JDHillFan Posted September 5, 2023 Share Posted September 5, 2023 43 minutes ago, Joe Ferguson forever said: It's what happens when interest rates rise to battle inflation. What would you have done differently? It’s going exactly as planned. Brandonomics! 1 Link to comment Share on other sites More sharing options...
Joe Ferguson forever Posted September 5, 2023 Share Posted September 5, 2023 (edited) 26 minutes ago, JDHillFan said: It’s going exactly as planned. Brandonomics! What would you have done differently? Edited September 5, 2023 by Joe Ferguson forever 1 1 Link to comment Share on other sites More sharing options...
B-Man Posted September 5, 2023 Share Posted September 5, 2023 (edited) “We went into a recession after two back to back quarters of -1.5 over a year ago. When this happened, the establishment changed the parameters that define recession. We’ve remained at a net loss with job creation and ‘Bidenomics.’ This isn’t recovery and everyone knows it.” https://twitter.com/TRHLofficial/status/1698799361474310331 Everyone does know. But as the wise man once said of the very first country to go full-bore leftist and stay that way, “We know that they are lying, they know that they are lying, they even know that we know they are lying, we also know that they know we know they are lying too, they of course know that we certainly know they know we know they are lying too as well, but they are still lying.” ― Aleksandr Solzhenitsyn . Edited September 5, 2023 by B-Man 1 Link to comment Share on other sites More sharing options...
JDHillFan Posted September 5, 2023 Share Posted September 5, 2023 (edited) 20 minutes ago, Joe Ferguson forever said: What would you have done differently? Unlike you, I do not pretend to be an expert on everything under the sun. Were I to behave as such, I would end up looking like a dumb ass as you have demonstrated yourself to be on so many occasions. In the matter of economics, I am at the mercy of my “betters” in government. I have to hope and trust they know what they are doing. All I can do is look at the results. You can lump me in with the vast majorities that are dissatisfied with the current state of the economy in our country. I will leave it to the Tiberius’s and redhawks of the world to paint a rosy picture of the housing market and other matters relative to Brandonomics. Edited September 5, 2023 by JDHillFan Spelling 1 1 Link to comment Share on other sites More sharing options...
Joe Ferguson forever Posted September 5, 2023 Share Posted September 5, 2023 (edited) 14 minutes ago, JDHillFan said: Unlike you, I do not pretend to be an expert on everything under the sun. Were I to behave as such, I would end up looking like a dumb ass as you have demonstrated yourself to be on so many occasions. In the matter of economics, I am at the mercy of my “betters” in government. I have to hope and trust they know what they are doing. All I can do is look at the results. You can lump me in with the vast majorities that are dissatisfied with the current state of the economy in our country. I will leave it to the Tiberius’s and redhawks of the world to paint a rosy picture of the housing market and other matters relative to Brandonomics. That's what I thought. The economy was a mess when Biden took over from trump. He's improved it significantly. And just what specifically are you an expert on? Edited September 5, 2023 by Joe Ferguson forever Link to comment Share on other sites More sharing options...
SoCal Deek Posted September 5, 2023 Share Posted September 5, 2023 16 minutes ago, Joe Ferguson forever said: That's what I thought. The economy was a mess when Biden took over from trump. He's improved it significantly. And just what specifically are you an expert on? Biden improved it? How exactly? What specific policies did the Biden administration enact that improved the economy? He didn’t change tax policy. He borrowed against our future with federal spending programs, most of which have yet to even kick in. In short, the Biden administration has done nothing to help the economy. In fact it could be said that if he’d done literally nothing at all it would’ve been even better. 2 Link to comment Share on other sites More sharing options...
sherpa Posted September 5, 2023 Share Posted September 5, 2023 18 minutes ago, Joe Ferguson forever said: That's what I thought. The economy was a mess when Biden took over from trump. He's improved it significantly. And just what specifically are you an expert on? Absolute nonsense, I have no argument with mortgage rates going up as a derivative of the Fed needing to put a damper on inflation. Not Biden's fault. Inflation brought about by years of Fed expanding its balance sheet and over the top fiscal stimulus by Congress, some needed to battle covid effects, but some for purely political goals. But...To say that the economy was a mess under Trump is ridiculous. Things were just fine until covid. I don't blame either of them for responding to it. The last stimulus was unnecessary. Either way, Biden in no imaginable way "improved it significantly." 1 1 Link to comment Share on other sites More sharing options...
