Thank you for all your sacrifices and service for our country Peter. May I please add this to your writing about the Federal Reserve and I apologize if it is not appropriate to add to your comment screen: THOMAS JEFFERSON: "A private Central Bank issuing the public currency is a greater menace to the liberties of the people than a standing army."... "We must not let our rulers load us with perpetual debt." It was President ANDREW JACKSON who prophesized: "Is there no danger to our liberty and independence in a bank that in it's nature has so little to bind it to our country?... [Is there not] cause to tremble for the purity of our elections in peace and for the independence of our country in war?... Controlling our currency, receiving our public moneys, and holding thousands of our citizens in dependance, it would be more formidable and dangerous than a naval and military power of the enemy." Early in our history, our government owned the banks. But, for quite some time now, the banks (mainly Central Banks) own the Government. Yes, you can add the BIG money global ELITES (fundamentally Marxists). We have been saying "ENOUGH IS ENOUGH" to the corruption, to the Deep State/Establishment criminal enterprise still controlling much of Washington, to the LEFTISTS major media, to our LEFTIST/MARXIST Democrat controlled major cities. I have been saying, yelling, screaming, for years now: "ENOUGH IS ENOUGH OF THIS ANTI-CONSTITUTIONAL FEDERAL RESERVE PRIVATE CENTRAL BANK !!!" Last note: In my opinion, the Federal Reserve is the GREATEST corrupting force in our country. A private powerful entity that can print money at will at the tax payers expense, at the country's expense, to be used and channeled where they see fit, through their own power brokers that have no loyalty to America or her citizens.
Trump named Powell and he remains solid. The role of a central bank is important in a democracy. Powell is standing up to a bully with all the wrong ideas on economics. Keep it up Jerome!
Ah, nothing like a nuanced technical post from those in a position of power.
Why is there no mention if the impact this may have on savers, via inflation? You could chose to make the argument high interest rates are actually inflationary, but not even mentioning the issue is dishonest.
Why is there no mention of the fact that the market sets long term interest rates, not the Fed? Have you thought about what may happen to long term interest rates if the market percieves the independence of the Fed is at stake? What will you do to reassure bond holders?
Why is there no mention of the moral hazard this creates for those in government, knowing there’s no need to ever balance the books?
You guys are completely off your rocker. US is running deficits of 7%, unheard of ex large wars/ recessions. To add to this you guys impose a massive regressive tax that's guaranteed to drive up inflation (guess what US' own data shows we're already paying north of 350bn / year in import taxes to the govt). Now you guys are arguing to lower rates for the full emerging market banana republic trifecta. Inflation is going to absolutely explode and Americans will suffer under your idiotic policies.
Powell is a great man. Would you rather trust Mango Man to set interest rates so he can grift millions for his own accounts. Put one of Drumpfhs lackeys in the position and it will destroy the economy. I think Peter would like the job but he is not at all qualified. Have a nice day.
It seems there is a somewhat complex relationship between interest rates overall and the much narrower Fed Funds rate. At some point, it would seem, the "real economy" breaks away from the Fed incentives... but that is mitigated by the results of the Fed acting on the banks with incentives/disincentives. Maybe you could explore that connection in more detail.
Get rid of Powell, then get rid of the Fed.
Powell is a “Great Man”? Source please. End the Effing FED, it’s Unconstitutional and downright Immoral. Have a great day.
Abolish the FED.
I thought the goal for the Fed was to take down America from within.
FIRE HIM NOW
Thank you for all your sacrifices and service for our country Peter. May I please add this to your writing about the Federal Reserve and I apologize if it is not appropriate to add to your comment screen: THOMAS JEFFERSON: "A private Central Bank issuing the public currency is a greater menace to the liberties of the people than a standing army."... "We must not let our rulers load us with perpetual debt." It was President ANDREW JACKSON who prophesized: "Is there no danger to our liberty and independence in a bank that in it's nature has so little to bind it to our country?... [Is there not] cause to tremble for the purity of our elections in peace and for the independence of our country in war?... Controlling our currency, receiving our public moneys, and holding thousands of our citizens in dependance, it would be more formidable and dangerous than a naval and military power of the enemy." Early in our history, our government owned the banks. But, for quite some time now, the banks (mainly Central Banks) own the Government. Yes, you can add the BIG money global ELITES (fundamentally Marxists). We have been saying "ENOUGH IS ENOUGH" to the corruption, to the Deep State/Establishment criminal enterprise still controlling much of Washington, to the LEFTISTS major media, to our LEFTIST/MARXIST Democrat controlled major cities. I have been saying, yelling, screaming, for years now: "ENOUGH IS ENOUGH OF THIS ANTI-CONSTITUTIONAL FEDERAL RESERVE PRIVATE CENTRAL BANK !!!" Last note: In my opinion, the Federal Reserve is the GREATEST corrupting force in our country. A private powerful entity that can print money at will at the tax payers expense, at the country's expense, to be used and channeled where they see fit, through their own power brokers that have no loyalty to America or her citizens.
Spot on!
Defund the Fed, it’s a scam and illegal
Turd
86TDSPOWELL
We know they are evil. It’s time to deal with it directly…
The fed needs to be abolished
Trump named Powell and he remains solid. The role of a central bank is important in a democracy. Powell is standing up to a bully with all the wrong ideas on economics. Keep it up Jerome!
Ah, nothing like a nuanced technical post from those in a position of power.
Why is there no mention if the impact this may have on savers, via inflation? You could chose to make the argument high interest rates are actually inflationary, but not even mentioning the issue is dishonest.
Why is there no mention of the fact that the market sets long term interest rates, not the Fed? Have you thought about what may happen to long term interest rates if the market percieves the independence of the Fed is at stake? What will you do to reassure bond holders?
Why is there no mention of the moral hazard this creates for those in government, knowing there’s no need to ever balance the books?
The American people deserve better than you.
You guys are completely off your rocker. US is running deficits of 7%, unheard of ex large wars/ recessions. To add to this you guys impose a massive regressive tax that's guaranteed to drive up inflation (guess what US' own data shows we're already paying north of 350bn / year in import taxes to the govt). Now you guys are arguing to lower rates for the full emerging market banana republic trifecta. Inflation is going to absolutely explode and Americans will suffer under your idiotic policies.
Powell is a great man. Would you rather trust Mango Man to set interest rates so he can grift millions for his own accounts. Put one of Drumpfhs lackeys in the position and it will destroy the economy. I think Peter would like the job but he is not at all qualified. Have a nice day.
I enjoy your posts more in Russian. Желаю хорошего дня!
It seems there is a somewhat complex relationship between interest rates overall and the much narrower Fed Funds rate. At some point, it would seem, the "real economy" breaks away from the Fed incentives... but that is mitigated by the results of the Fed acting on the banks with incentives/disincentives. Maybe you could explore that connection in more detail.