We are near a breaking point of being over leveraged. Do they have a crystal ball to determine how long this petrodollar will last? How about Medicare Part A going broke and demanding all kinds of funny money to replenish the coffers around 2026? Also, Social Security is facing huge shortfalls around one to two years after that. Where is that “wealth” coming from? This is fine if you are projected to die comfortably in a debt fueled retirement scheme within 10 years, however, like a pyramid scheme, the new people get screwed not by their own hand but by selfish and greedy people who voted for the scheme/irresponsible spending/debt accrual long before the new ones were born.
As if saving have not been losing value fast enough. This will destroy them.
oh, how very nice of the Fed to finally tell some truth.
We need to get rid of this parasite.
Trump has a bachelor's degree in economics from the Wharton School of the University of Pennsylvania. What am I missing?
$16 Trillion in debt is not the time to inject more liquidity into the economy.
I am surprised nobody has mentioned the endless media criticism of Trump for questioning the Fed before now that he admits Trump was right.
Will watch for that correction in 3, 2, 1, never.
Comment from the Fed; DAMN!
He’s got four more years, they’ll have to have a come to
reality moment at some point.
Trump appears to have Powell by the short hairs. If he didn’t, his re-election would be in serious jeopardy.
Moonman62 was right, too.
The key to controlling inflation is economic productivity. Fed policy should be neutral.
One good thing about the China virus is that it ended the Fed’s latest war on the economy.