The problem that I see with the Federal Reserve is: Why does it need to exist? Why should interest rates be set by a committee of however many dweezers there are in the FOMC? Government bonds should be issued with a stated rate, but there should not be a rule that this rate is the market rate. If they don't get enough buyers at the stated rate, then the price drops (and the market rate increases) until they clear. Who needs a committee of "experts" to set a rate of interest?
Coming from business where he could fire those that didn't perform, it becomes a different kettle of fish to remove government people. He and his staff have to rely on recommendations which don't always have the same playbook or concepts of loyalty. Think about Fauci and Birx. Yeesh! But Trump has been through trial by fire like few other Presidents. I think (hope) when he is back in office it will be very different. (If there even is a next election at the rate things are going).
I can't believe the people in the Fed are this stupid. The only possible explanation that works for me is that it is all planned to take down our country just as the leaders of most the western countries are doing the same things
I disagree, Peter! Interest Rates were obscenely low, depriving the elderly of a stable rate of returns on their savings, and diminishing the savings rate at the same time.
Meanwhile, present day robber barons (Black Rock) can borrow at near zero cost, but single-family houses for cash, pricing families out of the market, then rent to the same families at exaggerated rates.
That's just one example. The ECB uses the same facility to borrow from the Fed, prop up their own economies, while undermining America's!
You sound like a globalist, not a patriotic America First supporter, Peter! You should KNOW better!!
I’m not sure Powell is the problem. Could we have kept interest rates low? Given all the money the government printed including under Trump, when they closed the country for “two weeks” how could Powell not raise rates.
Also you could argue making the US more attractive financially moves money from the EU and other places to America.
I’m still not sure if Powell is a genius or the tool to crash the US and world economy.
The problem that I see with the Federal Reserve is: Why does it need to exist? Why should interest rates be set by a committee of however many dweezers there are in the FOMC? Government bonds should be issued with a stated rate, but there should not be a rule that this rate is the market rate. If they don't get enough buyers at the stated rate, then the price drops (and the market rate increases) until they clear. Who needs a committee of "experts" to set a rate of interest?
Personnel is Trump’s Achilles heel.
Coming from business where he could fire those that didn't perform, it becomes a different kettle of fish to remove government people. He and his staff have to rely on recommendations which don't always have the same playbook or concepts of loyalty. Think about Fauci and Birx. Yeesh! But Trump has been through trial by fire like few other Presidents. I think (hope) when he is back in office it will be very different. (If there even is a next election at the rate things are going).
Yep and the demos playbook now is to get their voters participation is threaten Trump's supposed vengeance mayhem.
WE THE PEOPLE WARRIORS OF CHRIST UNITE WITH LIKE MINDED BROTHERS AND SISTERS AGAINST ALL TREASONOUS ETC.,,,,EVILS WE CAN DO THIS
I can't believe the people in the Fed are this stupid. The only possible explanation that works for me is that it is all planned to take down our country just as the leaders of most the western countries are doing the same things
I disagree, Peter! Interest Rates were obscenely low, depriving the elderly of a stable rate of returns on their savings, and diminishing the savings rate at the same time.
Meanwhile, present day robber barons (Black Rock) can borrow at near zero cost, but single-family houses for cash, pricing families out of the market, then rent to the same families at exaggerated rates.
That's just one example. The ECB uses the same facility to borrow from the Fed, prop up their own economies, while undermining America's!
You sound like a globalist, not a patriotic America First supporter, Peter! You should KNOW better!!
I’m not sure Powell is the problem. Could we have kept interest rates low? Given all the money the government printed including under Trump, when they closed the country for “two weeks” how could Powell not raise rates.
Also you could argue making the US more attractive financially moves money from the EU and other places to America.
I’m still not sure if Powell is a genius or the tool to crash the US and world economy.
Thank you