Well, Well, Well: distinctly odd. Those holding small-scale community-banker seats on the Board of Governors are rarely the interest-rate hawk fringe outliers on the FOMC. The lived experience of...
The political stance of the Republican party is, "Nice country you got there. It'd be a shame if something were to happen it. Maybe you should just hand it over to us. We'd take better care of it."
More charitably: 'Businessmen—and we do mean 'men'—like us better, feel less afraid, and will treat you better if we're in power, and thereʼs no way of changing that.'
It's as simple as 'Noöne can stop him from hitting you or will punish him for it, so just try not to do the things that will "make him" hit you", doesnʼt that just make sense?'.
It's not as if there were any sort of alternative—see: 'The Bolsheviks ruined everything forever.'.
The benefits of a right wing job in government is the tip you receive after service has been delivered. Follow the money and you find the persons heart, mind and soul.
Seems like she is batting for Team Trump. Keep interesty rates high, make the economy perform less well to damage Team Harris. If Trump wins, he can be sure that the Fed will reduce interest rates and he looks like a "hero". If so, then the Judiciary and the Fed is populated by members with political aims rather than unbiased actors. The institutions are failing in front of our eyes.
It must have been a tough decision for Powell to make.
I like the higher interest rates I get for my savings, but I could give it up based on my own personal experiences. Certain persons look for high interest rates only, and move their money around a lot, so bankers may not like that either, because higher interest interest rates does not bring about a stable source of loan money. They are already shopping around for CD rates, they are in the mind state of that interest rates are going down.
The younger generation may be the first to do financially worse than their parents . Based on birth and death statistics our population may be shrinking and we should prepare for possible deflation, in which case Powell made that decision so that we can have lower interest rates for our younger generation for schooling, transportation, housing loans, business loans.
Not sure what rates for those uses are. We paid 4.5% for a house loan in 2019. The going rate for personal business loans is 2.5%, and that is still too high.
I think that woman looks way too happy, and wears pearl jewelry, which is a warning sign for me.
Unlike some—for example, a strawman invented for this sentence—I don't hold that Volker single-handedly elected Reagan (and so helped the rot set in)—Carter's failing to do an ultra-macho and very stupid hostage-rescue mission early-on that would have resulted in their deaths and an hot war with Iran had more to do with it, and the oil-shock, and then the failure of the better-thought-out rescue later, and then the Reagan operatives' back-channel to Iran promising better treatment if Iran's state wouldn't release them for Carter—but he didn't help matters.
Are rates rises even appropriate to inflation caused by a massive increase in energy costs?
'Could' is the operative word. Uncoyly: there is the strong implication that a Trump-loyalist were acting not in fulfilment of their mandated duty but rather in such a way as to improve Mr Trump's odds of reëlection.
The political stance of the Republican party is, "Nice country you got there. It'd be a shame if something were to happen it. Maybe you should just hand it over to us. We'd take better care of it."
More charitably: 'Businessmen—and we do mean 'men'—like us better, feel less afraid, and will treat you better if we're in power, and thereʼs no way of changing that.'
It's as simple as 'Noöne can stop him from hitting you or will punish him for it, so just try not to do the things that will "make him" hit you", doesnʼt that just make sense?'.
It's not as if there were any sort of alternative—see: 'The Bolsheviks ruined everything forever.'.
The benefits of a right wing job in government is the tip you receive after service has been delivered. Follow the money and you find the persons heart, mind and soul.
There's also the satisfaction of having long argued that government can do no good¹ and now having the chance to make _sure_ of it.
¹ (except, of course, justly binding those who are not protected whilst protecting the ones justly not bound)
Seems like she is batting for Team Trump. Keep interesty rates high, make the economy perform less well to damage Team Harris. If Trump wins, he can be sure that the Fed will reduce interest rates and he looks like a "hero". If so, then the Judiciary and the Fed is populated by members with political aims rather than unbiased actors. The institutions are failing in front of our eyes.
It must have been a tough decision for Powell to make.
I like the higher interest rates I get for my savings, but I could give it up based on my own personal experiences. Certain persons look for high interest rates only, and move their money around a lot, so bankers may not like that either, because higher interest interest rates does not bring about a stable source of loan money. They are already shopping around for CD rates, they are in the mind state of that interest rates are going down.
The younger generation may be the first to do financially worse than their parents . Based on birth and death statistics our population may be shrinking and we should prepare for possible deflation, in which case Powell made that decision so that we can have lower interest rates for our younger generation for schooling, transportation, housing loans, business loans.
Not sure what rates for those uses are. We paid 4.5% for a house loan in 2019. The going rate for personal business loans is 2.5%, and that is still too high.
I think that woman looks way too happy, and wears pearl jewelry, which is a warning sign for me.
It is our big, big misfortune that Peter Diamond isn't on that Board instead.
Unlike some—for example, a strawman invented for this sentence—I don't hold that Volker single-handedly elected Reagan (and so helped the rot set in)—Carter's failing to do an ultra-macho and very stupid hostage-rescue mission early-on that would have resulted in their deaths and an hot war with Iran had more to do with it, and the oil-shock, and then the failure of the better-thought-out rescue later, and then the Reagan operatives' back-channel to Iran promising better treatment if Iran's state wouldn't release them for Carter—but he didn't help matters.
Are rates rises even appropriate to inflation caused by a massive increase in energy costs?
Public dissent on the FOMC could be healthy for our democratic republic. Why not make competing views available to the electorate?
The questions the FOMC grapples with are hard ones and I see no good reason to pretend otherwise.
'Could' is the operative word. Uncoyly: there is the strong implication that a Trump-loyalist were acting not in fulfilment of their mandated duty but rather in such a way as to improve Mr Trump's odds of reëlection.
Shorter: Trump Fed appointee has the intellectual backbone of a Vance.