Posted on 08/05/2024 6:11:13 AM PDT by Oldeconomybuyer
Chicago Federal Reserve President Austan Goolsbee on Monday vowed that the central bank would react to signs of weakness in the economy and indicated that interest rates could be too restrictive now.
“The Fed’s job is very straightforward, maximize employment, stabilize prices and maintain financial stability. That’s what we’re going to do,” the central bank official said during an interview on CNBC’s “Squawk Box” program. “We’re forward-looking about it. So if the conditions collectively start coming in like that on the through line, there’s deterioration on any of those parts, we’re going to fix it.”
(Excerpt) Read more at cnbc.com ...
too late to save Kackling Kommie Kamala
“The Fed’s job is very straightforward,..”
.. - screw the American people.. and make us elites all richer in the process!..
Of course. Simply print a few trillion more dollars. All fixed.
Just remember - The FED can “fix” anything.
Foolsbee says so…
/-:
We will put patches over the trash and other patches and you will see just how solid al of your investments are.
It’s sort of like putting sod over a junk yard and calling it a golf course, just with more pitfalls and actual traps.
People need to relax. Kamalla is coming and she will fix everything.
You can’t beat basic economic fundamentals.
It’s amazing how the same obama era hacks keep showing up. /s
Sure, QE 3 or whatever, bail out the banks and corporations, flood market with dollars that get parked back into stocks resulting in phoney values, massive inflation, real estate gets a little bump, decline begins again, repeat...
Japan is really messed up. A crashing economy and a 0.25% interest rate. They have nowhere to go.
But they won't.
So in other words they’re going to “fix” an inflation-caused recession by bringing in even MORE inflation. Morons are leading us.
Yeah, they will fix things alright. Mandatory CBDC so they can make sure you spend your money wisely by tracking every purchase; and/or mandatory pooling of all 401Ks and savings accounts so monies can be distributed “fairly “.
I think, he is a big Democrat, so he knows how government can fix everything!?
When did this guy become a fed president? He’s a hack!!!!
too much reason to tremble
Jeez. All the government does is recycle these failures.
We’re fkd!
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