>>60572619 (OP)
He's fucking up. He's a smart guy but the whole "rely on the data" thing got him in hot water, sometimes you need to understand the data is behind you and you need to use instinct a bit to attempt to plan for the future. At a certain point he should have said "We're probably not getting to 2% inflation without the economy having a total meltdown, people are scared, businesses seem to need to keep raising prices to account for lack of sales... cutting rates might actually significantly increase spending and improve jobs and counteract inflation as such"

Instead he just goes "well, last month inflation was bad so we won't do anything and maybe this next month inflation will be good who knows lol"

A 25 bps cut last session would have done a world of good for the global economy, missing that is going to be hard to recover from.

>>60572637
He's not fucking up, he has fucked up. He should have rose rates to 20% in 2021 and crushed the issue early on. Now the economy wouldn't handle that but also cutting would cause inflation because he hasn't solved the problem.

>>60572619 (OP)
rates are already low. the only people crying for lower rates are techniggerfaggots who want zero interest money to finance their AI-enabled SaaS startup scams and 65 IQ rentoids who think that the prices on homes wont just immediately go up to offset the decreased cost of borrowing.

>>60572619 (OP)
>>60572656

>>60572619 (OP)
this retard jpow really thought he could get away with spending $2.5 BILLION on renovations?

If I was Powell id raise rates to 20% next session as a fuck you

>>60572663
>>60572650
based and true

>>60572619 (OP)
>>60572656
>>60572663
also very fitting that this mentally retarded MUTTOCRACY uses US Federal Housing FHFA letterhead and invokes the words of Faggie Mae and Niggie Mac (the reason why homes are unaffordable) to undermine powell.

>>60572656
>house prices won't immediately go up

They won't thobeit, real estate moves slow af

>>60572702
i can guarantee you that every realtor in the country will be advising their sellers to raise prices IMMEDIATELY, literally the same day that a rate cut is announced.

>>60572650
>He's not fucking up, he has fucked up.

Amen. Jerome Powell belongs in prison. But no for the current complaints of "cut muh rates" coming from mentally ill 0dte options gambling addicts, but for his $13 Trillion dollar money printed addition to the stock market in 2020 causing inflation to rise hundreds of percent in just a few short years while publicly referring to inflation as "transitory" for far too long in 2021, and then doing far too little with his gay %% interest rates to correct for inflation during 2022. Fuck Jerome Powell and fuck his simps from the past 5 years, worst Fed Chair of my life and he singlehandedly destroyed this country, even it hasn't come to full fruition yet, it eventually will and hindsight will show it was all because of the inflationary actions of Jerome Powell in 2020 and 2021.

>>60572713
What does one need a realtor for in year AI+3?
I solded a flat in 2019, and it went like this:

> got rid of furniture
> applied paint and silicone
> cleaned floor & windows
> made pics, +1000% brightness
> put ad into real estate sites
> counted number of replies
> increased price by 5%
> now three replies in eight weeks
> made appointment with two
> sold to one
> printed standard contract
> called bank to set up escrow account
> signed
> waited for moneys
> handed keys

>>60572751
>a flat
idk how things work in bongistan. i live in muttmerica.

>>60572650
On his way out he should raise rates to double where they are now, crashing everything in sight. But he is not based. He is a fraud.

>>60572637
He's doing exactly what he's supposed to do, create fear, uncertainty, and doubt. He's one vote on the board, and their policy is largely to have each voting member say random shit to confuse the public. This lets them control the economy through words rather than actions like actually changing interest rates. The fed has actually done a stellar job recently in regards to their real goal, finding inflation. They've tried it for years with forcing unnaturally low unemployment. Until covid, they were well under their desired 2% per year. Since then, they've managed to raise the neutral interest rate and find the inflation they desired, with all the backlog from two decades coming in the last 5 years which is why it seems like such a shock. Raising the neutral interest rate gives them more to work with when fixing fuckups before they get a cashless system with feasible negative interest rates online.
You and I may not like the economy their system results in, but it is going quite well according to their goals.

>>60572619 (OP)
americans are so fucking funny

>>60572751
in america, escrow is a long process. you should always use one real estate agent just to cover your ass legally.

>>60572672
He should’ve raised rates to 20% in 2022-3 so we’d be out of this mess already. He fucked up big time and will go down in history as a nigger named Jerome.

>>60572875
>He should’ve raised rates to 20% in 2022-3 so we’d be out of this mess already.

Based and factpilled.

>>60572650
This. Raise it to 25%.Tired of making $.003/ year on my savings account.

>>60572650
based and Volcker pilled

>>60572650
I mean you could have taken any average Joe's grocery cart and noticed the 30% inflation we got after COVID.
Same for mid income earners all of a sudden interested by luxury watches, art, old cars and collectibles.
This was the biggest and most obvious red flag you could ask for, yet my man was talking about transitory inflation.
Even truflation had the rates.