This is not a question of whether the Fed's being Mr. Niceguy or not, it's the fact that the Fed doesn't hire and raise wages but rather it's American people with money who do. Right now the left is in control and at war with Americans with money.
The Fed lie to themselves with Fuzzy Numbers
https://www.youtube.com/watch?v=kpNt2JdCcFA
--and a lovely beautiful Monday-New-Month to all! Futures see stocks off a bit (-0.13%) and metals off a bit more (-0.48). Reports galore:
8:30 AM Personal Income
8:30 AM Personal Spending
8:30 AM PCE Prices - Core
10:00 AM ISM Index
10:00 AM Construction Spending
5:00 PM Auto Sales
5:00 PM Truck Sales
--and elsewhere in the news....
The Fed knows the Klown’s regime is lying about the economy. If the regime weren’t cooking the books the last 7 years would be clearly a Depression. The only “growth” in the economy has been feral gummint fueled with $trillions hocus pocused out of thin air.
The government is addicted to fiat money printing. In reality, it gains far more money to spend by directly and indirectly creating near-infinite levels of public and private debt than by printing Federal Reserve *Notes* (also debt instruments).
The problems with this are manifold. The one that is more important than any other is how it slowly destroys our liberty. This is because of two factors:
The simple factor is that as the amounts of interest required to service the debt balloons, government must ensure that no person who has anything to tax can escape its enforcement activities. Worse, we are enslaving our yet unaborted children into debt slavery.
The more pressing factor is that the first limit on government used to be the limits on money it could spend. There was only so much money in the till at any one time to spend on staff members, and people to investigate and enforce federal laws. There were only so many bureaucrats who could be put to work to devise new regulations (each having the effect of law). And so on.
But when government gives itself the power to create near-infinite amounts of money, it can use that money to buy near-infinite levels of bureaucracy. This is how the bureaucracy can dream up new rules and then send forth an army of auditors and enforcers. This is how government can even entertain staging showcase displays of power like the SWAT raid of Gibson Guitar over the legality of how imported wood was harvested and processed. This is how government thinks it is necessary to throw someone in jail (at over $26k/year) over the crime of importing seafood in Styrofoam where the law requires cardboard.
For the sake of our own liberty and the liberty of our yet unaborted grandchildren we must stop the federal government from creating more money than we are willing to pay in taxes. For that reason, when the states call an Article V convention to consider amendments to the Constitution, the first order of business is to revoke government’s self-authority to create near-infinite money.
In a healthy economy, a more or less steady drop in the unemployment rate -- as has occurred in the United States -- would translate into rising wages and higher prices.
For one thing, this demonstrates that the drop in the unemployment rate is illusionary at worst, and irrelevant at best. The unemployment rate is computed based on the size of the U.S. work force ... and with work force participation at low levels not seen in decades, a metric like the calculated unemployment rate is of limited value.
More importantly, this also explains why wages have been stagnant for so long. Historically, wages rise when employers have to compete for a limited supply of labor. But this is not the case in the U.S. right now, and it may not be the case for a long time (if ever). With such a low labor participation rate, U.S. workers aren't just competing with other workers. They are also forced to compete with non-existent workers who are outside the work force right now. If wages increase, labor participation will increase as well ... which will only suppress wages in short time.
Because the government still wants to use our money for free?
Wait 3 weeks and that 2.3% will be downgraded just like they do every quarter. Look for .50 or something.
There is also the calculated risk that making money with interest rates is a throwback to the days when someone other than the Federal Reserve Printed Currency.... Imagine the government making even more money without raising taxes or the threat during a presidential election cycle.
What?
The New York Times is part of the status quo cabal who are constantly telling everyone the economy is doing GRRReat!
Of course now it suits their status quo cabalism to say, keep on printing/borrowing money!
IOW the Fed has been co-opted into another fascist tool. A powerful one.
The really insidious thing about this is like what happens following most all the left’s social and economic tinkering.
Conservatives take over and try to move the economy toward better health but in doing so the patient (economy) actually seems to falter even worse. There is most always a lag time between policy enactments and when benefits can be felt.
So...Liberals generally goose the economy via unhealthy stimuli and garner media praise for the faux benefits. Conservatives then usually implement the castor oils of economic fixes and are blamed (by the same media) for their efforts to right the economic ship.