Reply to Armchair economists, can you cut rate with rising prices?

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Reply to "Armchair economists, can you cut rate with rising prices?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Rates are not that high and should not be cut. We need people to be saving more money. People are still spending money; if rates were cut they'd spend even more and prices would rise faster than wages.

Also, I think JPow will never cut rates during this administration out of spite. He's not wrong for refusing to cut though. [/quote]

I agree Powell has every reason to hate Trump because Trump is being a giant dick to him.  Maybe I am naive but I think of Powell as a true technocrat that will [b]take the course of action supported by the data regardless of politics and personal feelings[/b].  That and the other FOMC members will vote against him if he is wrong.[/quote]

Agree, although he will of course have to include political analysis in what he does.  He has to thread the needle he has been threading so far of doing the right thing while also keeping himself in the job through next June.  If someone like Hassett is the next Chair, we are well and truly f---ed.[/quote]

This is not directly related to this thread but I have been surprised by the fact the folks doing the biggest damage to our economy in this administration graduated from the colleges (Yale, Harvard, etc)  that many of us want our kids to attend. What is it about their training from these universities that they make them mean, greedy, indifferent to the have nots etc ?[/quote]

They (or their parents) likely lied, bribed, and/or cheated their way into those schools. When you get good results through dishonesty at the age of 18, you stick with what you know. [/quote]

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