Joe Ferguson forever Posted September 5, 2023 Share Posted September 5, 2023 5 minutes ago, SoCal Deek said: Biden improved it? How exactly? What specific policies did the Biden administration enact that improved the economy? He didn’t change tax policy. He borrowed against our future with federal spending programs, most of which have yet to even kick in. In short, the Biden administration has done nothing to help the economy. In fact it could be said that if he’d done literally nothing at all it would’ve been even better. He stayed out of the Feds way, unlike his predecessor Just now, sherpa said: Things were just fine until covid. exactly...then they went to shite Link to comment Share on other sites More sharing options...
sherpa Posted September 5, 2023 Share Posted September 5, 2023 What? The Fed is an independent body. 1 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted September 5, 2023 Share Posted September 5, 2023 (edited) No way did things like massive stimulus bills named "anti inflation and infrastructure" push liquidity into a market already showing inflation that was already high and rising Edited September 5, 2023 by Chris farley Link to comment Share on other sites More sharing options...
AlBUNDY4TDS Posted September 5, 2023 Share Posted September 5, 2023 2 minutes ago, Joe Ferguson forever said: He stayed out of the Feds way, unlike his predecessor exactly...then they went to shite What? Revisionist history? Man you sure twist yourself into a pretzel to defend Biden. And before u mention Trump, I still didn't vote for him. 1 Link to comment Share on other sites More sharing options...
Tiberius Posted September 5, 2023 Share Posted September 5, 2023 (Bloomberg) -- Goldman Sachs Group Inc. now sees a 15% chance the US will slide into recession, down from 20% previously as cooling inflation and a still-resilient labor market suggest the Federal Reserve may not need to raise interest rates any further. https://finance.yahoo.com/news/goldman-cuts-us-recession-chances-022752901.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZHJ1ZGdlcmVwb3J0LmNvbS8&guce_referrer_sig=AQAAAHcV7twa40Ro3TycGWSE4Y0lVcPFTgFfeJOp1juB5CvcKRDWRt4bKzYSNbAjICrqqS1mhclLSBqUhbtEvKd5TEKPP29r-PBpYHqpfGT85kQ6w2LF6fndWeqcjONg9ug-DTLzA7SbzVk-4ehw8IJqOXJ_iWaLuz63ipiS1iVfw79r Biden taking America in for a nice soft landing! Link to comment Share on other sites More sharing options...
Tommy Callahan Posted September 5, 2023 Share Posted September 5, 2023 1 minute ago, AlBUNDY4TDS said: What? Revisionist history? Man you sure twist yourself into a pretzel to defend Biden. And before u mention Trump, I still didn't vote for him. It's nuts. They either never left the house or are just lying Link to comment Share on other sites More sharing options...
sherpa Posted September 5, 2023 Share Posted September 5, 2023 I still want to hear an explanation of how trump "got into the Fed's way." 1 Link to comment Share on other sites More sharing options...
