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Delta Aug 1 @ 1:28pm
Fed Governor Kugler is resigning
This gives Trump a nominee on committee that sets interest rates.

Do you find this scary?

The economy shrank in July under Trump.

Should he able to influence interest rates.

The Fed wasn't designed to be political.
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Showing 1-15 of 29 comments
Grendalcat Aug 1 @ 1:29pm 
You realize he will be appointing a new Fed Chairman next May?
So it's a lot more than just one governor.
#1
Rio ⛧ Aug 1 @ 1:33pm 
no i don't find it scary, because I've been expecting for ages hyper inflation, because no one wants to let the bubble pop.

As soon as biden killed the petro dollar, I knew dark days were coming.
#2
Fake Aug 1 @ 1:35pm 
If you believe that the economy is going to tank, buy SQQQ
If you believe that the economy is going to rocket, buy TQQQ

It really is that simple
#3
Rumpelcrutchskin Aug 1 @ 1:36pm 
Just a final nail in the coffin of the empire.
#4
Dreaming Prince Aug 1 @ 1:39pm 
is that the guy who was in friday 13 movies?
#5
Delta Aug 1 @ 1:42pm 
Originally posted by Dreaming Prince:
is that the guy who was in friday 13 movies?

That's Freddy Kruger from Nightmare on Elm Street
#6
kbiz Aug 1 @ 1:50pm 
Two FOMC board members dissented with the committee's rate decision for the first time in 35 years. Hmm.
Last edited by kbiz; Aug 1 @ 1:50pm
#7
kbiz Aug 1 @ 1:51pm 
Originally posted by Fake:
If you believe that the economy is going to tank, buy SQQQ
If you believe that the economy is going to rocket, buy TQQQ

It really is that simple

They don't care, Fake.
#8
Original Cast Recording Aug 1 @ 1:57pm 
It's more troubling that he's firing the labor statistics commissioner for saying that job creation is lower than anticipated---a statistic which (it should be noted) might actually support the case for lower rates.
#9
kbiz Aug 1 @ 1:59pm 
Originally posted by Original Cast Recording:
It's more troubling that he's firing the labor statistics commissioner for saying that job creation is lower than anticipated---a statistic which (it should be noted) might actually support the case for lower rates.

Should the Fed cut rates?

Is our economy doing well enough to keep rates higher than the G7?
#10
Master of Politics Aug 1 @ 2:00pm 
Next get Jerome Clownell out of there!
#11
Original Cast Recording Aug 1 @ 2:01pm 
Originally posted by kbiz:
Originally posted by Original Cast Recording:
It's more troubling that he's firing the labor statistics commissioner for saying that job creation is lower than anticipated---a statistic which (it should be noted) might actually support the case for lower rates.

Should the Fed cut rates?

Probably not all the way to 1%.

Originally posted by kbiz:
Is our economy doing well enough to keep rates higher than the G7?

According to the POTUS, it's the best it's ever been, lol
Last edited by Original Cast Recording; Aug 1 @ 2:01pm
#12
Talby Aug 1 @ 2:03pm 
The fed not dropping the rates is partisan against the administration. Par for the course.
#13
kbiz Aug 1 @ 2:03pm 
Originally posted by Master of Politics:
Next get Jerome Clownell out of there!

Powell is in the hot seat. US rates are high, but inflation is low.
#14
kbiz Aug 1 @ 2:05pm 
Originally posted by Original Cast Recording:
Originally posted by kbiz:

Should the Fed cut rates?

Probably not all the way to 1%.

Originally posted by kbiz:
Is our economy doing well enough to keep rates higher than the G7?

According to the POTUS, it's the best it's ever been, lol

Snark.

Every point amounts to $300 billion in debt service reduction.
#15
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Date Posted: Aug 1 @ 1:28pm
Posts: 29
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