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Inside the Federal Reserve
- Thread starter Vambram
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I do not use X (Twitter), or social media besides CF, as X can be a toxic minefield. Can you post an article version of this? It would mean a lot.
Here is the inside of a vault, similar to the interior of the Federal Reserve, as your post title says "Inside The Federal Reserve", so this is my literal interpretation of your post, brother:
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As I recall, Trump kept pressuring Powell to keep the Treasury rate at 0%.
Obviously some self interest there for someone whose properties were as highly leveraged as Trump's.
Never mind whether it was good for the economy.
Perhaps if the Fed had started tightening credit a little bit earlier we might have been able to avoid the inflation we had in 2022. Who knows?
The Fed was composed of financial experts, and someone who had declared bankruptcy 7 times (Trump) was trying to tell them how to handle the nation's economy!
Obviously some self interest there for someone whose properties were as highly leveraged as Trump's.
Never mind whether it was good for the economy.
Perhaps if the Fed had started tightening credit a little bit earlier we might have been able to avoid the inflation we had in 2022. Who knows?
The Fed was composed of financial experts, and someone who had declared bankruptcy 7 times (Trump) was trying to tell them how to handle the nation's economy!
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I am not surprised that a liberal thinks it was great that Jerome Powell wanted his legacy to be known as someone who "held the line against Trump." Also, I am willing to bet that the liberals love the idea of the Federal Reserve focusing on setting policies for desired social outcomes. The rest of the stuff Hizmo says in this video is also probably things liberals love to hear.
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iluvatar5150
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Yeah, economists and central bankers are really known for being on the left fringes.
That's probably about as conservative a group as you'll find at the upper echelons of most anything.A more accurate summary would be that professionals think Trump is unhinged.
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Are you really unaware that ESG, DEI, and other social outcomes have become proudly supported by BlackRock as well as many other financial institutions?Yeah, economists and central bankers are really known for being on the left fringes.
A more accurate summary would be that professionals think Trump is unhinged.
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iluvatar5150
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So? You'll find most people in most white collar environments are at least middle-of-the-road on social issues and tend to support efforts at making the workplace more diverse. (whether or not these programs are effective is another matter) Most folks also acknowledge that climate change is a problem and that the market isn't solving it; some are willing to make efforts on that front themselves. That doesn't mean they're "liberals." It means they're not far-right conservatives.
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During the Trump presidency, we had a strong, stable currency. During the Biden administration?? Not so much.
Want examples?
During the last few years, BRICS has gotten more influential. If the USA dollar continues to weaken, then it won't be long until the dollar is not the standard for international currency.
If that happens, what effects do y'all believe it would on the USA economy?
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I am certain that attempting to have diversity, instead of a system of meritocracy, is having a negative impact. I will never ever agree with racism and racist points of view. And I will always say that people should be hired and promoted based upon their merits instead of using DEI standards.
Most folks that I know in Missouri do not believe that mankind is causing climate change.
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Are you not aware that China has enormous economic problems due to their one child policy decimating their population?
Likewise Russia, with a one-dimensional economy and a war that has drained their military and their resources.
All the U.S. has to recover from are the Trump disaster years and the extreme divisiveness and hate he still promotes.
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China's economic problems are real. But they still have an economy that has the 2nd highest GDP in the world. Russia's economy hasn't tanked, or gone belly up, due to the war. India has a large economy and should not be dismissed as being an unimportant member of BRICS. If the USA dollar does not remain the standard for international currency, banking, and business, what effects will that have upon the people in America?
If liberals really believe that the USA economy in during 2017 through 2019 was a disaster, then liberals are not living in the same USA that I am living in.... in my opinion.
If liberals really believe that the USA economy in during 2017 through 2019 was a disaster, then liberals are not living in the same USA that I am living in.... in my opinion.
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I have no idea. It all started with an X post (Twitter). I know if something is from X, I do not click on it, cos X has been rampant with misinformation and racism more so now ever since Musk bought the platform in October 2022.
This graph is one example of the issues with tweets since 2022.
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The point of this thread is a discussion as to how the Federal Reserve is managing the American economy. The Federal Reserve does this in two very important methods. Those methods are the amount of dollars in the money supply. Whenever hundreds of billions of dollars are added to the supply, that impacts the economy.... usually by causing inflation. Another method to manage the economy is by setting prime interest lending rates. Also, I was attempting to discuss what could happen when the US dollar is no longer the dominant currency for international trading and international commerce.
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....I don't have any issue with the Federal Reserve's management of the economy. IMO the primary contributors to inflation are demand (consumers continue to spend heavily on services, housing, automobiles even while prices remain high) and supply (energy primarily impacted by global unrest - Iran, Russia, etc).
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durangodawood
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As I recall, Trump was leaning on the Fed to act for his own political benefit. Its good to resist that sort of pressure.
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I am pretty sure that this was something many presidents have done.
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