Tommy Callahan Posted September 5, 2023 Share Posted September 5, 2023 Just now, Tiberius said: (Bloomberg) -- Goldman Sachs Group Inc. now sees a 15% chance the US will slide into recession, down from 20% previously as cooling inflation and a still-resilient labor market suggest the Federal Reserve may not need to raise interest rates any further. https://finance.yahoo.com/news/goldman-cuts-us-recession-chances-022752901.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZHJ1ZGdlcmVwb3J0LmNvbS8&guce_referrer_sig=AQAAAHcV7twa40Ro3TycGWSE4Y0lVcPFTgFfeJOp1juB5CvcKRDWRt4bKzYSNbAjICrqqS1mhclLSBqUhbtEvKd5TEKPP29r-PBpYHqpfGT85kQ6w2LF6fndWeqcjONg9ug-DTLzA7SbzVk-4ehw8IJqOXJ_iWaLuz63ipiS1iVfw79r Lmao. Been there for over a year and they say maybe later. Link to comment Share on other sites More sharing options...
All_Pro_Bills Posted September 5, 2023 Share Posted September 5, 2023 (edited) 12 minutes ago, Tiberius said: (Bloomberg) -- Goldman Sachs Group Inc. now sees a 15% chance the US will slide into recession, down from 20% previously as cooling inflation and a still-resilient labor market suggest the Federal Reserve may not need to raise interest rates any further. https://finance.yahoo.com/news/goldman-cuts-us-recession-chances-022752901.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZHJ1ZGdlcmVwb3J0LmNvbS8&guce_referrer_sig=AQAAAHcV7twa40Ro3TycGWSE4Y0lVcPFTgFfeJOp1juB5CvcKRDWRt4bKzYSNbAjICrqqS1mhclLSBqUhbtEvKd5TEKPP29r-PBpYHqpfGT85kQ6w2LF6fndWeqcjONg9ug-DTLzA7SbzVk-4ehw8IJqOXJ_iWaLuz63ipiS1iVfw79r Biden taking America in for a nice soft landing! Goldman is known to be a very accurate contrary indicator. Edited September 5, 2023 by All_Pro_Bills Link to comment Share on other sites More sharing options...
JDHillFan Posted September 5, 2023 Share Posted September 5, 2023 45 minutes ago, Joe Ferguson forever said: That's what I thought. The economy was a mess when Biden took over from trump. He's improved it significantly. And just what specifically are you an expert on? Ok. Despite you spitting up on yourself fairly regularly and your shrewish “personality”, I am going to believe you and ask you to help me understand this: Majorities of registered voters said they disapproved of how Biden has handled the economy (59%), inflation (63%) and growth of the middle class (58%), according to the poll. https://www.cnbc.com/2023/09/04/biden-2024-election-poll-trump-economy-old-age-concerns-inflation.html Is it simply the messaging that’s the problem? Shouldn’t a larger percentage of registered voters have benefited in a tangible way from the significantly improved economy? Link to comment Share on other sites More sharing options...
Tiberius Posted September 5, 2023 Share Posted September 5, 2023 29 minutes ago, All_Pro_Bills said: Goldman is known to be a very accurate contrary indicator. Known by idiots, ya Link to comment Share on other sites More sharing options...
B-Man Posted September 5, 2023 Share Posted September 5, 2023 REMINDER: . 2 Link to comment Share on other sites More sharing options...
JDHillFan Posted September 5, 2023 Share Posted September 5, 2023 9 minutes ago, B-Man said: REMINDER: . This is what a “significantly improved economy” looks like. What’s so hard to understand about that? 1 Link to comment Share on other sites More sharing options...
Joe Ferguson forever Posted September 5, 2023 Share Posted September 5, 2023 (edited) 1 hour ago, sherpa said: What? The Fed is an independent body. https://www.cnbc.com/2019/09/18/trump-says-powell-and-the-fed-fail-again-have-no-guts-no-sense-no-vision.html Apparently trump was unaware or ignored that fact. "The decision to cut rates follows a monthslong pressure campaign by Trump, who often criticized Powell by name as he complained that the current interest levels put the U.S. at an economic disadvantage to countries with lower rates." Was this ok with you? Ya think lowering rates might have had an effect on inflation back then or later? Edited September 5, 2023 by Joe Ferguson forever Link to comment Share on other sites More sharing options...
