Posted on 09/06/2023 2:17:35 PM PDT by Right Wing Vegan
U.S. Senate overwhelmingly voted on Wednesday to confirm Philip Jefferson to be vice chair of the Federal Reserve, signaling broad bipartisan support for the U.S. central bank's second-in-command as policymakers near a potential watershed moment in their battle against inflation.
Jefferson was a longtime economics professor and college dean before becoming a Fed governor in May of 2022. He has voted for every interest rate hike since then as the central bank has lifted its benchmark overnight interest rate from the near-zero level in March 2022 to the current 5.25%-5.50% range.
With interest rates now seen as high enough to slow the economy and cool the job market, Fed policymakers are widely expected to leave the policy rate unchanged at their Sept. 19-20 meeting.
But they will also likely keep the door open for one last rate hike before the end of the year, giving themselves time to assess if they have done enough to vanquish inflation that just last year was running at 40-year highs.
(Excerpt) Read more at reuters.com ...
The senate should be banned from a quorum due to corruption, malfeasance, conspiracy to defraud, and felony stealing charges.
The Senate is nothing but a Rubber Stamp for the Deep State.
Awesome. Vice chairman of the HMS Titanic!
signaling broad bipartisan support for the U.S. central bank’s second-in-command
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....”signaling “BROAD bipartisan support”...............jeez!
Rooter’s simply cannot help themselves. There simply is no such thing as... “broad bi partisan support”. The Uni-Party’s destruction of America proceeds apace.
88-10! That’s definitely not a good indicator.
He checked the right box.
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