Trump; Let’s see what Powell does at Fed meeting

Discussion in 'Current Events' started by nopartisanbull, Jun 19, 2019.

  1. nopartisanbull

    nopartisanbull Well-Known Member

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    ”Let’s see what he does”

    Does Trump believe FOMC is a one-man show?

    8 members voted in favour of the status quo/hold rates, and one member wanted a rate hike.
     
    Last edited: Jun 19, 2019
  2. nopartisanbull

    nopartisanbull Well-Known Member

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    Structure of the FOMC

    The FOMC consist of twelve members, and their next meeting will be held at the end of July, thus,

    a. Let’s see what HE does

    or

    b. Let’s see what THEY will do
     
    Last edited: Jun 19, 2019
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  3. nopartisanbull

    nopartisanbull Well-Known Member

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    Well folks, I know how Powell does it;

    Powell attends a FOMC meeting with his secretary, and then, he gives her 11 proxies, thus, let’s see what he does.

    Makes sense to me.
     
  4. nopartisanbull

    nopartisanbull Well-Known Member

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    Dow drops 100 points after Fed’s Bullard says a half-point rate cut would be overdoing it

    https://www.cnbc.com/2019/06/25/sto...n-focus-as-investors-await-more-fed-talk.html

    "Another enemy of the people"???????????

    Fed's James Bullard

    ......is the chief executive officer and 12th president of the Federal Reserve Bank of St. Louis, positions he has held since 2008. He is currently serving a term that began on March 1, 2016.[1] In 2014, he was named the 7th most influential economist in the world.

    https://en.wikipedia.org/wiki/James_B._Bullard
     
    Last edited: Jun 25, 2019
  5. nopartisanbull

    nopartisanbull Well-Known Member

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    "Powell, pleassssse, give me my 1% interest rate cut...………….3% sustainable GDP growth rate

    or

    "I will demote you!"

    [​IMG]
     
    Last edited: Jun 25, 2019

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