TH3 Posted September 5, 2023 Share Posted September 5, 2023 46 minutes ago, B-Man said: REMINDER: . You mean things are pricier now than during the during the the pandemic? Whoa! You know - you have a choice everyday...why do you choose to be angry...all day...every day....? 1 Link to comment Share on other sites More sharing options...
Joe Ferguson forever Posted September 5, 2023 Share Posted September 5, 2023 (edited) 10 minutes ago, TH3 said: You mean things are pricier now than during the during the the pandemic? Whoa! You know - you have a choice everyday...why do you choose to be angry...all day...every day....? MAGA's need villains to blame for their problems. It's just part of their psyche... Edited September 5, 2023 by Joe Ferguson forever Link to comment Share on other sites More sharing options...
sherpa Posted September 5, 2023 Share Posted September 5, 2023 5 minutes ago, Joe Ferguson forever said: https://www.cnbc.com/2019/09/18/trump-says-powell-and-the-fed-fail-again-have-no-guts-no-sense-no-vision.html Apparently trump was unaware or ignored that fact. "The decision to cut rates follows a monthslong pressure campaign by Trump, who often criticized Powell by name as he complained that the current interest levels put the U.S. at an economic disadvantage to countries with lower rates." Was this ok with you? Ya think lowering rates might have had an effect on inflation back then? The Fed is independent entity whose mandate is to promote full employment, moderate long term interest rates and stable employment. Conflict between the Fed and the Executive has always been in place, the most noteworthy being the situation between Fed Chairman Volker and Reagan. They have conflicting short term interests. You put out a lot of "stuff" on a lot of different subjects, but those views seem to be grossly influenced by political view. Your point, not that it was effectively supported, is ridiculous. 1 Link to comment Share on other sites More sharing options...
Joe Ferguson forever Posted September 5, 2023 Share Posted September 5, 2023 Just now, sherpa said: The Fed is independent entity whose mandate is to promote full employment, moderate long term interest rates and stable employment. Conflict between the Fed and the Executive has always been in place, the most noteworthy being the situation between Fed Chairman Volker and Reagan. They have conflicting short term interests. You put out a lot of "stuff" on a lot of different subjects, but those views seem to be grossly influenced by political view. Your point, not that it was effectively supported, is ridiculous. trump pressured Powell for months and then he lowered rates. So there's that...Interesting that your example was another R who overstepped his intended power... Link to comment Share on other sites More sharing options...
SoCal Deek Posted September 5, 2023 Share Posted September 5, 2023 2 hours ago, Joe Ferguson forever said: He stayed out of the Feds way, unlike his predecessor Now you’ve really lost it. Dude, EVERYTHING isn’t Trump’s fault! Wake the heck up oh pompous learned one. It’s posts like this that give you ZERO credibility on here. Sadly our Court Jester position is already filled. 1 Link to comment Share on other sites More sharing options...
All_Pro_Bills Posted September 5, 2023 Share Posted September 5, 2023 (edited) 15 minutes ago, Joe Ferguson forever said: trump pressured Powell for months and then he lowered rates. So there's that...Interesting that your example was another R who overstepped his intended power... Which kind of proves the Fed's claims of independence are an illusion because under those conditions he could have just said no. IMO, rather than supporting a dual mandate of employment and price stability, the Fed's primary mission at this point is to guarantee there's a pliable market for US government securities needed to fund ever increasing deficits and national debt. My personal business plan is based on the expectation they'll continue on this interest rate hike and credit contraction cycle until something breaks such as a major shock to the economy and the markets. I don't see that event very far off into the future. Lots of indicators are flashing red. I also see the soft landing scenario as consistently repeated delusion. Which will be responded to by lowering rates and increasing liquidity to markets and the economy. The dilemma will be doing this in the face of stubbornly high inflation that just won't go away. Edited September 5, 2023 by All_Pro_Bills Link to comment Share on other sites More sharing options...
