0.25 interest rate hike

[Stone]

You were taught macroeconomics at a young age? You want to economy to always pay yourself first? That is not even good microeconomic advice, much less macroeconomic advice.

When starting a business, it is best to build equity, rather than trying to get yourself money up front.

I guess you arent smart enuff to understand what pay yourself first actually means. You are one dumb pork eating fake Jew Wally.

 

[Geeko Sportivo]

Central banks are independent from politics, but are central bankers? In other words, does the Fed do more to juice the economy when one party controls the White House than the other?

Well let's take a closer look!

Let's consider the evidence. Rather incredibly, interest rates have fallen over the course of every Republican term and risen over the course of every Democratic term ever since the Fed became independent in 1951, excluding Dwight Eisenhower and Barack Obama, as the chart below shows. That's a hell of a coincidence.

The FRB sure looks like a "conditional inflation hawk" -- that is, it cares about inflation more during Democratic administrations and about helping the incumbent win reelection during Republican administrations. The idea here is central bankers prefer Republican policies, so they aren't quite as vigilant about inflation right before Republican presidents face reelection. In other words, the Fed keeps interest rates lower than they should for Republicans. The numbers seem to bear this out.

And why has Federal Reserve bank, which is a Private Enterprise, always had Republicans as their Federal Reserve Board chairmen and spokesperson for the last 5 decades?

Just askin' for a friend!

 

[evince]

I guess you arent smart enuff to understand what pay yourself first actually means. You are one dumb pork eating fake Jew Wally.

You know nothing dude


You keep refusing all the thoughts of the economic schools as if your personal idiocy over rides all the experts


You are a fool

 

[evince]

Central banks are independent from politics, but are central bankers? In other words, does the Fed do more to juice the economy when one party controls the White House than the other?

Well let's take a closer look!

Let's consider the evidence. Rather incredibly, interest rates have fallen over the course of every Republican term and risen over the course of every Democratic term ever since the Fed became independent in 1951, excluding Dwight Eisenhower and Barack Obama, as the chart below shows. That's a hell of a coincidence.

The FRB sure looks like a "conditional inflation hawk" -- that is, it cares about inflation more during Democratic administrations and about helping the incumbent win reelection during Republican administrations. The idea here is central bankers prefer Republican policies, so they aren't quite as vigilant about inflation right before Republican presidents face reelection. In other words, the Fed keeps interest rates lower than they should for Republicans. The numbers seem to bear this out.

Just askin' for a friend!

You surely have some points here but do remember that it is also the result of Republican economic policy helping to cause a need for action


Powell is a Republican but has all through his career been bipartisan in actions

 

[Stone]

I remember the time Politalker made one of the alltime worst posts Ive ever seen in here. Went a litte something like this........

" Bzzzt bzzzzzzzzzt were going down

All systems CRASHING...

Please PLEASE let the economy crash and burn and take down Trumps chances of winning re election with it"


Then I remember how all the lefties rushed right in to scold her for saying something so terrible. Oh wait,...no,....not a single one of them did.

 

[evince]

I guess you arent smart enuff to understand what pay yourself first actually means. You are one dumb pork eating fake Jew Wally.

Stupid and racist


Your mom must be proud

 

[evince]

I remember the time Politalker made one of the alltime worst posts Ive ever seen in here. Went a litte something like this........

" Bzzzt bzzzzzzzzzt were going down

All systems CRASHING...

Please PLEASE let the economy crash and burn and take down Trumps chances of winning re election with it"


Then I remember how all the lefties rushed right in to scold her for saying something so terrible. Oh wait,...no,....not a single one of them did.

Link

 

[Celticguy]

Raising the rates again simply notes that inflation is still high and not controlled. Pretending this is a good thing is just pretense. The poor are hurt the most by this insanity, and you have idiots (on this very site) who have literally said that you can "just print more money" to get out of it as if they simply do not understand the impact of that on inflation. Inflation is monetary and cannot be separated from that.

Why is it people always ignore Powell's remarks and just look at the number ?
He has pumped the brakes a little this go round but warned that:
a. its NOT over
b. it could require higher rises down the road

The only people this helps are Wall Street types. It hurts everyone else (poorest most of all) as the most likely outcome is to lengthen the duration of high inflation.

Bubbles are bursting everywhere and that's the main reason he pumped the brakes but that also signals the real and painful corrections that will allow inflation to drop as the recession slashes jobs.

