June, July, & August 2024 CPI & PPI not what Fed Reserve Needs for rate policy change

So the Fed takes an action you disagree with and that makes it political? That’s simply asinine.

Just to be clear, this is the same Fed with Board members whose terms span presidents since they serve 14-year terms and Powell was appointed by Trump. The rotating members of the Fed are hired like any other bank President and are often economists or other well-heeled finance experts.

For instance, the St Louis Fed Bank is headed up by someone that has a Ph.D. in Economics from Penn and Masters and Bachelors degrees in economics from the London School of Economics. But you think you know more than people with this kind of pedigree. It’s truly laughable.

 

Inflation excluding housing has been under 2% for 2 years. Now apartment rents are flat for about 2 years. Consumer debt balances are growing again to new highs. The economy has shown sign of softening. Housing market is frozen with higher rates and there are higher risks of defaults for those (idiots) who financed with adjustable rate debt

The only real factor on the other side is cpi housing, which is a lagging indicator and is going down. As long as the economy wasn’t showing signs of softening the Fed could use such measures as an excuse not to lower rates — which in general I agree with.

I know this doesn’t fit your narrative but it’s likely what the fed is looking at.

 

a penny for your thoughts on Trump’s proposal on capping credit card interest rates?

 

I know. That’s why I have not been on the forefront of calling for rate cuts. It’s not like these rates are historically high. But given the circumstances I think the downside risks of keeping higher rates are more than the upside.

Again, we haven’t had any real inflation of new prices in around 2 years.

I’m quite sure if we were in the same situation and Trump was president you’d be screaming for rate cuts.

 

indeed. Instead of lowering inflation we would have had “reinflation”, caused by higher tariffs, reduced workforce due to mass deportations, massive deficits due to tax cuts like corporate tax drop off, no social security tax, no tax on tips, eliminate state and local tax cap - cap on credit card interest rates and massive subsidies for IVF babies.

 

Talk about inflated prices. Yikes.

 

So 95% of the countries of the world saw highest inflation in 40 years in 2022, but Trump would've magically protected us from this massive, global shortage issue how?

 

Don't go bringing in reality for crying out loud. There you go messing up the cognitive dissonance.

 

Explain, precisely, how we wouldn’t have inflation to start with.

 

He’s wrong. You see, if Hillary Clinton had been president instead of Donald Trump, she would’ve handled Covid so much better, we would’ve never have had any deaths, and then we would never have had shut downs and there would never have been inflation. The entire inflation issue was Donald Trump’s fault.

So easy to make up stuff.

 

Still waiting on ET's explanation of Trump's magic anti inflation wand! Because from where I sit, there can only be two possible explanations.

One, the global economy has no effect on the US economy, inflation was all Biden's fault in the US, and the fact 95% of the world saw equal, it not higher inflation during the same time was just a coincidence. LOL!

Or two, global economic forces effect the US, but Trump would've had a magic trick to shield us from the effects! Again, LOL.

 

This thread is a monument to you being wrong.

 

It's insane. Any rational person would understand that we would have had inflation no matter who was president. But cultists aren't rational people.

 

Has he ever started a thread that wasn't a monument to him being wrong?