Like someone else said in the comments here, it seems as if it's being priced in that another Biden tenure is the play.
I could be dead wrong, but a part of me wants to think that once more banks start collapsing this summer, that might act as an alibi for Powell to say that's why they are lowering rates, but I guess we'll find out soon enough in June and July.
I have zero confidence in the Fed or its Chairman. Remember, it was Mr. Powell, along with another previous Fed Chair (now at Treasury), Yellen, who claimed inflation was transitory. If the supposedly wise economic minds at the Fed cannot get it right, why do we let them set interest rate policy? Does anyone believe the Fed has a magic ball to know what the incredibly complex American economy needs in terms of interest rates? They typically get it wrong more times than not, creating artificial bubbles in the process. The markets should be setting interest rates. Let the lenders and the borrowers determine if rates rise or fall by what they are willing to pay or receive. It certainly couldn't be worse than the Fed's guessing.
Thanks Lena I appreciate you being on top of the federal reserve’s deception. It appears they want to trash our economy. I will just say I have no Hope in man , but God and His Son Jesus Christ. I hope & pray you would know him also.
Like someone else said in the comments here, it seems as if it's being priced in that another Biden tenure is the play.
I could be dead wrong, but a part of me wants to think that once more banks start collapsing this summer, that might act as an alibi for Powell to say that's why they are lowering rates, but I guess we'll find out soon enough in June and July.
I have zero confidence in the Fed or its Chairman. Remember, it was Mr. Powell, along with another previous Fed Chair (now at Treasury), Yellen, who claimed inflation was transitory. If the supposedly wise economic minds at the Fed cannot get it right, why do we let them set interest rate policy? Does anyone believe the Fed has a magic ball to know what the incredibly complex American economy needs in terms of interest rates? They typically get it wrong more times than not, creating artificial bubbles in the process. The markets should be setting interest rates. Let the lenders and the borrowers determine if rates rise or fall by what they are willing to pay or receive. It certainly couldn't be worse than the Fed's guessing.
Great channel on the internet Lena, your insights are rare in our economically and politically troubled world. Thank you
Thanks Lena I appreciate you being on top of the federal reserve’s deception. It appears they want to trash our economy. I will just say I have no Hope in man , but God and His Son Jesus Christ. I hope & pray you would know him also.
2 + 2 does equal three after all it must be so as this deluded Jerome would have you believe
Powell and Company are keeping their Guns loaded right up until Election Time and then they will do their thing
and with the Markets exploding higher......people will be dancing in the streets and Biden will see another 4 yrs.........IMHO......
Great channel on the internet Lena, your insights are rare in our economically and politically troubled world. Thank you
Great channel on the internet Lena, your insights are rare in our economically and politically troubled world. Thank you
No rate cuts until November? When was that election going to be held again?