0.75 Percentage Point
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Stock market barfed again.
I guess Powell isn't all-in on the "Republicans are an existential threat" narrative. Otherwise he'd be doing anything he can to prop up the market, to motivate voters to support the current existential-threat-free administration.
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Stock market barfed again.
I guess Powell isn't all-in on the "Republicans are an existential threat" narrative. Otherwise he'd be doing anything he can to prop up the market, to motivate voters to support the current existential-threat-free administration.
@Horace said in 0.75 Percentage Point:
I guess Powell isn't all-in on the "Republicans are an existential threat" narrative. Otherwise he'd be doing anything he can to prop up the market, to motivate voters to support the current existential-threat-free administration.
As it should be, the Federal Reserve is independent, not subject to political whims. The Biden administration rightly respect the Federal Reserve’s independence, and all y’all should be happy about that.
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The .75% interest rate target hike is widely expected. What’s not expected is whether the Fed will send any signal about whether it plans to pause or change course. Powell’s utterances today say the Fed is not done with its current course of raising interest rates, that’s reportedly what moved the market.
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@Horace said in 0.75 Percentage Point:
I guess Powell isn't all-in on the "Republicans are an existential threat" narrative. Otherwise he'd be doing anything he can to prop up the market, to motivate voters to support the current existential-threat-free administration.
As it should be, the Federal Reserve is independent, not subject to political whims. The Biden administration rightly respect the Federal Reserve’s independence, and all y’all should be happy about that.
@Axtremus said in 0.75 Percentage Point:
@Horace said in 0.75 Percentage Point:
I guess Powell isn't all-in on the "Republicans are an existential threat" narrative. Otherwise he'd be doing anything he can to prop up the market, to motivate voters to support the current existential-threat-free administration.
As it should be, the Federal Reserve is independent, not subject to political whims. The Biden administration rightly respect the Federal Reserve’s independence, and all y’all should be happy about that.
I am, in fact, happy about that. But my empathy demands that I see things from the perspective of others. I am only worried about those who believe in existential threats posed by the Republicans. They should have been disappointed that Powell's words today tanked the market, when they could have propped up the market, and along with it, the Dem chances in the upcoming election.
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The .75% interest rate target hike is widely expected. What’s not expected is whether the Fed will send any signal about whether it plans to pause or change course. Powell’s utterances today say the Fed is not done with its current course of raising interest rates, that’s reportedly what moved the market.
@Axtremus said in 0.75 Percentage Point:
The .75% interest rate target hike is widely expected. What’s not expected is whether the Fed will send any signal about whether it plans to pause or change course. Powell’s utterances today say the Fed is not done with its current course of raising interest rates, that’s reportedly what moved the market.
Maybe for the next lesson on your syllabus you can teach everybody that guidance in corporate earnings calls is what moves the stock price as much as the reported numbers.
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Who said this?
"...slammed Federal Reserve Chairman Jerome Powell this week, insisting that Powell’s actions have prevented the economy from soaring ... and declaring he’s out of patience with the man leading the nation’s central bank.
...the market would be stronger "if we had a different person in the Federal Reserve who wouldn’t have raised interest rates so much . . . ” "
