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To: COUNTrecount

.25% rise in FED funds rate did not cause market down turn. Powell’s press conference after FED rate increase was a disaster. It removed any confidence in the FED there may have been. Powell’s press conference was the reason the market sold off. Powell’s selection by Trump was a mistake.


10 posted on 12/27/2018 12:24:53 PM PST by freedom1st (Build the Wall)
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To: freedom1st
Powell is one of five sitting FED governors. Trump appointed three of them. He has made two more appointments to vacant seats that are pending Senate confirmation.

Firing the FED chairman solves nothing when you've appointed five of the seven members of the board of governors.

13 posted on 12/27/2018 12:28:31 PM PST by Alberta's Child ("I'm a cool dude in a loose mood! Hey -- two ginger ales for my girls!")
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To: freedom1st

Yes!


28 posted on 12/27/2018 12:43:48 PM PST by JayGalt (You can't teach a donkey how to tap dance.)
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