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(Bloomberg)   With a calm, soothing voice, Janet Yellen reassures investors nervous over the latest rate hike   ( bloomberg.com) divider line
    More: Followup, Federal Reserve System, Fed, Fed policy makers, central bank, Fed officials, rate hike, percent, Yellen  
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329 clicks; posted to Business » on 16 Mar 2017 at 4:36 PM (30 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



12 Comments     (+0 »)
 
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2017-03-16 01:23:52 PM  
The simple message is the economy's doing well. We have confidence in the robustness of the economy and its resilience to shocks
The Fed has even less of a clue than usual as to what is going to happen in the near future. The Trump budget would radically change the picture (for the worse), and nobody knows how much of it will pass.

"There is great uncertainty about the timing, the size and the character of policy changes that may be put in place," Yellen said. "I don't think that's a decision or set of decisions that we need to make until we know more about what policy changes will go into effect."

In other words, she doesn't want anybody to panic, despite the fact that there might well be reason to do so.
 
2017-03-16 03:23:40 PM  

draypresct: The Trump budget would radically change the picture (for the worse), and nobody knows how much of it will pass.


Many do not appreicate how much government money lubricates the economic gears. You want to cut, fine, but you need to be aware of how that will play out. We have  a new POTUS and cabinet who are profoundly unaware of how government works so pardon me if I'm more than a little nervous.
 
2017-03-16 03:29:26 PM  

edmo: draypresct: The Trump budget would radically change the picture (for the worse), and nobody knows how much of it will pass.

Many do not appreicate how much government money lubricates the economic gears. You want to cut, fine, but you need to be aware of how that will play out. We have  a new POTUS and cabinet who are profoundly unaware of how government works so pardon me if I'm more than a little nervous.


The government just wastes the tax money, it doesn't actually put it back into the economy.
 
2017-03-16 04:41:38 PM  

EvilEgg: edmo: draypresct: The Trump budget would radically change the picture (for the worse), and nobody knows how much of it will pass.

Many do not appreicate how much government money lubricates the economic gears. You want to cut, fine, but you need to be aware of how that will play out. We have  a new POTUS and cabinet who are profoundly unaware of how government works so pardon me if I'm more than a little nervous.

The government just wastes the tax money, it doesn't actually put it back into the economy.


Yup, there's a giant money toilet out there, money just washes away with no trace of it left anywhere.
 
2017-03-16 04:44:54 PM  
We need to raise the rates now, because things are as good as they're going to get.  Things are going to go to hell, and we're going to need to be able to cut them again.
 
2017-03-16 04:45:34 PM  
Right, because the threat of deficit spending and blowing the federal debt through the roof to build battleships shouldn't scare anyone.
 
2017-03-16 04:58:41 PM  
eh her job is to take away the punch bowl right when the party is really getting started. She'll always be boo'd and have to be the grown up in the room
 
2017-03-16 05:01:34 PM  

Krieghund: We need to raise the rates now, because things are as good as they're going to get.  Things are going to go to hell, and we're going to need to be able to cut them again.


yeah we need some padding, if that-which-can't-be-named happens and interest rates are already close to zero there's no easy way out. I would think they'd want to get rates up even faster than usual to gain some room in case they need to be lowered back down in the future.
 
2017-03-16 05:02:27 PM  

wax_on: EvilEgg: edmo: draypresct: The Trump budget would radically change the picture (for the worse), and nobody knows how much of it will pass.

Many do not appreicate how much government money lubricates the economic gears. You want to cut, fine, but you need to be aware of how that will play out. We have  a new POTUS and cabinet who are profoundly unaware of how government works so pardon me if I'm more than a little nervous.

The government just wastes the tax money, it doesn't actually put it back into the economy.

Yup, there's a giant money toilet out there, money just washes away with no trace of it left anywhere.


Unlike the money that comes from giving tax cuts to the rich, which trickles down all over the lower classes.  Government money doesn't do anything at all.  No jobs, no improvements, no research, it is all wasted.
 
2017-03-16 08:27:39 PM  
"Don't worry about the upcoming budget proposal that will put a million, well paid middle class government employees out of work and at least another million who used to serve them coffee and bag their groceries.   After all, what harm could come from suddenly boosting unemployment by 2% and pulling billions out of the economy?"
 
2017-03-16 10:17:07 PM  

Vaginosilicosis: "Don't worry about the upcoming budget proposal that will put a million, well paid middle class government employees out of work and at least another million who used to serve them coffee and bag their groceries.   After all, what harm could come from suddenly boosting unemployment by 2% and pulling billions out of the economy?"


Not to mention the Smoot-Hawley Act II: Electric Boogaloo. Nothing bad ever happened from having a world wide trade war during uncertain economic times.
 
2017-03-16 10:38:27 PM  

wax_on: EvilEgg: edmo: draypresct: The Trump budget would radically change the picture (for the worse), and nobody knows how much of it will pass.

Many do not appreicate how much government money lubricates the economic gears. You want to cut, fine, but you need to be aware of how that will play out. We have  a new POTUS and cabinet who are profoundly unaware of how government works so pardon me if I'm more than a little nervous.

The government just wastes the tax money, it doesn't actually put it back into the economy.

Yup, there's a giant money toilet out there, money just washes away with no trace of it left anywhere.


Having worked as a government contractor since 2009, I can assure you that is precisely the case. When I worked for NASA and the Naval Research Lab, yes, the taxpayers got a good return on their money. Since then I've had to work for various military industrial complex Beltway Bandits and I can tell you truthfully that the vast majority of the money has gone into the pockets of suits whose only talent is slicked back hair and making pretty ,but meaningless, power points.

/Get an email once a week from the CEO about 'increasing shareholder value'. Sorry, the only reason I show up to work is so I can pay my bills. Screw the parasites.
//Ex-soldier boys think they're still defending their country, some of them. If I was double dipping from a pension I might think that too.
///Yes, they could be shipped out and killed at any time. I sort of admire that, although only a small fraction were ever in the slightest danger.  I live(d) in near-poverty for two decades, no free housing, food, or healthcare for my kids, just the three jobs I work to make ends meet.
 
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