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 ...
It’s a trend....
How many ‘leaks’ lately?
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Covid
NPR
J6
NOW This ???
Does anybody think that Powell is more about re-electing BiXiden than curbing inflation?
He’s a Deep State actor with a bad case of Long TDS.
Ordinarily raising rates can mitigate inflation. But these are extraordinary times. We are printing 1 trillion unbacked dollars every 3 months. How can the value of our currency not be diminished, whatever the Fed does regarding rates, by this reckless practice? The steadily rising price of gold is a good indicator of the dollar’s decreasing value.
Well played, but you know that.
Astonishing. Check out some of the jackassery on this thread.
“Oh, things are great. But we should increase interest rates.”
Just like that a-hole said in the video, before he ran away to hide. We have them here too. Right here on FR.
Hidden camera capture sound?
How is the Fed going to adjust interest rates or the reserve rate based on ESG and income inequality? Are different people going to be assigned different interest rates when they go out to buy a car or house?
True unemployment and inflation is more than 4x reported. 16% is inflation, and unemployment is 13%. The debt is growing by 3 Trillion a year, not counting 1 Trillion in service fees on that debt.
That is a good way to put it. But Arnold was a brave and brilliant soldier and patriot before he became a traitor.
What does this POS Powell have to say, beyond “Even some people on Free Republic agree with me?”
Paladin2 hit the nail on the head.
People like Powell, the douchcanoe being videoed in O’Keefe’s piece, and some here on this very forum are the enemies of the principles this country was founded on.
If not simply outright enemies.
>>The southeast US is economically booming and NY and CA are near par.
I drove nearly 2000 miles Saturday thru today to view the eclipse Monday. I drove thru the heart of the SE, ATL => Chattanooga => Nashville => Louisville, ending up SW a ways from Indy, and back.
Based on the numbers of trucks on the road, you’re not wrong about that first part.
The Federal Reserve is privately held, the government is only tangentially in charge of it.
“He’s a Trump guy”
There are no Trump guys in Washington. Not one.
Bttt.
5.56mm
She’s from the Karl Rove-wing of the GOP.
Hear! Hear!
Sequoyah101 Nails it!
Dismaying. All of them cut from the exact same cloth. All with zero reservations about abusing their power.
They are bragging, they know there’s no repercussions. They might get “reassigned” and get a negative review but since they didn’t confess to the really heinous and truly horrific truths, they still get the comfy life above the law.
Nothing happens, no one cares after tomorrow...
I don’t know but all these Gov people that ‘talk too much’ to OMG seem to appear gay. Anyone else get that impression?
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In governments psychopaths seem to rise to the top.
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