Squaw on Warpath
Posted on 09/21/2022 1:15:17 PM PDT by BenLurkin
"I’ve been warning that Chair Powell’s Fed would throw millions of Americans out of work — and I fear he’s already on the path to doing so,” Warren, a member of the Senate Committee on Finance, wrote on Twitter following Federal Reserve Chair Jerome Powell’s announcement regarding the benchmark interest rate hike.
Earlier Wednesday, Powell said he would boost the rate by 75 basis points for the third consecutive month as part of an effort to combat red-hot inflation...
“We have both the tools we need and the resolve that it will take to restore price stability on behalf of American families and businesses,” Powell stated. “Price stability is the responsibility of the Federal Reserve and serves as the bedrock of our economy.”
(Excerpt) Read more at breitbart.com ...
Squaw Warren say heap big trouble ahead, Kemosabe...
What a stupid, clueless woman. She lives in Fantasy Land where she just declares things and it is so.
You voted for it! EMBRACE THE SUCK!.....................
Fake Squaw speak with ignorant tongue. Bitch is a serious loon.
The rate hike is probably child’s play compared to the less talked about QT the Fed also announced.
Not too hard to notice the Dem corrupt strategy. Blame the Fed for trying to clean up Biden and the Dems mess.
Well Lizzie, maybe you ain’t seen nuthin’ yet!
In other news, Dow30 is down 537 points, the US500 is down 71 and the USNDX is down 240. I suspect it is inescapable that the Dow won’t go below 30,000 this week. Other than a short foray into that territory in June, it was November 2020 when last there. Way to go Brandon!!
You can always weed out the ‘populist’ when you bring up free money and low interest rates. Cheap money will destroy the world.
Oh good grief.
Congress could have reigned in spending. They didn’t.
So now, rightly or wrongly the Fed is going to do it.
She voted for all the spending that is causing the bulk of inflation. FJB.....
No, savers need to have an after taxes, positive interest rate.
Negative interest rates are unsustainable.
Lie-a-watha can only blame her own party for the dismal economic status. The Fed is simply reacting to the poor choices that Brandon - and Warren’s fellow Marxists - have implemented.
This is what happens when bad people control such things. First they lower the interest rates beyond all reason to save their buddies and then raise it like carnival bell to try to keep the system from blowing up another way. No one should have such power. And the we should ride the good and bad waves as they come. Then we would not have extremes. And savings would not be destroyed by inflation.
This is very typical of liberals, all liberals. They only think about the next day, or the next month. They give no thought at all to the long-term.
So let’s keep rates low, and inflation out of control.
Or as the Grass Roots sang:
One, two, three, four
Sha-la-la-la-la-la, live for today
Sha-la-la-la-la-la, live for today
And don’t worry ‘bout tomorrow, hey
Sha-la-la-la-la-la, live for today
Live for today
heap money will destroy the world.
_____________________________________________________________
An entire book on it:
https://www.wiley.com/WileyCDA/WileyTitle/productCd-1118122844,descCd-buy.html
8.5% inflation will destroy most retirees in a matter of years. Warren is more concerned with the dems maintaining power thru the Mid-term election.
A couple trillion in spending had nothing to do with inflation? Mmmm-kay, Lizzie
All of the DC critters will be whining as their insider trading deals lose value.
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