Chairman Powell - You're Fired!

[piezoe]

Powell is doing the right thing - haven't you been reading anything I've written? Trump is in the wrong. Powell is doing his best to clean up what Yellen and Bernanke - your two heroes - flooded the system with. He won't be able to, of course, without getting a heap of blame. Fools like yourself (and Trump) will blame him for the market crashing because he tries to get rates back up to the low end of the neutral zone before the next recession instead of near ZIRP for 10 years now.

But think of the good side of this - you and Trump will be on the same side of the argument.

You could well have been on a bread line had it not been for Bernanke and Paulson. Your at least 90 years behind in your economics.

 

[piezoe]

Unfortunately, employment figures are a lagging indicator. But Powell has to play catch up because rates need to be able to be cut when there is a recession. Can't cut when you're at near 0. Though all the lunatics like Piezoe will be calling for negative interest rates as the solution as soon as the recession starts. Then we'll never, ever be able to get out of this short of a complete reset.

And Piezoe will never blame Yellen or Bernanke. They're heroes to his cult.

Your thinking is one dimensional, and wrong. There are many more arrows in the Fed-Treasury quiver than the Fed Funds rate. And Congress also has tools at its disposal to handle recessions. Your thinking is stuck pre-1971, and perhaps pre-1930s even. Calvin Coolidge and Herbert Hoover aren't still around, but you can always hang pictures of them in your office to gain inspiration from..

 

[Tsing Tao]

You could well have been on a bread line had it not been for Bernanke and Paulson. Your at least 90 years behind in your economics.

Many of us will probably be in a breadline because of Bernanke and Paulson. It's just a matter of time.

And, for the love of God, can you please write "you're" when you mean "you are"? For someone who professes to be so educated, you have horrid grammar. I must have mentioned this to you about a dozen times.

 

[piezoe]

I'm not complaining at all about what the Fed is doing. You obviously have significant reading comprehension problems. I'm supporting the Fed, and saying Trump is an idiot. Get your glasses before you log in to the forum.

Did you, or did you not continuously bad mouth the Fed for taking the Funds rate to near zero using QE? I think we all have enough of your posts to answer that question.

 

[Tsing Tao]

Did you, or did you not continuously bad mouth the Fed for taking the Funds rate to near zero using QE? I think we all have enough of your posts to answer that question.

I absolutely did. And I'm being consistent now in saying the Fed needs to raise and continue raising.

Not once have I said they needed to cut or that QE was the right path.

 

[TJustice]

once again some of us here at ET lead the news... and I commend Powell and the Fed for listening to its critics and markets.

"So rather than be on this road to an event.. lets try something new. Neutral Fed in the markets.
No printing trillions. No Selling assets. No raising rates"



https://www.breitbart.com/economy/2...-fed-chair-says-central-bank-will-be-patient/


...
Friday’s panel appeared to be designed to reassure markets. Powell had remarks written down on a piece of paper despite the informality of the panel setting. That seemed to indicate that he had chosen his words carefully.

“As always, there is no preset path for policy,” Powell said. “And particularly with muted inflation readings that we’ve seen coming in, we will be patient as we watch to see how the economy evolves.”

Powell also said that the Fed could be flexible on its balance sheet reduction, the unwind of the enormous pile of bonds that it accumulated through its quantitative easing program. Last month, he had desribed the balance sheet reduction as being on “auto pilot.”

1.... look at this historical chart. so many times after a serious of rate hikes we went into recessions. What the hell. Why do we need the FED to create recession.
Why should the FED be targeting wages?


https://www.thebalance.com/fed-funds-rate-history-highs-lows-3306135
Raising rates frequently leads to an event like a recession.

2. Do we really need the FED intervening so much?

The bond market works to counter inflation.
Oil prices work to counter an expanding economy
The economy works to counter inflation.
In fact if the FED were not creating trillions of dollars we probably would not need their intervention very often at all. As the world economy expands... the demand for the dollar grows and our dollar would get stronger in absence of FED printing for their members accounts.

If the FED were not creating trillions there would be no systematic inflation at all... (as far as I can tell) because our govt borrows the money they use.

So rather than be on this road to an event.. lets try something new. Neutral Fed in the markets.
No printing trillions. No Selling assets. No raising rates.

 

[RRY16]

once again some of us here at ET lead the news... and I commend Powell and the Fed for listening to its critics and markets.

"So rather than be on this road to an event.. lets try something new. Neutral Fed in the markets.
No printing trillions. No Selling assets. No raising rates"



https://www.breitbart.com/economy/2...-fed-chair-says-central-bank-will-be-patient/


...
Friday’s panel appeared to be designed to reassure markets. Powell had remarks written down on a piece of paper despite the informality of the panel setting. That seemed to indicate that he had chosen his words carefully.

“As always, there is no preset path for policy,” Powell said. “And particularly with muted inflation readings that we’ve seen coming in, we will be patient as we watch to see how the economy evolves.”

Powell also said that the Fed could be flexible on its balance sheet reduction, the unwind of the enormous pile of bonds that it accumulated through its quantitative easing program. Last month, he had desribed the balance sheet reduction as being on “auto pilot.”

How much $ did you make with your call? Or is it just another ego boost for your social media persona?

 

[Cuddles]

once again some of us here at ET lead the news... and I commend Powell and the Fed for listening to its critics and markets.

"So rather than be on this road to an event.. lets try something new. Neutral Fed in the markets.
No printing trillions. No Selling assets. No raising rates"



https://www.breitbart.com/economy/2...-fed-chair-says-central-bank-will-be-patient/


...
Friday’s panel appeared to be designed to reassure markets. Powell had remarks written down on a piece of paper despite the informality of the panel setting. That seemed to indicate that he had chosen his words carefully.

“As always, there is no preset path for policy,” Powell said. “And particularly with muted inflation readings that we’ve seen coming in, we will be patient as we watch to see how the economy evolves.”

Powell also said that the Fed could be flexible on its balance sheet reduction, the unwind of the enormous pile of bonds that it accumulated through its quantitative easing program. Last month, he had desribed the balance sheet reduction as being on “auto pilot.”

Breitard is leading the news now? And I'm supposed to believe you have a graduate degree?

 

[maximumpossiblesuffering]

How much $ did you make with your call? Or is it just another ego boost for your social media persona?

When did you first realize Destriero was your dad?

 

[RRY16]

When did you first realize Destriero was your dad?

You must have gotten a flat tire on your uhaul and ended up in parts unknown. Maybe that chick with a dick your dating can fix it for you.