Posted on 03/02/2022 6:29:50 AM PST by ChicagoConservative27
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell made clear Wednesday that the Fed will begin raising interest rates this month in a high-stakes effort to restrain surging inflation.
In prepared testimony he will deliver to a congressional committee, Powell cautions that the financial consequences of Russia’s invasion of Ukraine are “highly uncertain.” He says the Fed will “need to be nimble” in responding to unexpected changes resulting from the war or the sanctions that the United States and Europe have imposed in response.
(Excerpt) Read more at breitbart.com ...
“unexpected changes”
Yeah. Well, somethings don’t change. Like how “unexpected” the bad news always is under Democrats.
Can’t do that. It will tank the markets AND the economy insuring an insurmountable loss (even with attempted cheating) in the mid-term elections. All hell is going to break loose if the Fed does that. Promise.
Interest rates should be raised, but that won’t cure inflation. It will introduce a slowdown, which is easily confused with being a brake on inflation.
The government should not issue new currency. That dilutes its value.
How much can the Fed tighten with elections fast approaching?
They have a short window of time that’s probably not going to allow them to do a sufficient number of increases. And doing bigger hikes during the Ukraine crisis might spook the markets.
The Fed squandered their opportunities to do a more ‘controlled burn’ IMO.
The Fed is like a teen-age driver racing down the highway at one hundred miles an hour with a cliff up ahead.
A slight tap on the brakes might help....
;-)
The government should not issue new currency. That dilutes its value.
***********
Pols don’t care. They spend money, and lots of it. Its what they do.
$30 trillion doesn’t phase them at all.
Markets are expecting .25 now. Not the .50 pre invasion, that’s why they haven’t sold off entirely.
Some prices will come down do to old fashion deflation, not all people can afford higher prices. Homes for sale will fall do to higher mortgage rates.
Nimble?
Rhymes with …..? …… DimBulb?
The market has already corrected for 4 rate increases.
My AMD stock was going up last thurs, fri, mon by $16 then on Tuesday it went down about $9. Today it is up $4.74 right now. Hard to figure out stocks.
Now up $5.60
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