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(ABC News)   Fed set to impose smaller hike, maybe just walk around the block once instead   (abcnews.go.com) divider line
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    More: Interesting, Unemployment, Economy, Economist, Government, Interest rate, Inflation, Finance, Federal Reserve System  
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302 clicks; posted to Business » on 30 Jan 2023 at 4:22 PM (8 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



9 Comments     (+0 »)
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Scorpitron is reduced to a thin red paste
2023-01-30 3:36:11 PM  
The Fed: please, baby, please, just one more fix! just one little one, I promise I'll suck anything you want!
 
DannyBrandt [TotalFark]
2023-01-30 3:45:49 PM  
"Well, all of the statistical models showed that we should be in a recession right now. But, somehow we aren't. So, my advice to the council is we take the necessary steps to adhere to the predictive trends and do whatever is necessary to guarantee the recession we've been promising for the last two years. All in favor?"
 
Karma Chameleon
2023-01-30 4:44:19 PM  
Maybe Biden shouldn't have left a republican picked by trump in charge of the economy
 
Rapmaster2000
2023-01-30 4:50:16 PM  

Karma Chameleon: Maybe Biden shouldn't have left a republican picked by trump in charge of the economy


Rookie mistake.

Powell is a dove.  He was identical in philosophy to Yellen.  There was no reason for Trump to change to Powell other than he had to have his guy in charge (and it had to be a guy).  Yellen supports everything Powell is doing.

Trump, if you recall, wanted rates as low as possible.  He wanted negative rates.  https://www.reuters.com/article/us-usa-fed-trump-rates/trump-still-wants-negative-interest-rates-but-says-fed-chair-has-improved-idUSKBN22P38I

If Trump was president, he'd be screaming for lower rates.  Trump is massively in debt.  There's nothing he wants more than for the Fed to put rates to zero and let inflation eliminate his debts.

Telling me that the problem with  Powell is that he's Trump's guy reveals a complete misunderstanding of Powell, the Fed, and Trump.
 
DaMannimal
2023-01-30 5:14:48 PM  

DannyBrandt: "Well, all of the statistical models showed that we should be in a recession right now. But, somehow we aren't. So, my advice to the council is we take the necessary steps to adhere to the predictive trends and do whatever is necessary to guarantee the recession we've been promising for the last two years. All in favor?"


What are you talking about?  Recession isn't predicted until the end of year based on yield curves and feds on unemployment projection.  These things take time.

This is the part of the market cycle that represents complacency before the dump.
 
Bith Set Me Up
2023-01-30 5:49:01 PM  
Fark user imageView Full Size
 
srgrobe [TotalFark]
2023-01-30 5:52:58 PM  
Interest rate policy easily distilled to what juan orange man wants. Man you guys are next level
 
rzrwiresunrise
2023-01-30 7:49:30 PM  
Nothing like watching a plumber try to fix the wiring to help the landscapers dig a hole.
 
SoundOfOneHandWanking [TotalFark] [OhFark]
2023-01-31 12:06:28 PM  
They know it takes months for the full effects to take place, so we'll just wait a week and if nothing happens, we'll raise rates again.

farking assholes.

again, greenspan did this in the '90s.  its no surprise
 
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