General Discussion

newdayneeded

(1,979 posts)

8. I agree with the OP

Wed Dec 14, 2022, 11:49 PM

Dec 2022

I think Powell and all economists are following rules from the 50s and 60s. just let the economy keep growing. the market will price correct when people stop buying overpriced stuff. case in point, gas. people stopped buying it at 5 per gallon and boom, prices come down.

This just feels like sabatoging the whole economy and now bringing on a recession to fuck everything up. millions laid off, people struggling to live on unemployment. Powell is absolutely gonna make this a reality in mere months.

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Fuck Jerome Powell [View all] gab13by13 Dec 2022 OP

If the CPI declined to 2% Frasier Balzov Dec 2022 #1

Jerome Powell's own words, gab13by13 Dec 2022 #2

Your translation is biased with your own fear and misplaced outrage, not facts. Fiendish Thingy Dec 2022 #14

Those do sound like unequivocal words. Frasier Balzov Dec 2022 #27

Wrong person RobertMcNamara Dec 2022 #3

+1, 40% of all USD in circulation was created under TFG the rants from reps should've been louder uponit7771 Dec 2022 #34

Kind of hard for the House to complain when they were the ones who passed it. MichMan Dec 2022 #41

The White House: "President Biden Nominates Jerome Powell to Serve as Chair of the Federal Reserve" brooklynite Dec 2022 #4

Does Yellen agree? edhopper Dec 2022 #5

Warren is wrong and grinding an axe because she voted against confirming Powell mathematic Dec 2022 #6

Warren is right Bear Creek Dec 2022 #12

I am surprised that Warren is just relying on the market... TomCADem Dec 2022 #17

There is not going to be any "depression"--- DemocraticPatriot Dec 2022 #33

Eggs are very expensive now.... DemocraticPatriot Dec 2022 #32

Before Covid ever happen Trumps tax plan would eventually lead to inflation RobertMcNamara Dec 2022 #7

THIS !!!! ☝🏾☝🏾☝🏾 uponit7771 Dec 2022 #35

I agree with the OP newdayneeded Dec 2022 #8

Of course, if you ignore inflation, then the working class is hurt... TomCADem Dec 2022 #15

Working people can afford 4 dollar newdayneeded Dec 2022 #19

"Working people can afford 4 dollar" Do you have a source for this? thx in advance uponit7771 Dec 2022 #36

?? newdayneeded Dec 2022 #40

No, I was just asking who is affording 4$ heads of lettuce without caveat of giving up something ... uponit7771 Dec 2022 #42

we both agree then newdayneeded Dec 2022 #43

+1, uponit7771 Dec 2022 #44

As do I. (no text) sprinkleeninow Dec 2022 #16

Ummmm inthewind21 Dec 2022 #25

+1, uponit7771 Dec 2022 #37

Scary that you think taking Econ 101 makes you an expert on economic policy. onenote Dec 2022 #9

you continue to ignore the crippling burden stopdiggin Dec 2022 #10

inflation is already coming down in a hurry moonshinegnomie Dec 2022 #26

The government seems to disagree with you. former9thward Dec 2022 #28

thats for the last 12 months moonshinegnomie Dec 2022 #29

Not true at all. former9thward Dec 2022 #30

my numbers are the governments numbers moonshinegnomie Dec 2022 #31

That's the ***RATE*** of inflation, getting CPI back to 2020 before Trumps inflation would be great uponit7771 Dec 2022 #38

Record corporate profits and high inflation Dave says Dec 2022 #11

First of all, stop shopping at Whole Foods Fiendish Thingy Dec 2022 #13

I seem to be the only person who recalls that in the 1970s we had PoindexterOglethorpe Dec 2022 #18

cpi over the last 6 month is running at a 4.6% annual rate moonshinegnomie Dec 2022 #20

I agree. W_HAMILTON Dec 2022 #22

And Powell strikes again! newdayneeded Dec 2022 #21

Just for the record, Elizabeth Warren is also not an economist Jose Garcia Dec 2022 #23

wall street is already convinced powell is going to go to far and will have to reverse course next y moonshinegnomie Dec 2022 #24

I've noticed banks are not expecting interest to keep going up much more wishstar Dec 2022 #39