“What you do speaks so loudly that I cannot hear what you say.” ~Ralph Waldo Emerson If Powell & the sycophants on Fed want the markets to listen, then Fed should have already increased rates, not talked about it. Likely only the people sitting on their rear ends, as members of Fed, are in total agreement of economic conditions, & appropriate interest rates. All other economists are willing to debate the data. Time to eliminate the Fed.
The giant problem for the FED is dealing with $31 Trillion of direct debt (General Obligations of the U.S. Government). This situation came from Congress, not the FED. That's the law. If any people here are struggling with staying profitable in this very bearish environment, watch youtubes with independent thinkers. like this guy, an organic Chem Prof at Cornell, who also trades the stock market.
That must be the solution, taking our cues from random YouTubers who have zero training nor experience of economics, never exposed themselves to professional market participants, never worked at a financial institution. I put billion times more worth into the clout of fed members than all the other talking heads that are now all equipped with magaphones so their screams and unqualified ideas are better heard by everyone.
Is this a post from 12 months ago? Have you been sleeping? The economic condition is tight labor markets and sky high inflation. As we speak we are raped on a daily basis by incredible corporate greed and graft, never before seen. Thank you fed for making money again worth something and putting a lid on current untenable equity valuations. I am fully positioned for another 50% equity market sell-off over the next 2 years.
%% EXACTLY. Sounds like Mr Powell has more backbone than most all of Congress\ S&P has already downgraded USa debt once ;\ the good news is Mr Powell told the truth, for sure\ USa debt is not sustainable. Like R Waldo Emerson said ''When it gets dark enough you can see stars
The FED is trading on insider information. And seems many in Congress are as well. (For anybody who is not sure, this is totally illegal outside of the FED or Congress) And they probably have massive pensions, same as Congress. Unlike us, the "unwashed masses". Why would you ever think they are trustworthy?
Dumb nut. Read some basics about how institutions work, you conflate everything and seem to have zero clue how the Fed operates.
Told the truth? He kept printing money when inflation signs were clear. Lying also occurs via omission.