the incompetence of jay powell and the fed

[moonshinegnomie]

first they waited to long to start hiking
then they panicked and starting hiking a lot.
now they say “We still have some ways to go and incoming data since our last meeting suggests that the ultimate level of interest rates will be higher than previously expected"

[Turbineguy]

1. He sure charmed the stock market

down.

Who needs retirement anyway.

I used to think that trump fucked up when he picked Powell. Now, I'm not so sure. Powell may just succeed at crashing the economy.

[Shermann]

5. He charmed the snake out of the basket and down the toilet nt

[blm]

2. Jay is working for Republicans not American people

[W_HAMILTON]

3. We should have kicked this guy to the curb, if not immediately...

...certainly once his term expired.

Never trust a Republican.

[ScratchCat]

4. The plan is working great

This is all part of the Great Fleecing of America by the wealthy. Use fake reasons to jack up prices on everything and once they get to ridiculous levels, jack up interest rates so our debt they trade and sell is worth more than ever. All the Fed board members are wealthy and conservatives and they propped up a fake economy for Trump and now are crashing it for Republicans. Big monopolies are to blame mostly but the media is owned by them so they run with the big GOP corporate line and blame everything and everyone other than the wealthy. Why would monopolies lower prices of grocery goods because the Fed raised rates? No reason they would. If anything it's an excuse to raise prices.

I hate conspiracies, but something is up and it involves intentionally crashing the economy.