Thread 60725700

>*inflation is rising*
>raising rates? nah man that shit is transitory, I ain't raisin shit
>labor market is collapsing
>cutting rates? nah man tariffs will raise inflation in two more weeks, I ain't cuttin shit
/biz/ will defend this incompetent old geezer

>>60725700 (OP)
bro has dropped the ball a few times now

he and yellen will go down as pretty garbage at their jobs

>>60725700 (OP)
There has been an ethnic replacement of /biz/ since the hack.
We used to NEVER talk about politics or the president here now its the only thing up for discussion.
Almost every native /biz/antine is gone, replaced with poor and financially illiterate bunkertroon losers.

>>60725700 (OP)
he's just going off the numbers. not his fault if the numbers are complete and utter bullshit

>>60725708
not true at all
liberation day was before the hack and the catalog was full of trump posts

>>60725712
he has access to the ADP numbers. hes just incompetent.

bro moves at a glacial pace.

>>60725700 (OP)
He's trump appointed.
These 4-5% are historically normal. 0% the past decade is the actual anomaly.
Trumps trade war is inflationary because of the tariffs.
We cannot raise rates.

time to ask yourself where the tariff money is going

>>60725712
He had access to the report before the meeting. If you listen carefully to the questions at the end he keeps talking about unemployment rate(which remained basically unchanged in the revision). Job openings are down but job demands is also down, probably due to 0 migration if I had to guess

>>60725725
He probably fell for the "I guess we have an ADP labor market and a BLS labor market now" meme, despite the labor bureau stats continuing to be an absolute joke.

>>60725717
There has been an ethnic replacement of /biz/ since email verification.
We used to NEVER talk about politics or the president here now its the only thing up for discussion.
Almost every native /biz/antine is gone, replaced with poor and financially illiterate bunkertroon losers.

>>60725700 (OP)
I am glad that someone stands between your greed and normal people's lives.

>>60725817
the normal people losing their jobs because that old geezer refuses to cut rates?

>>60725708
Jannies used to prune politics here but now that they’re compromised they’re taking a more hands off approach

Powell is the Fauci of finance

>>60725700 (OP)
He will likely cut rates now. Beware of MAGAtards claiming that he is finally bending the knee

>>60725700 (OP)
Jpow did nothing wrong.

>>60725700 (OP)
The Fed has a contradictory dual mandate: maximum employment and stable prices.

>>60725823
Look at the dollar index
Is this really the time to cut rates?

>>60727097
Trump hired both Fauci and Powell though ...

>>60725976
It's hard to not have politics as a discussion when the president keeps fucking the entire economy like a cheap prostitute.

>>60725725
ADP is famously bad.
You really can't blame him for thinking the labor market is healthy when that's what the BLS tells him.
Not his fault the data gets revised down to 0 right after they had their FOMC meeting.

>>60727561
Except he gets the data releases early and already knew the numbers

I think the long bond rates are constraining the fed. They are worried about the amount of government debt and the issuance that is coming due.

>>60727644
They need to just bite the bullet and refi a shit ton of long bonds

They aren't going back down and will be glad they did it when the rates are even higher. Also fuck yellen

>>60725700 (OP)
leftists cannot even explain why the federal reserve needs to exist.
but they will champion jerome anyway because tds.

>>60727097
>Powell is the Fauci of finance
I hadn’t considered this before but you’re exactly right

>>60727554
>he still thinks presidents pick their cabinet
got some sad news for you anon

>>60727859
That was different with obongo. He was a deep state puppet that suddenly appeared out of nowhere with a fake birth certificate and resumè. The Wikileaks drop happened even before he selected his cabinet and he didn’t deviate from it at all

>>60727882
Trump had Bill Barr ffs you don’t get anymore deep state than that

>>60725700 (OP)
I'm pretty sure he's doing that because of some happy merchants of his loaned tons of money at variable interest. He must be stripped of his post and be prosecuted for this.

>>60725744
4-5% my ass. Just let the AI bubble finally burst so we get good times with 0% again.

>>60728089
0% right fucking now, i need LINK to be at $1000, fuck the wagies

>>60725700 (OP)
>/biz/ will defend this incompetent old geezer
/biz/ is the only place online where people aren't sucking him off for defying the orange man

>>60727561
ADP is famously accurate because it uses real payroll data

>>60725976
>>60727558
i used to cop 3 day bans from these troons for saying person X is bad for the economy

>>60725708
Jannies are too busy banning people with real alfa and keeping LINK threads up with other baggie scams like AVI