He tightened the bond market into a worldwide recession! How much of a fool can you be ? Talking about 2 rate hikes in 2019... Your cutting rates by end 2019! This started the recession, imagine the decline of oil and commodities now, emerging markets... Europe stocks and Japan stocks are gonna get obliterated
Watching him give his speech and I quote " We have reached the neutral rate and going forward we will be more data inclined " This is a setup! Icahn and other snakes who knew insider information in advance made the plays ahead of time... How can oil decline 29 % from October and have the audacity to say inflation warrants a tightening, his speech is a scam, he's getting grilled about how raising rates is beneficial and what warranted the raise by the reporters and hes choking
Let the cycle run its natural course... Why obliterate it, only to fix/adjust it within a year, its gonna be QE again by early 2020, hes choking hard and cannot even give a clear answer besides his inflation crap which has been destroyed by many people in the economy world, its way below there 2 %, and overall economic growth, let the cycle run itself, why tightening of bond market ? The logic behind the raise does not make sense when you take numbers into figure, so whats the logic behind the decision if data isn't it ?
Since when has the Fed EVER done that? We're in this hot mess because the Fed never lets things play out as they naturally would. The real problem isn't with Powell's Fed... it's with the Bernanke and Yellen years of ZIRP and the troubles that spawned. I think Powell is "stockpililng some ammo" for the next down turn while he still can. IOW... better to take some medicine now or suffer much worse later.
Everybody needs to take a sip of water and breathe... We've got near record-high job openings in this country... Manufacturing data shows the US is still very much in an expansion... GDP forecasts of 2.5-3.0% growth in 2019 are well above what we had for most of Obama's tenure.... The Fed just hiked to 2.50%....2.50%!...still extremely low based on historical standards. Also, let's not forget - the Fed has been hiking for 2 years now and the global economy was humming along just fine....all of a sudden a certain someone started badgering China and the EU on trade and since then global confidence has suffered, and markets have fallen. Brexit nonsense and our president's constant legal troubles in the news don't help things much either. People need to relax. Let Brexit get sorted out, and get some resolution with China on trade and people are going to feel much more confident. The Fed is not causing these problems.
Powell is forced to play catch up. They should have been raising rates a long time ago. When is the last time we had a "healthy" recession?