PST by MtnClimber
Trump might want to put a call in to Janet Yellen.
The Fed is supposed to be a neutral, independent entity. However, that myth went out the window when Bernanke “gifted” QE 3 to Obama in 2012 to aid with the latter’s re-election bid.
The Yellen Fed seems to be even more committed to defining the Fed as nothing more than a leftist establishment mechanism. Back in October when it still looked like Hillary Clinton would win the 2016 Presidential election, Yellen commented that she was considering letting the economy run “hot” meaning allowing inflation to rise without implementing additional rate hikes.
One month later, Donald Trump won the Presidency and Yellen announced she wanted to hike rates in December with three more additional hikes in 2017.
Now, 3Q16 growth was supposedly 3.5%. If that had been true, then Yes, the Fed should consider hiking.
However, since that time GDP growth has collapsed. 4Q16 growth came in at a measly 1.9%. And 1Q17 GDP growth has collapsed from a forecast of 3% in early February to 1.2% today!
And Yellen is still pushing to hike rates.
So, back in October, when the economy was supposedly growing at an annualized rate of 3.5% Yellen wanted to let the economy run “hot.” And now that the economy is growing 2% rate (and soon to be sub-1% rate based on projections) she wants to hike rates multiple times.
Let that sink in for a moment.
(Excerpt) Read more at zerohedge.com ...
Seems very clear that the left wants to undermine Trump at every turn. They don’t care if they harm the country to do it.
Response.... Yes, dirty deeds are in the Control-LEFT playbook.
It’s time to AUDIT the FEDS.
She works for the ‘Deep State’...
Very likely. October’s growth was in anticipation of Trump’s victory.
But any growth or expansion (in October at least) will be (would have been!) credited to Obola’s administration, then to Hillary’s victory!
Remember too, that a spike in unemployment as more people go back to the job market as jobs themselves increase) is almost certain to occur as the economy improves and real growth begins. Of course, just as today’s growth is ignored by Hillary’s ABCNNBCBS press corpse, that short spike in unemployment will be exaggerated by the same national press corpse.
Positive net interest rates allocate capital better.
Yellen will accidentally trigger a massive run toward productive business investment.
:-)
I concur.
Trump should at least start talking about auditing the Fed as a threat to get her to back-off.
I agree. The nonsense of QE has to end.
Article makes some good points. But it’s yet another commercial for http://phoenixcapitalmarketing.com/
I think DJT considers Ron Paul’s Fed recommendations, considering how nasty Ron has been to him. I’d like to think the several states have contingency plans for when the Fed decides to blow up the economy again.
Don’t threaten, just do it. The Fed needs some over sight.
Yellen serves her demonic worshiping globalist masters only. Dismantle the Fed and arrest the traitors.
Fire the ugly fat bitch today!!
Simple answer is yes
Ditto.
The simple answer is yes.
In the fwiw dept, Congress has the power to create superior and inferior courts, impeach judges and to revoke the Federal Reserves charter.
Just sayin
5.56mm
I forgot, and can eliminate said courts.
5.56mm
The last truly independent FRB was the Martin Fed, with the possible exception of Paul Volker.
Grandma Janet had her head so far up 0bama’s 0bama it isn’t funny. Nobody’s fooled.
As I predicted before the campaigns ramped up. The commies are so predictable.
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