 

[Stone]

Link

Go find it yourself lazy bitch. Its there.

 

[evince]

Go find it yourself lazy bitch. Its there.

Thanks for admitting it isn’t true

 

[Stone]

Link

Its a famous post here you imbecile because it was so bad. You saw it too, many times,...we all did. WHY LIE?

 

[Stone]

Thanks for admitting it isn’t true

Care to make a bet on that. Cmon big mouth,.....what do you want to bet?

 

[Geeko Sportivo]

You surely have some points here but do remember that it is also the result of Republican economic policy helping to cause a need for action


Powell is a Republican but has all through his career been bipartisan in actions

I worked at FRB Dallas 1970 - 1980, and witnessed first hand how The Fed raised the interest rates all through the Jimmy Carter years, BUT SWITCHED GEARS IMMEDIATELY AFTER RONALD REAGAN'S WIN- and lowered them all through his presidency.

Another coincidence? A Change in strategy? OR JUST PURE SAME OLD NASTY POLITICS TO MAKE A DEMOCRAT PRESIDENT LOOK BAD?

 

[LV426]

The imbalance of workers willing to work for the prevailing wages and compensations is a type of imbalance

If you say so, but that seems to be a balance that was already struck.

There is no economic reason to raise interest rates now.

 

[zymurgy]

Central banks are independent from politics, but are central bankers? In other words, does the Fed do more to juice the economy when one party controls the White House than the other?

Does it matter? If the system is prone to abuse - it is prone to abuse. We will never be a one party system

 

[evince]

https://www.investopedia.com/terms/g/goldilockseconomy.asp


The Goldilocks economy

 

[evince]

Understanding a Goldilocks Economy
Although there is some debate among economists as to the exact characteristics of a Goldilocks economy, it's safe to say there should be a balance between growth, employment, and inflation. The ideal conditions are typically characterized by:


Low unemployment: A low unemployment rate, most commonly known as the U3 rate, defines the number of people willing and able to work but unable to find gainful employment, and who have sought work in the past four weeks. The U.S. Federal Reserve (The Fed) estimates a normal rate to fall somewhere between 5% and 6.7%.
1
Asset price inflation: An increase in the prices of stocks, derivatives, bonds, real estate, and other assets will earmark a Goldilocks economy. This increase is difficult to see when using broader measures that gauge real economic growth.
Low market interest rates: These rates are the percentage of a dollar amount that a lender will charge a borrower when they lend money. Market interest rates have a basis on the overnight rate set by the Fed, which dictates the rate banks charge to lend to one another.
2
Low inflation as measured by the quantitative-based—based on a number—consumer price index (CPI) and the producer price index (PPI) also identifies this golden economic state. Inflation describes the purchasing power of a nation's money.

 

[zymurgy]

I worked at FRB Dallas 1970 - 1980, and witnessed first hand how The Fed raised the interest rates all through the Jimmy Carter years, BUT SWITCHED GEARS IMMEDIATELY AFTER RONALD REAGAN'S WIN- and lowered them all through his presidency.

Another coincidence? A Change in strategy? OR JUST PURE SAME OLD NASTY POLITICS TO MAKE A DEMOCRAT PRESIDENT LOOK BAD?

interest rates are public. we all see them. your vanity about working at FRB is just that. vanity. Had no bearing on anything but feeding your own ego.

The 70's were a volatile time. The world called us out on our reckless spending and the entire system started anew. The 70's were much like covid of late - nobody was sure how to handle things as it was all novel.

 

[evince]

If you say so, but that seems to be a balance that was already struck.

There is no economic reason to raise interest rates now.

Economy wise it’s an imbalance


Worker supply is too low


It’s not a problem if the people don’t need jobs and have other means to make their lives happy human wise


But in speaking of an economy it is an imbalance


For an economy to hummm along it needs willing workers

 

[evince]

I worked at FRB Dallas 1970 - 1980, and witnessed first hand how The Fed raised the interest rates all through the Jimmy Carter years, BUT SWITCHED GEARS IMMEDIATELY AFTER RONALD REAGAN'S WIN- and lowered them all through his presidency.

Another coincidence? A Change in strategy? OR JUST PURE SAME OLD NASTY POLITICS TO MAKE A DEMOCRAT PRESIDENT LOOK BAD?

Yes you are correct that they demonized Carter


That Republican Party was very scummy


I agree