The Empire Strikes Out! Empire State Conditions Declines To -24.6 For March As PPI Final Demand Cools To 4.6% As Fed Cools Rates

Confounded Interest ^ | 03/15/2023 | Anthony B. Sanders

[Kaiser8408a]

The Federal Reserve and Biden Administration are like one massive gaffe machine. And with it, the Empire State manufacturing outlook plunged to -24.6.

An inflation measure, PPI Final Demand YoY declined to 4.6%.

While the Dow is down -1.36% today, European stocks are down -3 to -5%.

Janet “Too low for too long” Yellen before she was made US Treasury Secretary.

[Kaiser8408a]

Biden and Yellen, the economic terminators!!!

[ConservativeInPA]

Biden and Yellen, the economic terminators!!!

Don’t forget Powell. He’s an incompetent moron as well. Either that and/or Powell is a pussy. Consider that no one in the Biden administration and no one from the Fed has once talked about a comprehensive approach to fixing the economy. We are in need of a major realignment of fiscal, monetary, regulatory, and tax policy. The Fed is constrained to raising or lowering interest rates and printing money. By the way, they are back to quantitative easing to pay for bank bailouts. But even though the Fed is constrained policy wise, it doesn’t mean they are constrained in speech. All they do is use their limited tools to react, after the fact, to piss poor policies from the government. On the other hand, the Biden administration is blind as to the cause of economic woes. They think the Fed alone can fix the problem and have expressed confidence in the Fed doing so.

The Fed and the government need to man up, speak up and coordinate massive policy changes. I have no idea why Powell doesn’t speak up.

🚨🚨🚨 News Alert 🚨🚨🚨: until government spending and regulations are fixed America will be in a cycle of inflation, vacillating interest rates, recession and unemployment. We are at the beginning of this mess, not the end.