Joe Ferguson forever Posted September 5, 2023 Share Posted September 5, 2023 (edited) 5 minutes ago, All_Pro_Bills said: Which kind of proves the Fed's claims of independence are an illusion because under those conditions he could have just said no. Yes, tell that to Sherpa and Cali dude. I don't recall Biden overtly trying to influence the Fed. Which was my point. Edited September 5, 2023 by Joe Ferguson forever Link to comment Share on other sites More sharing options...
JDHillFan Posted September 5, 2023 Share Posted September 5, 2023 (edited) 24 minutes ago, Joe Ferguson forever said: MAGA's need villains to blame for their problems. It's just part of their psyche... Says the guy that believes racial slurs are ok if used appropriately, is an admitted anti Zionist, hates soccer moms for being heard, sees maga nazis around every corner, and believes those that disagree with him are advocates for civil war. Really solid work with this one! Edited September 5, 2023 by JDHillFan Spelling 1 Link to comment Share on other sites More sharing options...
Joe Ferguson forever Posted September 5, 2023 Share Posted September 5, 2023 (edited) 9 minutes ago, JDHillFan said: Says the guy that believes racial slurs are ok if used appropriately, is an admitted anti Zionist, hates soccer moms for being heard, sees maga nazis around every corner, and believes those that disagree with him are advocates for civil war. Really solid work with this one! Are you for civil war. Almost no one here has answered. But many have defended the insurrectionists... Edited September 5, 2023 by Joe Ferguson forever Link to comment Share on other sites More sharing options...
wnyguy Posted September 5, 2023 Share Posted September 5, 2023 1 minute ago, Joe Ferguson forever said: Are you for civil war. Almost no one here has answered? I am not for it but can understand it if it ever happens. 1 Link to comment Share on other sites More sharing options...
Joe Ferguson forever Posted September 5, 2023 Share Posted September 5, 2023 (edited) 3 minutes ago, wnyguy said: I am not for it but can understand it if it ever happens. So you feel it's justifiable? Edited September 5, 2023 by Joe Ferguson forever Link to comment Share on other sites More sharing options...
wnyguy Posted September 5, 2023 Share Posted September 5, 2023 2 minutes ago, Joe Ferguson forever said: So you feel it's justifiable? It's getting pretty close. 1 Link to comment Share on other sites More sharing options...
Joe Ferguson forever Posted September 5, 2023 Share Posted September 5, 2023 (edited) 11 minutes ago, wnyguy said: It's getting pretty close. Then i think it's reasonable to ask posters opinions on it. Especially when stuff like this happens. Palin is not the only R pol calling for civil war. Madison Cawthorn did. Michigan fake electors did. Paul Gosar has. A Georgia congressman has. Bannon has. It's a legitimate concern and people whose job it is to study these things believe it's very possible. https://www.theguardian.com/us-news/2023/aug/25/sarah-palin-us-civil-war-donald-trump-prosecutions Barbara F Walter, author of How Civil Wars Start: And How to Stop Them and a CIA advisor, has written: “No one wants to believe that their beloved democracy is in decline, or headed toward war.” But “if you were an analyst in a foreign country looking at events in America – the same way you’d look at events in Ukraine or Ivory Coast or Venezuela – you would go down a checklist, assessing each of the conditions that make civil war likely. “And what you would find is that the United States, a democracy founded more than two centuries ago, has entered very dangerous territory.” Edited September 5, 2023 by Joe Ferguson forever Link to comment Share on other sites More sharing options...
sherpa Posted September 5, 2023 Share Posted September 5, 2023 53 minutes ago, Joe Ferguson forever said: trump pressured Powell for months and then he lowered rates. So there's that...Interesting that your example was another R who overstepped his intended power... Complete ignorance. 1 1 Link to comment Share on other sites More sharing options...
