[lasereye]

Powell surprised Wall Street when he left interest rates unchanged in July. It was widely expected that he would cut the discount rate at that time. This month he finally did cut it.

[reasonisfaith]

https://www.youtube.com/watch?v=cCEwUFtjAr4&list=RDcCEwUFtjAr4&start_radio=1

[Avalon Memories]

Tell me again why we even need a Federal Reserve? Maybe someone more financially savvy than I can provide a solid, positive reason for its existence.

[drypowder]

Time for Powell to go? How about time for the Federal Reserve to go?

[RummyChick]

the market doesnt like whatever he just said

[Howie66]

It’s time for the FED to go. Not just that crook, Powell.

[PGR88]

The Federal Reserve is the biggest soviet-style central planning agency that exists. We don’t except soviet central planning for wheat, tractors, shoes, computers - why do we accept it for the most basic commodity of all - money?

Of course it is political. Has been for many decades, certainly since Nixon went off the gold standard.

[Forgiven_Sinner]

The Fed shouldn’t be independent of the executive branch at all. By loaning money to banks, the create more money than the mint. The executive is responsible for all coinage, thus all money creation.

[Georgia Girl 2]

I think Powell is out in January.