Theywillneverlearn!
Verified User
That is incorrect. This is all Biden and the democrats fault. That clueless idiot and party in general caused this.
Mortgage rates drop as inflation drops
- Thread starter evince
- Start date
That is incorrect. This is all Biden and the democrats fault. That clueless idiot and party in general caused this.
For the dumb fucks like Desh......
"By raising its benchmark federal funds rate — the interest rate at which banks borrow and lend to one another — the Fed increases the cost of borrowing for consumers, which, in turn, can cool down inflation.Nov 2, 2022"
https://www.cnbc.com/2022/11/02/fed...nchmark federal,turn, can cool down inflation.
The Biden plan
"By raising its benchmark federal funds rate — the interest rate at which banks borrow and lend to one another — the Fed increases the cost of borrowing for consumers, which, in turn, can cool down inflation.Nov 2, 2022"
https://www.cnbc.com/2022/11/02/fed...nchmark federal,turn, can cool down inflation.
The Biden plan
Althea
Althea told me...
They didn't start when trump's inflation began. For some reason, Powell seems to be afraid of trump. He reduced rates to zero. Now rates are what they should be.
I'm loving it.
Clearly this discussion is way above your pay grade
Althea
Althea told me...
Sailor, Sailor, Sailor...you're much better than this.
Stop pretending to be a moron.
evince
Truthmatters
But you can’t outline the how of your claim
Because you have no idea about any economic theory
evince
Truthmatters
He is not pretending
evince
Truthmatters
The Consumer Price Index rose in October at a slower pace than expected. As a result, bond yields dropped sharply, and mortgage rates followed, as they follow loosely the yield on the 10-year Treasury.
You do understand the Feds authority is independent of the Government or even the President right?
So why did you blame Biden for the inflation? You can't have it both ways Stoney.
evince
Truthmatters
https://www.investopedia.com/ask/answers/012715/who-sets-fiscal-policy-president-or-congress.asp
KEY TAKEAWAYS
In the United States, fiscal policy is directed by both the executive and legislative branches of the government.
In the executive branch, the President and the Secretary of the Treasury, often with economic advisers' counsel, direct fiscal policies.
In the legislative branch, the U.S. Congress passes laws and appropriates spending for any fiscal policy measures.
The judicial branch of the government can impact fiscal policy by legitimizing, amending, or declaring unconstitutional certain measures taken by the executive or legislative branches.
Contractionary fiscal policy increases taxation and reduces government spending when the economy overheats while expansionary fiscal policy does the opposite during periods of slowdown.
KEY TAKEAWAYS
In the United States, fiscal policy is directed by both the executive and legislative branches of the government.
In the executive branch, the President and the Secretary of the Treasury, often with economic advisers' counsel, direct fiscal policies.
In the legislative branch, the U.S. Congress passes laws and appropriates spending for any fiscal policy measures.
The judicial branch of the government can impact fiscal policy by legitimizing, amending, or declaring unconstitutional certain measures taken by the executive or legislative branches.
Contractionary fiscal policy increases taxation and reduces government spending when the economy overheats while expansionary fiscal policy does the opposite during periods of slowdown.
evince
Truthmatters
He’s not too sharp or honest
There were many overreactions to inflation. Mortgage rates was one of those. The market sell-off was another. The fundamentals of the economy are strong, and it may be possible to have at worst a mild recession. The sky was falling, and now it isn't. Color me shocked.
evince
Truthmatters
Wrong fucking idiot russian
Oh really.
"Why is the Federal Reserve independent from the government?
The primary justification for an independent Federal Reserve is the need to insulate it from short-term political pressures. Without a degree of autonomy, the Fed could be influenced by election-focused politicians into enacting an excessively expansionary monetary policy to lower unemployment in the short term."
https://www.investopedia.com/articl...ication for an,unemployment in the short term.
Yes! Daddy wants a new house!
You kiss your dog's anus with that mouth?
Lurch,...Shes on your team So Im asking you to intervene. Will you tell this fucking idiot old sow that the FED IS IN FACT independent ? Thanks...
evince
Truthmatters
From your link
But the Fed is also a quasi-governmental agency with a board of governors selected by the President and approved by Congress.
The president picks the people who then set the policy idiot
He picks people who agree with his way to manage the economy