*ahem* Ladies and gentlemen...I'd just like to announce that we'll be increasing the Federal Funds Rate by 1000 basis points with immediate effect
*ahem* Ladies and gentlemen...
Justin Carter
Michael Garcia
funny but rates will get to 9% this isnt a joke. overlay inflation with the funds rate and youll see why
Christian Perez
>he still thinks that Powell has the same balls as Volcker
Nathan Gomez
volker was retarded. powell is based
Evan Sanchez
Bullish
Jason Clark
wow you must be 12 years old
Camden Jones
this
Daniel Lopez
Logan Gomez
brainlets who don't understand the monetary system (like paul)
based and intelligent
Adrian Torres
*10Y doesn't actually move*
Nuffin personnel
Isaac Baker
He could.
The president, supreme court, congress, etc all have checks and balances in place to prevent them from taking rash decisions.
No such checks or balances exist for the Federal Reserve.
They have king-tier power over the economy.
Angel Bennett
Your biggest achievement is making it to your 30s?
Leo Mitchell
JPow rugpulling the world economy is somehow very funny. A mild mannered lawyer signing some papers is causing mayhem, revolutions and absolute horror in the third world.
Nathaniel Baker
Literal retard over here, gents.
Zachary Thomas
not jpow but the 80 year ponzi scheme hatched at bretton woods that everyone at the time knew would cause all these problems but the ameriboomers just shrugged and went on to vacuum up as much wealth as possible from the rest of the planet
cope retard
Jonathan Russell
JPow saw 4% and dropping unemployment alongside 5% and rising inflation and honestly thought he could just keep printing money. Any sophomore business school student who was forced to take a macroeconomics class could have managed the economy better than this retard.
Elijah Myers
>hurr why didn't he just crash the supply chain during the plandemic
Chase Thomas
There was a ~6 month period at the end of 2021 and beginning of 2022 where things had essentially gotten back to normal and yet they not only kept rates at 0% but also kept easing on top of that because of their infamous belief that the quickly-rising inflation was merely "transitory".
People keep asking if they Fed can avoid the hard landing, but they already fucked it up. This shit never would have gotten anywhere near this bad if they had started tapering last autumn.
Jace Morris
no. people are delusional and don't want to accept that the dollar is fucking dead. you pull back meaningfully from multiplying the money supply post-2008, you get systemic global default as one by one the banks drag each other into the abyss. we're facing down depression for the simple fact that it isn't politically advantageous to acknowledge that the monetary system needs to fundamentally change to an extent not seen since the end of WW2. this would require intelligence and courage, both of which are in vanishingly short supply. jpow is just keeping the lights on for as long as he can
Camden Long
Zachary Green
The debt wasn't as large in Volcker's day. Powell would be suicidal to try that shit.