Loading ...Bullshit !
Powell keeps spewing bullshit!
“Federal Reserve Chair Jerome Powell said Tuesday that it will take “longer than expected” to achieve the confidence needed to get inflation down to the central bank’s 2% target, signaling that it will also likely take longer to cut rates.
“Given the strength of the labor market and progress on inflation so far, it’s appropriate to allow restrictive policy further time to work and let the data and the evolving outlook guide us,” Powell said at an event in Washington on the Canadian economy.”
GL
Right or wrong, they are sticking to their guns. Even though the market has been expecting cuts, they have said over and over that they are leaving rates high for an extended period.
If the HOST is too happy, the parasite isn’t doing it’s job!
Why is this Bullshit GL ?
It’s actually the truth for a change
Why do you want to see lower rates in the face of 3.8% CPI ?
Rate cuts would help Brandon
we don’t NEED no stinking rate cuts
Sir Fully,
Let me explain why rate cuts are needed now, more than ever!
The economy is crashing hard.
Mom and Pop stores need credit lines and borrowing to stay in business.
The rate cuts might lift the sentiment, and help some businesses survive, rather than higher rates causing doomed closures.
On the housing front too, 3/1 and 5/1 ARMs resetting to much higher rates is going to cause more pain for hard-working families.
I care more about my fellow people than who wins the election.
Just got a call from an ex-colleague that his contract is getting terminated on May 3rd.
It is brutal out there!
And once again, just like on your opinion of Jesse of Jesse’s Cafe Americain, I choose to respectfully disagree with you.
GL
Thank you GL We respectfully disagree .
I hear you BUT
We got here because of LOOSE Monitary and Fiscal Policy and NOW in the face of Inflation ( real Inflation …Not Bullshit as you are saying )
Cutting Rates could cause Massive South American Type Inflation
It’s a lose lose …BUT Massive inflation hurts MORE people than lost employment IMHO
PS
Powell is just doing his job
They have a dual mandate
Maximum employment and Minimum Inflation
They have maximum employment ( Now thats bullshit but thats what the official line is) …Now they need to get Inflation down to 2%….so No Rate Cuts