SoCal Deek Posted September 5, 2023 Share Posted September 5, 2023 (edited) In just the past few minutes we’ve been told that Trump, a guy who literally nobody in the Federal Government was listening to, pressured the Fed not to raise interest rates so as to stem off inflation, years ahead of an international pandemic that nobody ever heard of or saw coming. You couldn’t make this stuff up if you tried! 😂😂😂😂😂😂😂 Edited September 5, 2023 by SoCal Deek 1 Link to comment Share on other sites More sharing options...
Joe Ferguson forever Posted September 5, 2023 Share Posted September 5, 2023 7 minutes ago, SoCal Deek said: years ahead of an international pandemic that nobody ever heard of or saw coming not nobody, no how! lot's of insiders knew about it including Sen Burr and others who profited from the pandemic after a closed meeting in Jan 2020. The CNBC article about the interest rate decreased (not raised, dummy) by the fed was Sept 2019. Is it possible trump knew the covid intelligence ahead of Burr? Bur said at the time that a framework was in place to address the pandemic. How long doe you think it took to develop that (terrible framework)?rDo you think trump may have been briefed substantially earlier than Burr? The fact that you got wrong the direction of the rate change trump pressured the fed for nullifies everything you just typed On January 24, 2020, the Senate Committees on Health and Foreign Relations held a closed meeting with only Senators present to brief them about the COVID-19 outbreak and how it would affect the United States.[2][3] Following the meeting Senator Kelly Loeffler and her husband Jeffrey Sprecher, the chairman of the New York Stock Exchange, made twenty-seven transactions to sell stock worth between $1,275,000 and $3,100,000 and two transactions to buy stock in Citrix Systems which saw an increase following the correction.[2] Senator David Perdue made a series of 112 transactions with stocks sold for around $825,000 and bought stocks worth $1.8 million. Perdue started buying around $185,000 in stock in DuPont, a company that makes personal protective equipment, on the same day as the Senate briefing up to March 2.[4][5] Additionally, John Hoeven of North Dakota purchased $250,000 in health science companies in January, five days after attending a briefing about the pandemic.[6] On January 31 and February 18, Dianne Feinstein sold stock in Allogene Therapeutics, with the estimated value to be between $1.5 million and $6 million.[7] According to Feinstein, the investment decisions are made by her husband, and are reported by her per Senate rules. She states that “this company is unrelated to any work on the coronavirus and the sale was unrelated to the situation.”[8] Feinstein also reportedly provided documents to the FBI related to her husband's transactions, in order to show that she had no connection to the decision.[9] On February 7, Senator Burr, the Chair of the Senate Intelligence Committee, stated in an open-editorial on how the government could respond to coronavirus that "Luckily, we have a framework in place that has put us in a better position than any other country to respond to a public health threat, like the coronavirus," However, on February 13, he and his wife sold between $628,000 and $1.7 million worth of stock through thirty-three transactions and on February 27, Burr stated that "There's one thing that I can tell you about this: It is much more aggressive in its transmission than anything that we have seen in recent history," at a Capitol Hill Club luncheon and his statement was later leaked in a secret recording.[10][11 Link to comment Share on other sites More sharing options...
