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Thread: Fed Chair Powell Indicates No Shift in Monetary Policy

  1. #1

    Fed Chair Powell Indicates No Shift in Monetary Policy

    Fed Chair repeats patience and data dependency stance in Senate Testimony.

    https://smaulgld.com/fed-chair-powell-indicates-no-shift-in-monetary-policy/


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  3. #2
    So, not that I have any love or hate for Trump, but basically their Economic Policy is pretty much just to make him look as bad as possible?
    1776 > 1984

    The FAILURE of the United States Government to operate and maintain an
    Honest Money System , which frees the ordinary man from the clutches of the money manipulators, is the single largest contributing factor to the World's current Economic Crisis.

    The Elimination of Privacy is the Architecture of Genocide

    Belief, Money, and Violence are the three ways all people are controlled

    Quote Originally Posted by Zippyjuan View Post
    Our central bank is not privately owned.

  4. #3
    Quote Originally Posted by DamianTV View Post
    So, not that I have any love or hate for Trump, but basically their Economic Policy is pretty much just to make him look as bad as possible?
    Trump wanted higher interest rates when Obama was President and called the stock market figures "fake news". Now he wants the Fed to lower rates and brags about the stock market. People on this forum were critical of near zero interest rates and also now criticize that rates are rising.

    http://nymag.com/intelligencer/2018/...supported.html

    “The Fed’s reckless monetary policies will cause problems in the years to come,” Trump tweeted in 2011. “The Fed has to be reined in or we will soon be Greece,” referring to the European nation’s debt crisis that forced bailouts by euro-zone countries and the International Monetary Fund.
    [H]e told CNBC that Yellen should be “ashamed” of the low-interest-rate policy that Trump himself endorsed so fully in May. “She is obviously political, and she’s doing what Obama wants her to do,” he said. Once again, Trump made the claim that there was a secret Obama-Yellen pact to keep rates low, rooted in their nefarious desire to prevent an economic crisis.
    He wants the Fed to do what Trump wants the Fed to do. When he does it, great. When somebody else does it, it is bad.


    Donald Trump: 'What you're seeing and what you're reading is not what's happening'

    "Truth isn't truth"- Rudy Giuliani

    "China has total respect for Donald Trump and for Donald Trump's very, very large brain," - Donald Trump.

    "Yeah, I have to say these guys(trolls) are pretty sharp. Sort of good to get a challenge and sharpen your thoughts." NorthCarolinaLiberty

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