Posted on 09/20/2023 3:31:22 PM PDT by davikkm
Jerome Powell’s statements paint a picture of a Federal Reserve cautiously navigating treacherous waters. While the full consequences of their tightening measures are yet to be fully felt, they are signaling an even more hawkish stance by revising their dotplot from 4.6% to 5.1% for 2024. Powell’s words further underscore that a soft landing for the economy isn’t their primary expectation, suggesting an air of uncertainty.
What adds to the unease is Powell’s repeated emphasis on the Fed’s commitment to reducing its balance sheet. This move, coupled with their readiness to raise rates further “if appropriate,” is seen by many as a risky game.
In fact, monetary policy is currently at its tightest in recent memory, leaving many to wonder if we’re reaching a breaking point. The potential ramifications of this continued tightening are looming large, and the Fed’s actions are akin to playing with fire in an already delicate economic environment.
The stakes are high, and as these policies persist, the concern grows that something within the financial system is bound to give way under the mounting pressure. The Fed’s delicate balancing act has the world watching anxiously, with the hope that their maneuvers do not lead to unintended consequences.
A “breakdown” is inevitable.
What would a “breakdown” look like. What does that even mean.
This is ridiculous. Do we want inflation. We are paying the dues for 29 years of keeping interest rates to low. It’s not fun, but we have to pay the piper if we don’t want to live with inflation.
Watch BTC/ETH/XRP and adjust accordingly. Lol.
Burn it down.
Burn it to the ground
Burn the ground.
Sounds a lot like 2 Peter 3:10:
“The day of the Lord will come as a thief in the night; in the which the heavens shall pass away with a great noise, and the elements shall melt with fervent heat, the earth also and the works that are therein shall be burned up.”
A soft landing is as likely as finding Bigfoot
I predict in their goal of protecting Joe Dribbles the FED will most likely ensure his defeat because things will collapse at exactly the wrong time for them.
The rats have one and only one goal. Stay in power. The good of the country or its people are not even a consideration. So whatever they do will be to serve that goal, if it means eventual if it means economic ruin and misery oh well too bad.
End the Fed! Avenge Andrew Jackson!
We are screwed! “The Fed’s delicate balancing act has the world watching anxiously, with the hope that their maneuvers do not lead to unintended consequences.”
HOPE IS NOT A PLAN!
Biden created this inflation and continues to spend, spend, spend like it is only the Fed’s job to fight inflation.
The focus should be on the stupidity of Biden.
The Fed is trying to do the job that they are legally obligated to do. But they don’t want to get political about it. That is for us to do.
I hate to tell you, but Bush, Obama, and Trump were all in favor of keeping interest rates too low. I mean Biden is too, but he ran into bad inflation.
“I mean Biden is too, but he ran into bad inflation.“
Ran into?!
Biden strangled domestic energy production, imposed thousands of new regulations with more every day, erased the southern border, went on a spending orgy with BBB, sent Billions and Billions of unaccounted dollars to Ukraine but yeah he “ran into” inflation. Sheesh get a clue.
Sure, Trump spent too much. Changing the practices of a spendthrift Congress is not easy - especially when most are aligned against you. Then the faux Covid crisis kicked in.
I firmly believe sans the Covid election scam and given the deserved next 4 years would have us leagues ahead of our present position, with a humming economy, oil/gas production, no Uke war, China at bay, some amount of less spending and more decent pols elected in 2022.
All that and more. Last chance next year and with the Dems acuity at election fraud bolstered by too many fascists judges and an enemy press, I see it as quite a slim chance.
Many millions of decent voters are needed to push the voting totals outside the margin of fraud and I’m not hopeful they are there. In fact, too many conservatives are never Trumpers to some degree.
This is also assuming Trummp is not incarceraated, disqualified in key states, himself not having a medical issue or simply assassinated.
Sorry, my keyboard drops double letters. I catch most of them.
I wasn’t talking about the big spending, big government types Bush, Obama, Trump, Biden. I was talking about keeping interest rates so low for so long.
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