sherpa Posted September 5, 2023 Share Posted September 5, 2023 5 minutes ago, Joe Ferguson forever said: not nobody, no how! lot's of insiders knew about it including Sen Burr and others who profited from the pandemic after a closed meeting in Jan 2020. The CNBC article about the interest rate decreased (not raised, dummy) by the fed was Sept 2019. Is it possible trump knew the covid intelligence ahead of Burr? Bur said at the time that a framework was in place to address the pandemic. How long doe you think it took to develop that (terrible framework)?rDo you think trump may have been briefed substantially earlier than Burr? The fact that you got wrong the direction of the rate change trump pressured the fed for nullifies everything you just typed On January 24, 2020, the Senate Committees on Health and Foreign Relations held a closed meeting with only Senators present to brief them about the COVID-19 outbreak and how it would affect the United States.[2][3] Following the meeting Senator Kelly Loeffler and her husband Jeffrey Sprecher, the chairman of the New York Stock Exchange, made twenty-seven transactions to sell stock worth between $1,275,000 and $3,100,000 and two transactions to buy stock in Citrix Systems which saw an increase following the correction.[2] Senator David Perdue made a series of 112 transactions with stocks sold for around $825,000 and bought stocks worth $1.8 million. Perdue started buying around $185,000 in stock in DuPont, a company that makes personal protective equipment, on the same day as the Senate briefing up to March 2.[4][5] Additionally, John Hoeven of North Dakota purchased $250,000 in health science companies in January, five days after attending a briefing about the pandemic.[6] On January 31 and February 18, Dianne Feinstein sold stock in Allogene Therapeutics, with the estimated value to be between $1.5 million and $6 million.[7] According to Feinstein, the investment decisions are made by her husband, and are reported by her per Senate rules. She states that “this company is unrelated to any work on the coronavirus and the sale was unrelated to the situation.”[8] Feinstein also reportedly provided documents to the FBI related to her husband's transactions, in order to show that she had no connection to the decision.[9] On February 7, Senator Burr, the Chair of the Senate Intelligence Committee, stated in an open-editorial on how the government could respond to coronavirus that "Luckily, we have a framework in place that has put us in a better position than any other country to respond to a public health threat, like the coronavirus," However, on February 13, he and his wife sold between $628,000 and $1.7 million worth of stock through thirty-three transactions and on February 27, Burr stated that "There's one thing that I can tell you about this: It is much more aggressive in its transmission than anything that we have seen in recent history," at a Capitol Hill Club luncheon and his statement was later leaked in a secret recording.[10][11 You are way out of your lane. Say what they want, but he Executive has no ability to effectively pressure the Fed or determine Fed policy vis a vis funds rate or other actions. The Fed, for the billionth time, has its own mandate that is apolitical. Your posts indicate you do not know this. Stay with what you know. Link to comment Share on other sites More sharing options...
Joe Ferguson forever Posted September 5, 2023 Share Posted September 5, 2023 (edited) 8 minutes ago, sherpa said: You are way out of your lane. Say what they want, but he Executive has no ability to effectively pressure the Fed or determine Fed policy vis a vis funds rate or other actions. The Fed, for the billionth time, has its own mandate that is apolitical. Your posts indicate you do not know this. Stay with what you know. Do you think it's appropriate for the president to even attempt to pressure the fed chair?? Why try if it can have no effect. Ho3 do you know Powell wasn't feeling threatened? As I recall, trump threatened to replace him. https://www.cnbc.com/2018/12/22/trump-reportedly-wants-to-fire-fed-chair-powell.html The report said the Trump’s advisers have warned him against such a move, which has never been done by a president and it’s not even clear whether he has the legal authority to do so. White House and Fed spokespeople declined to comment to Bloomberg. But Trump has already broken with precedent through his repeated criticism in the second half of this year of the Fed and the chairman to the press and via Twitter, including this week before the central bank hiked rates. Other presidents privately tried to influence the Fed, but none did so in such a public and forceful matter. on the Issue of covid info timing that cali guy brought up, this timeline is interesting https://doggett.house.gov/media/blog-post/timeline-trumps-coronavirus-responses Edited September 5, 2023 by Joe Ferguson forever Link to comment Share on other sites More sharing options...
sherpa Posted September 5, 2023 Share Posted September 5, 2023 I'm not interested in talking to you about this. The dynamic has been in effect for decades. The president always wants lower rates, more liquidity, a happy market etc. The Fed has its mandates, which are different, and some times at odds, for the billionth time. Understand that; acknowledge that or go away. 2 Link to comment Share on other sites More sharing options...
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