Reply to Fannie Freddie Chair: Powell out soon

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Reply to "Fannie Freddie Chair: Powell out soon"

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[quote=Anonymous][quote=Anonymous]Too slow Powell should have lowered rates in the Spring of 24.  He and Yellen were so out of tune with economic realities and most likely any reality. [/quote]

You are absolutely wrong and clearly have zero expertise in economics, how interest rates, or much of anything else works.  You're the one out of tune with economic realities and are talking completely out of your ass.  Powell has legitimate concerns about rate cuts fueling inflation and is very much in tune, using a data-driven approach to determine rates, whereas Trump is not using any data whatsoever.  Economists everywhere agree with Powell - Oxford, Deutsche Bank, JPMorgan, etc etc etc - none of them agree with Trump.  Virtually the entire Fed board agrees with Powell too, so eliminating Powell won't change anything where the rest of the board is concerned.  Additionally, Trump is crossing some serious lines - economists across the entire spectrum from the libertarian CATO institute to NYU and many others say the President should not be politicizing monetary policy and should not have any role in setting rates.

Read something other than FOX News or Newsmax for a change.[/quote]

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