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 ...
DemocRAT
I remember the FEB raising interest rates 3 times during President Trumps midterms to get Democraps elected in congress.
The Kamala economy is crashing, no thanks, can’t survive 4 more years of that.
The fed is the reason - well, part of the reason - that it’s a mess. That and the federal government failing to balance the budget year after year after year.
Obama butt boy ...
The Federal Reserve needs to be barred from buying debt which:
1. has not been issued by the US Treasury or US state,
2. it can’t resell at any time for at least what it paid for it,
3. will yield less than 5%,
4. will yield less than the NASDAQ, S&P and Dow Jones Index rates of return at the time of purchase for:
a. the last 12 months,
b. the last 60 months, or
c. the last 120 months.
Deterioration department manager rolls dice again.
Democrats: We’re going to make housing affordable for hamburger flippers and unskilled invaders.
Potential Homebuyers: Why should we pay $450,000 or more for a modest house then?
Potential Home Sellers: We’ll wait until rational people are back in charge and then make a reasonable decision.
The problem is our country is being run by idiots.
If the federal government is going to trash every suburb in the USA, potential homebuyers aren’t going to buy houses and homebuilders are not going to build new houses for the private sector.
Amended.
too late guy
but just for curiosity’s sake,
what wouldaya have done to “fix” the deteriorated economy, anyway?
(printing more fake money was the main cause of the crash so doubling down on that failed policy wouldn’t help)
The Fed’s job is the transfer of wealth from the middle class to the elites. Full stop.
Austin Goolsbee is the Fed Reserve President in Chicago? Are you kidding? Go ahead, try to convince me the mafia isn’t in charge of the democrat machine.
GO TO www.freerepublic.com/focus/f-news/4247038/posts.
Article about the Federal Reserve being over $176 BILLION in the loss column.
Went into loss 9-28-2022 & As of 6-19-2024, was down $176 BILLION.
IN ONLY 21 months.
This clown is a full blown moron- he’s been on i think levin who tore him apart. Economist? No freaking idiot.
The FedReserve will “fix it” how— give every citizen 10k overnight. Quantitative easing the national bowels?
What gibberish.
Recall what this joker was to the Clinton/obamaumau economist role. Only surpassed in idiocy by Paul Krugman certifiable microcephalic idiot.
Classic example of failing up.
I heard him on Hannity’s radio show a couple of years ago. He has no clue about basic economics.
“The Fed’s job is very straightforward, maximize employment, stabilize prices and maintain financial stability.”
And you have failed at all three.
L
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