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 ...
Oh, she can weather inflation but now her pals are getting hurt.
Please vote this Buzzard Faced B word out of office next time.
So extreme....that everyone knew it was coming.
Or we could go the route of Venezuelan inflation and destroy every business in the country
What is she complaining about? her party would just “forgive” mortgages for a certain highly-privileged segment of the population.
Her smoke’m too much from POS pipe.
This woman lives in a jeuvenile world where money grows on trees and there IS a free lunch.
Correct, if inflation is running between 8-9%, even with the rate increase today we are still running negative interest rates, in order to get inflation down usually you need interest rates above the rate of inflation, meaning we need interest rates to be 10% or more to make them positive.
What does she know????
The delegates to the Constitutional Convention gave the power to regulate value of money uniquely to Congress (therefore indirectly to ordinary citizen voters).
"Article I, Section 8, Clause 5: To coin Money, regulate the Value thereof [emphasis added], and of foreign Coin, and fix the Standard of Weights and Measures;"
"Article I, Section 10, Clause 1: No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts [emphases added]; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility."
But misguided Congress unconsitutionally (imo) gave its power to regulate value of money to a non-elected third party when Congress passed the bill that established the constitutionally indefensible (imo) Federal Reserve, misguided Woodrow Wilson signing the bill into law in 1913.
Insights welcome.
Anyone who thinks the fed has the fortitude to do what’s necessary is delusional.
Expect inflation to continue to rage and plan accordingly.
“The rate hike is probably child’s play compared to the less talked about QT the Fed also announced.”
$9T in treasuries and MBS will have a devastating effect on markets.
That’s why they are only bluffing when they say they’ll sell them.
Pocahontas talking out of both sides of her teepee.
She’s free to make as many subprime loans as she wants to.
She wants things to back to like it was with Trump. /s
Are you talking to the dolts of Massachusetts?
Save your breath. Liberal commie bastards are rejoicing when they see the inflation, loss of stock values, and general disruption of what was once a well oiled economy, (and I mean OIL) peaceful, low crime rates and secure borders under President Donald J Trump.
We are screwed because that is their plan. I pity my grandchildren, they are facing hard times and don’t know it.
I would like to put those high cheekbones a foot higher!
Her teepee is full of lice and fleas.
During Clinton and Obama, they forced the interest rate to near 0%. This makes the annual interest payment on the USA Debt much lower, and allows the leftist creepozoids to spend, spend, spend.
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