The ECB is expected to cut interest rates for the 7th time, and yet, “Too Late” Jerome Powell of the Fed, who is always TOO LATE AND WRONG, yesterday issued a report which was another, and typical, complete “mess!” Oil prices are down, groceries (even eggs!) are down, and the USA is getting RICH ON TARIFFS. Too Late should have lowered Interest Rates, like the ECB, long ago, but he should certainly lower them now. Powell’s termination cannot come fast enough!

  • SGforce@lemmy.ca
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    2 months ago

    Oh fuck yeah. Just what we need is some ass kisser who’ll whip the rates up and down. That should inspire more confidence in the dollar.

    • HubertManne@piefed.social
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      2 months ago

      I mean last time he did a bit of bully pulpit and they caved and that was back before grabbing people off the streets and sending them to a foreign gulag.

    • taiyang@lemmy.world
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      2 months ago

      Funny enough one of his better appointees, he might have been a big reason US inflation wasn’t so bad after the pandemic, although Biden gets credit for keeping him instead of being a man-baby and firing everyone from the previous administration.

      • ilinamorato@lemmy.world
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        2 months ago

        The “soft landing” was a downright miracle of economics. They predicted a recession due to inflation for the entirety of Biden’s administration, and it never happened; all because the Fed knew what they were doing.

        • taiyang@lemmy.world
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          2 months ago

          Yup. And I’m familiar with other countries, especially ties to Japan who did not raise rates for a long time and felt it. Yet most people just don’t understand that.

      • Optional@lemmy.world
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        2 months ago

        Biden gets credit for keeping him

        Haven’t you heard? gEnOsiDe JoE kept him because he’s seekritly in league with the fascists just like all the LiBz!?! That’S why we can’t ever vote or have a national party until the whole thing is completely rebuilt from scratch and all businesses have been made the property of the worker. Which will probably take months!

        The only reason this hasn’t happened yet is the DeMoNcRaTz keep accepting the devil MoneY from Corporate Fascism, otherwise we’d all be super happy and productive already except everyone in the history of America is evil and bad.

        Or so I’ve been told.

  • Mee@reddthat.comOP
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    2 months ago

    I find it funny that Trump is super angry about one of the only people he cannot control… till now, no guarantee what will happen in the future.

    • CharlesDarwin@lemmy.world
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      2 months ago

      This is a very petty and vindictive little man we are talking about. I don’t blame Rosie O’Donnell for fleeing the country and trying to get an Irish citizenship.

      I don’t know if Powell has security detail, but he might want to look into finding one that is trustworthy.

  • HubertManne@piefed.social
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    2 months ago

    If the us is getting rich on tariffs then shouldn’t rates need to be raised. Rates being lowered means the economy is not doing well.

    • Kecessa@sh.itjust.works
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      2 months ago

      There’s a lot being taken into consideration to determine what to do with rates, you can have a strong economy with stable inflation meaning the rates can be low…

            • Kecessa@sh.itjust.works
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              2 months ago

              If the us is getting rich on tariffs then shouldn’t rates need to be raised. Rates being lowered means the economy is not doing well.

              The comment was about the relation between the state of the economy and interest rates, I just corrected OP, you can have a healthy economy and low interest rates

    • Iamnotafish@lemmy.ml
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      2 months ago

      Not only accept it, but many of my fellow (obviously ignorant) Americans applaud it and want more!

        • Iamnotafish@lemmy.ml
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          2 months ago

          Well, I still love all sentient beings. But, that doesn’t preclude me from loathing and despising their thoughts and actions. Many of them are the unfortunate product of many larger problems that those before us allowed to continue unabated.

          • Zippygutterslug@lemmy.world
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            2 months ago

            It’s really great of you to empathize with people that would happily watch you get sent to El Salvador for not conforming to their ideas of what an American should be. With just a little more of that positive attitude and empathy, I bet those nazis will give you a pass!

            • Iamnotafish@lemmy.ml
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              2 months ago

              I have empathy because I know that one right realization can completely change anyone. Everyone deserves the chance at redemption. Still, I have cut most such people out of my life. Because, at age 50, I don’t feel it is my responsibility to be educating all of them, and they are insufferable.

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                2 months ago

                I’m barely over 10 years younger than you. I have three kids between 10 and 17. I worried everyday for them that they would get caught up in one of the shootings at the grocery store or gas station, or that one of these kids bringing guns to their school might use one. I worried that the environment was going to hell and they were being left with even fewer opportunities than I had. And now this…

                The door for redemption is always open. Until then, these people are enemies of my children’s future, of every child’s future. So til they seek that redemption, I wish the worst on them.

                • Iamnotafish@lemmy.ml
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                  2 months ago

                  Yes, I worry about many of those same things, and I’m sure we both worry about much more than that. But, me hating people and wishing bad on them only causes me to feel bad (by them always being in my head). It doesn’t do anything to them. If it helps you, I would never ask you to stop wishing bad on them.

                  Edit: also, in my experience, most people that actually end up finding redemption aren’t actually looking for it. It comes when they least expect it, often through a major life occurrence.

      • CharlesDarwin@lemmy.world
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        2 months ago

        Yep. They think that some nebulous “they” really deserve to be punished, to be “owned”, etc…and that petty vindictive little baby donvict is the one to deliver it.

        What they think they will get out of this? They’ll still be living lives of misery, most likely made worse by donvict and the qons…

        • Iamnotafish@lemmy.ml
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          That’s the problem, they don’t think. They accept what people they look up to tell them as gospel. Whether it be a raping preacher, a raping cheeto, or raping “influencers.” All they focus on is the current step in the process, because the people they look up to tell them it will all be OK, as soon as they finish this next latest despicable thing.

          Edit: and those of us that do think for ourselves and ask questions and point at hypocrisy and use facts are considered the “evil” ones. So, they have free reign to hate us for trying to awaken them.

    • KMAMURI@lemmy.world
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      2 months ago

      They didn’t just accept it they enshrined it for all eternity even prior to the election.

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    2 months ago

    Dude wouldn’t know where to find eggs if you dropped him into a grocery store, let alone the prices people are paying. “What could it cost, Michael? $10?” vibes.

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    2 months ago

    Calling it now, Trump will appoint Larry Kudlow from Fox Business News as Fed chair next year.

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    2 months ago

    What many people do not realise, is that Nazi Germany was on the brink of another economic collapse due to Hitler’s rearmament and excessive government spending. The annexation of Sudetenland and going to war gave Nazi Germany the needed funds to keep the country going for awhile. Hjalmar Schacht, the economic minister, opposed the rearmament and warned the government of impending collapse but was sidelined. We are seeing that America is trying to repeat this with tanking stock market and a federal reserve director going toe to toe with the executive.

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    2 months ago

    r/wallstreetbets is taking this seriously and like most of reddit and here, they are dooming hard. What they predict is the value of the US dollar goes to zero. I’m scared that my children will starve to death.