Per this undercover video. He literally says that in the video.

The guy doing the talking is a principal economist inside the Fed.

Seems like Powell might be working to effect the election based on what this insider is saying.

BREAKING, INSIDE THE FEDERAL RESERVE: Hidden Camera captures Principal Economist @federalreserve talking about Jerome Powell’s legacy as “somebody who held the line against like, Trump.” The influential agency responsible for maintaining a stable monetary system appears to not… pic.twitter.com/5CqZX2LhwT

— James O'Keefe (@JamesOKeefeIII) April 10, 2024

Ellis Wyatt said:

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I've been telling y'all that the Fed will cut the rate closer to the election. You damned well better believe they're going to try to help Biden.

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I don't think they can as long as CPI is still rising. They'd get dragged on the inflation battle and it would be too obvious what they were trying.

Oddly coincidental how Biden says he cares about the key topics that have been crushing our nation's citizens.

Trump was openly pushing the Fed for negative interest rates when he was in office.

But yeah, let's chalk up to any pushback against that insanity as a strictly political action.

I haven't seen where they said that. Some of the fed governors have already hinted they are not likely to drop rates.

I heard it on a news ticker on npr

Quote:

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Atlanta Fed President Raphael Bostic for instance said he sees a single rate cut this year in the fourth quarter.

"Given that the U.S. economy has been so robust and so strong and so resilient, I can't take off the possibility that rate cuts may even have to move further out," Bostic said in an interview with Yahoo Finance on Tuesday.

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Owlagdad said:

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Most libs would agree and see nothing wrong with effing over America people with policies that would help FJB and hurt Trump.
They have no scruples.

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The ends justify the means.

Logos Stick said:

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Agthatbuilds said:

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I heard it on a news ticker on npr

Quote:

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Atlanta Fed President Raphael Bostic for instance said he sees a single rate cut this year in the fourth quarter.

"Given that the U.S. economy has been so robust and so strong and so resilient, I can't take off the possibility that rate cuts may even have to move further out," Bostic said in an interview with Yahoo Finance on Tuesday.

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If they cut rates in Q4 with inflation above 2%, you will know Powell is a ****ing Marxist pig just like Biden. Period. There is absolutely no way to justify cutting rates!

He's already reversed himself and is adding money to the money supply by buying treasuries. You don't do that if you are trying to stifle inflation.

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I think yalls read on Powell is wrong. He doesn't like Trump but he likes Biden even less.

If Biden is reelected, when Powell's chair term ends in 2026, we're going to realize how much of a hurdle he has really been to Biden/Yellen.

Ellis Wyatt said:

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I've been telling y'all that the Fed will cut the rate closer to the election. You damned well better believe they're going to try to help Biden.

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I would take the other side of that bet Fed won't do anything until after the election
Fed is pretty much on the record that no move on rates will happen in the six months prior to a presidential election. The fed rate in crease was likely partially responsible for Bush 41 losing and I don't believe they moved rates in an election cycle since '92

I'm not buying the premise of the thread just because some self important Trump hating left wing nutball thinks he speaks for the Fed chair that TRUMP NOMINATED.

Aggie Spirit said:

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I'm not buying the premise of the thread just because some self important Trump hating left wing nutball thinks he speaks for the Fed chair that TRUMP NOMINATED.

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I'm no fan of the FED. And I do not consider that they are ever doing anything other than protecting banks. But I agree with this. This screams of a radical leftist wanting to sound important on a date and projecting his own feelings onto his whole organization.

But who knows. It has to at least be considered. If you aren't considering all angles, you open yourself to be blindsided.

Stat Monitor Repairman said:

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At what point will Millennials and Zoomers come to the realization that the relentless pursuit of Trump over the past 9-years has shaved decades off their future quality of life?

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when they are rounded up like everyone else and a gun is in their face. then and only then will 20% wake up. the rest will never.

O'Keefe and his team have done some great work but this is seriously weak sauce.

J Biden, J Powell and J Yellen are three for which I have NO respect as policy makers. Duds!

I thought at first this was about Colin hating him.

All the GOP had to do was put up a viable candidate that could win. The victory was in the grasp.

Yellen said no inflation it's your imagination. Everything is fine. Now she says no more inflation. Everything is fine. Drop the interest rates please

They are no longer fooling most people and that's a huge problem for them.

Quote:

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He's already reversed himself and is adding money to the money supply by buying treasuries. You don't do that if you are trying to stifle inflation.

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How does that work exactly? Powell went into the market and bought up a bunch of Treasuries and is increasing the Money Supply?

Logos Stick said:

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Agthatbuilds said:

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I heard it on a news ticker on npr

Quote:

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Atlanta Fed President Raphael Bostic for instance said he sees a single rate cut this year in the fourth quarter.

"Given that the U.S. economy has been so robust and so strong and so resilient, I can't take off the possibility that rate cuts may even have to move further out," Bostic said in an interview with Yahoo Finance on Tuesday.

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If they cut rates in Q4 with inflation above 2%, you will know Powell is a ****ing Marxist pig just like Biden. Period. There is absolutely no way to justify cutting rates!

He's already reversed himself and is adding money to the money supply by buying treasuries. You don't do that if you are trying to stifle inflation.

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You gotta remember he's probably got a superior view into the condition of the banking system as one of the main bank regulators in the country.

They're surely tracking the number of banks that are in really bad shape. Given the fact the BTFP has expired and CRE issues seem to be looming - there is a chance that he may have to drop rates to avoid (or in response to) those banking issues as to not cause a cascading failure.

At the end of the day, the Fed has become too much of a key player in the financial markets and my interpretation is that is something Powell is trying to get away from - both in his rate policy and in furthering implementation of Basel 3. Now if he gets punched in the nose with a series of bank failures, he's going to have to respond and that will either take the form of rate cuts or another discount window. Either way just postpones the necessary destruction that needs to take place to heal our economy.

Sims for POTUS 2024

Like like like.

This guy is an idiot. How can a grown man talk without saying 'like' every fourth word?