[rktman]

So, Jay Powell may arbitrarily raise interest rates to spite PDJT? Is the ‘fed’ so entrenched in the system that it can’t be gotten rid of? If one looks into the history of the fed one comes up with a pretty disgusting uber wealthy scheme that’s still in play today. They didn’t get rich by NOT making up their own rules.

[reaganaut1]

So, Jay Powell may arbitrarily raise interest rates to spite PDJT? Is the ‘fed’ so entrenched in the system that it can’t be gotten rid of? If one looks into the history of the fed one comes up with a pretty disgusting uber wealthy scheme that’s still in play today. They didn’t get rich by NOT making up their own rules.

Powell gets one vote out of twelve on the Federal Open Market Committee, which votes on interest rates. Recently their votes have been unanimous, indicating that Powell is not an outlier in his desire to raise rates.