For the first time, Powell was not just looking at the market. He has a wide range of economic indicators to learn what is happening. The Fed Dept has volumes of data they pour through every day.
Powell Destroyed Economy, Crushed Middle Class, Raised US Debt $500 Billion a Yr
- Thread starter hvilleherb
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For the first time, Powell was not just looking at the market. He has a wide range of economic indicators to learn what is happening. The Fed Dept has volumes of data they pour through every day.
Superfreak
Verified User
The market can be an indicator of future sentiment. It can also be manipulated by big computer trading systems that are trying to send a message to the Fed. The economic data is still strong. GDP forecast for 2019 is lower than 2018, but nowhere near where the market is indicating by the pullback in the past quarter.
No, the trade talks do not need to be discussed in the public arena as they have been. That is the problem. The discussions should be completed, agreements reached, then explain the outcome to the public. You do not need the play by play while discussions are ongoing. It is moronic.
Superfreak
Verified User
Again, he is not looking at the market at all. He is not supposed to. Period. The economic data suggest he needs to continue tightening into 2019. The economic data suggests he needs to try and get ahead of wage inflation. So those stating he shouldn't have done the last increase or that he is moving too fast are listening to Wall St, the media and Trump. Not the economic data.
I understand the mandate of the Fed. You clearly are about half aware.
Clearly you know nothing but slurs. The Fed is supposed to stabilize the financial system. The Fed rate is just a tool for doing it. One of their biggest concerns is avoiding too much inflation. But Powell has an enormous amount of data and a very educated staff doing the work, He is not like Trump blowing in the wind.
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Superfreak
Verified User
Slurs? What slur did I use?
Again, I know the data Powell looks at. I have been in the financial sector for over 25 years. The data ALL supports the rate increases. You are correct to an extent in saying he does not blow in the wind. THAT is what is pissing off Trump and Wall St. The fact that he is sticking (mostly) to his guns. He is doing what the data is suggesting.
His mandate is twofold... to monitor inflation and to monitor unemployment.
The Fed is not there to worry about the stock market.
Fentoine Lum
Verified User
You've just described america's political system;
X goes up/improves, Y takes credit.
X goes down/gets worse, it's somebody else's fault.
THAT'S good old american personal resposibility rat there fer ya's.
I never once said their function is the stock market, whether to manage it or react to it.
Superfreak
Verified User
Again... what slur did I use? If you accuse me of it, you should at least point out where it is you think I did.
Gateway pundit is real stupid.. You really should read other sources or you'll remain stupid too.
Gateway and Infowars are Villeherbs max educational readings.
canceled.2021.1
#AMERICAISDEAD
There is an argument to be made that Powell is moving too quickly but this does need to be done lest we become Japan
It isn’t Powell’s fault that Yellen was a hack and kept the liquidity too loose for too long
One could argue that the Fed knew Obama’s policies were destructive to growth and had to babysit the economy to protect Americans from Obama
It isn’t Powell’s fault that Yellen was a hack and kept the liquidity too loose for too long
One could argue that the Fed knew Obama’s policies were destructive to growth and had to babysit the economy to protect Americans from Obama