Anyone else find our representatives grilling of the Fed embarrasing?

[Overnight]

Why is this news? I mean, the private central bank controlling the country?

 

[Real Money]

...day of reckoning down the road.

This would seem like the logical conclusion. You can pump and pump for only so long before some kind of limit is reached.

Can the FED really just "tame" the business cycle, "set" the price of financing, and paper over any and all adverse market reactions from property to equities to fixed income... etc, etc.

It would appear as though the answer is yes.

Is there no limit to the balance sheet manipulations?

The balance sheet thing is insane. Trillion for this, trillion for that, and on and on.....

 

[nooby_mcnoob]

MAGA is a three-ring Reality TV circus all by itself

Meanwhile Powell warns that $1 trillion yearly budget deficits are not sustainable?

Just a tad late with that.

The reason he is saying that is because the fed loses power.

 

[S2007S]

The Fed has lost any sense of ethics since the days of Volcker. Their actions create bigger & bigger bubbles which transfers more more wealth from the 99% to the 1%. The Fed is often compared to an active Heroin addict, I think the junky has more common sense.

They are clueless ego maniacs that now think they can control the business cycle, & they can at the cost of a much larger day of reckoning down the road.

Check out 'Fedup - Danielle DiMartino'. She is a former Fed insider that lays out the corruption and illustrates just how clueless & delusional they have become.

That's why will never have free markets. Because they believe, the fed, can control the business cycle but in reality havent a clue how it works especially now, with handing out trillions of dollars...there is absolutely no such thing as economics 101 any more..it cannot exist when the fed is at the helm making daily decisions where rates go when the markets in itself should generate the true rates.

 

[S2007S]

This would seem like the logical conclusion. You can pump and pump for only so long before some kind of limit is reached.

Can the FED really just "tame" the business cycle, "set" the price of financing, and paper over any and all adverse market reactions from property to equities to fixed income... etc, etc.

It would appear as though the answer is yes.

Is there no limit to the balance sheet manipulations?

The balance sheet thing is insane. Trillion for this, trillion for that, and on and on.....

Trillion for this and trillion for that is what is keeping stocks inflated and 401ks pumping higher each and every day...there is no way now they would have a repeat of 1929, 1987, 2000 l, 2007 etc. There are just too many dollars tied up now in pensions and retirement accounts that if they were to lose even 17% of their value the world would come to a complete halt.

 

[zdreg]

Trillion for this and trillion for that is what is keeping stocks inflated and 401ks pumping higher each and every day...there is no way now they would have a repeat of 1929, 1987, 2000 l, 2007 etc. There are just too many dollars tied up now in pensions and retirement accounts that if they were to lose even 17% of their value the world would come to a complete halt.

How would a complete halt look like? No food reaching the big cities in the US? Residents of big cities believe that food is dropped magically from the sky to their breakfast table.

 

[morganist]

That lady from Detroit acting like shes knows the responsibilities of his job better then he does.

She might do in legal terms opposed to professional terms.

 

[morganist]

In their defense they may go from a Fed hearing at 10 to a hearing on the Palestinian peace plan at 2 to a hearing on offshore oil safety at 5. Even the range of subjects on a given committee are far beyond the level that you or I could ask intelligent questions on all of subjects. So they hire staff with expertise in those areas and they come up with questions and evaluate the answers. I agree that a lot of them are morons, but I'm also not sure I could do a significantly better job asking intelligent questions on that wide of a range of subjects and I have a pretty high opinion of my intelligence.

Their working more on a legal framework than a professional framework.

 

[morganist]

The Fed has lost any sense of ethics since the days of Volcker. Their actions create bigger & bigger bubbles which transfers more more wealth from the 99% to the 1%. The Fed is often compared to an active Heroin addict, I think the junky has more common sense.

They are clueless ego maniacs that now think they can control the business cycle, & they can at the cost of a much larger day of reckoning down the road.

Check out 'Fedup - Danielle DiMartino'. She is a former Fed insider that lays out the corruption and illustrates just how clueless & delusional they have become.

It could be worse they may not have appreciated the impact pension saving has on the economy!