Raising rates and removing liquidity, what could go wrong?
The difference between this gentleman and us investors is that we vote with our money and he and his collègues vote with their textbooks.
Unbelievable you people think a 2.5% Fed Rate can cause a recession in the 'greatest economy of all time'. So ridiculous. Bunch of fools. It was at 7% ithe late 90s.
Someone needs to eliminate Powell from his position any way possible.think people. You can be a hero if you come up with a great idea. I’m sure he touched someone inappropriately at some time. foxandfriends FoxBusiness MSNBC
CNBC needs to address Powell’s actions as politically motivated as a way to strike back at Trump and hinder re-election chances.
That statement shows he made the rate hike because of his personal conflict with realDonaldTrump. How does he get to be free of oversight. It’s incompetence on the part of the Fed. Americans should be furious
It is time to abolish the Federal Reserve.
The interests of the american people were not considered. The government needs growth targets!!!!like China. 4% growth!!!! end the fed
Time to do away with the fed, like Kennedy wanted to do. The fed reserve is owned by the super wealthy to control our money. We need to go back on a true gold standard. Dump the fed reserve. Stop controlling our money.
Liar. Liar. Liar.
firejpowell
Terrible wrong decision! Ignoring market data indicated slowing economy and job markets and where is the inflation? ! None of these are political considerations!
Hahaha. Oh, you're serious.
Fed doing right thing...ignoring WH political circus & gtting int rates back to normalized levels. US econ can take it. trump admin wasted key fiscal policy with huge unfunded tax cut near top of bus cycle, idiocy. Fed will have some tools if rates are up when recession comes.
There’s not enough inflation to justify this hike or more hikes. They are just trying to crash the economy for 2020
Nor have economic or inflation considerations played a role. They are destroying Goldilocks economy.
Great Job Powell! Your independence will drive the country into a recession ..... if only Yellen had been in a position to raise rates sooner!
The fed has screwed (again) the people NOT rescued from the housing disaster ...the home owners. Banks got bailed out Home owners who loaded up debt to try to SAVE THEIR DAMNED HOUSES now get taken for even more pain... UNBELIEVABLE GOVERNMENT
Why dont you play the part where he said they would be data dependent. Not fit the narrative?
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