Posted on 10/29/2025 3:05:58 PM PDT by SeekAndFind
Federal Reserve officials voted for another quarter-point rate cut on Wednesday, lowering their benchmark lending rate to a range between 3.75% and 4%, the lowest in three years.
The decision drew two dissents; one from Fed Governor Stephen Miran, who backed a larger, half-point cut; and another from Kansas City Fed President Jeffrey Schmid, who preferred to hold borrowing costs steady.
It is the first time since 2019 that there were dueling dissents — both calling for easier and tighter policy — underscoring the heated debate among officials over how President Donald Trump’s sweeping policies on trade, immigration and spending are affecting the US economy.
To make matters more complicated, it was also the first time officials have set monetary policy while lacking an entire month of crucial government employment figures in the modern era.
(Excerpt) Read more at cnn.com ...
Boo.
Damned if you do. Damned if you don’t. Η τύχη ευνοεί τους τολμηρούς “Fortune favors the bold.”
THAT WILL HELP NYC PEOPLE SELL WHAT THEY HAVE & MOVE AWAY FROM MAMDANI
Covered campers westward ho!
Damn near 40 trillion in debt and we can’t afford to service it any more, unless rates come back down to near-zero. Fed is walking a tightrope right now. They have to cut, but not too fast or they trigger a panic.
It appears the game plan is to drop short-term rates as much as possible so we can load up on short term bills and kick the can down the road, as we wait for Fed to switch from QT to QE. Then they fire up the old money printer again and transition the debt back to longer term treasuries. Inflation be damned through all of it.
It’s just going to cause more inflation. We can not tolerate more inflation.
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