Posted on 04/10/2024 3:03:21 PM PDT by packagingguy
Hidden Camera captures Principal Economist @federalreserve talking about Jerome Powell’s legacy as “somebody who held the line against like, Trump.” The influential agency responsible for maintaining a stable monetary system appears to not just be establishing interest rates, but to be setting policies for desired social outcomes.
“Under Powell, the Fed has changed to think about equity issues, like racial issues, think about wealth inequality as part of the mandate, as part of the things we are following. Think about climate change.” Aurel Hizmo, Principal Economist at the Federal Reserve, who prior to working at the Fed was an Assistant Professor @NYUStern and received his PhD in Economics from @DukeU, helps write speeches for Federal Reserve Board Chair Jerome Powell for the Federal Open Market Committee.
Hizmo says “Trump is just a crazy person” and conservatives are “dumb” as he describes to OMG’s American Swiper Citizen Journalist a politicized Federal Reserve Board where Powell has promoted ESG issues like climate change and “wants to be remembered in history” “as a savior.” But shhh…don’t tell anyone because Hizmo says: “I’m just really worried that I’m saying stuff that’s classified…It’s all classified.”
(Excerpt) Read more at twitter.com ...
In a nutshell the Fed does not want to induce a recession before the election because their employees think conservatives are stupid and they also don't want Trump to become president.
Didn’t Trump make Jerome Powell the Fed Chair? He’s a Trump guy, not a Biden guy.
Amazing these guys just can’t help themselves running off at the mouth; confession is good for the soul?
The Federal Reserve is a progressive-marxist style, top-down, central-planning agency, with vast power over the most important commodity of all. Even though they don’t use the ideological language of socialists, nonetheless, this is their mission.
And like all government central-planning agencies, its unavoidable their actions will become tainted by politics.
Its the nature of ideologues and apparatchiks in large bureaucracies. Their currency is status and ego.
No. 1 we are already in a recession. No. 2 We still need to raise rates to fight inflation.
It is time for treason trials and public hangings. This is beyond the pale.
“Aurel Hizmo”
Did commit suicide.
They’re real geniuses.
When it comes to forecasting rates more than three months out-
the tick tock toe chicken has a better shot as illustrated from the feds dot plot projections.
Watching. O’Keefe is killing it again.
Interesting but more information can’t possibly make me hate the FED, the gooberment, demoncraps, elites and other assorted nuts and devils more than I do already. What I am looking for are remedies against them.
The southeast US is economically booming and NY and CA are near par.
No.2 we still need to raise rates to fight inflation caused by the economy growing and not shrinking.
and you madam, are a NeverTrump.
END THE FED!
how is it even possible for such evil people to be running our government?
Not a “federal” or “reserve” agency.
Wow.
the argument for shutting down the Federal Reserve gets better daily
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.