Ludicrous Speed is too slow. Crank it up to Zimbabwe Speed.
This goes against what every Fed Chairman that did in the past to curve inflation.
This means prices will go up, and Americans standard of living will go down.
Whatever he says is a careful calculation with only one goal in mind...”Get Trump!”
Ludicrous Speed is too slow. Crank it up to Zimbabwe Speed.
Don’t fix something that isn’t broken. We haven’t had an inflation problem since 1981. I would reject this policy and replace the Chairman if I were President.
Long ago I read an article that said when you see “Federal Reserve” substitute the phrase “banking cartel” and everything they do will make much more sense.
BAD MOVE.
We already have inflation. It is being hidden and lied about. Just like laws against price gouging. A sham as well. Both inflation and price gouging are alive and well.
Powell is making a political move to blunt the stock market and then the economy.
Food prices in Seattle have nearly doubled.
The Fed needs to go period.
already a done deal and not the fed’s choice. the events of this year made this a forgone conclusion. the fed wishes to not look irrelevant or powerless. inflation is coming regardless.
We are linked, like it or not, with the other fiat’s of the world. When we devalue they will as well. Hell, they already are. The 30 yr bonds went negative... no one buys them anymore. Kind of seems like we are the Romans trimming gold and silver off of their coins resulting in cutting off some of Caesar’s nose trying to save his face. jmho.
Let’s see what happens when Walmart and Amazon go down. Let’s see what happens when refusal to pay property taxes occur. Let’s see what happens to the brainwashing inclusion tuitions skyrocket
Inflation is already going up.