Jamie Dimon calling for rates to go 2% higher

Ka$hkari was doing the rounds today saying 25 basis pts and flat for 2024. Found that to be interesting. Higher rates for longer seems to be the game. Also he played it straight that the Fed doesn’t comment on the debt.

 

BS!

 

Rick from the internet knows more about the FED than the FED ... LOL.

 

In have been saying that the policies also have something to do with our out of control inflation... that and deficit spending and our national debt... all contribute to our inflation.

Lol.. "transitory inflation"... my azz. Yep, policy driven inflation...

Inflation will only get hotter if Biden and congressional Democrats press ahead with even more grandiose spending, attempting to insert the federal government into every nook and cranny of Americans’ lives. Sen. Bernie Sanders (I-Vt.), head of the Senate Budget Committee, who describes himself as a democratic socialist, is effectively running the show; he wants to give Americans free college, free health care, free childcare, free senior care, free housing and who knows what else.

Price increases no longer look “transitory,” which has been the ready answer from economists singing in unison with Federal Reserve Chairman Jerome Powell. Rather, inflation appears to be gaining speed and taking hold. A growing number of analysts are now describing the price hikes as entrenched, and likely to endure.


Former Obama administration economist Larry Summers has been one of the more vocal critics of Democrats’ spending spree, warning for months that it could spur higher prices. In response to the new data, Summers is adamant, saying recent reports raise “my degree of concern about an economic overheating scenario. There are huge uncertainties in the outlook, but I do believe the focus of concern right now should be on overheating.”

https://thehill.com/opinion/finance...ing-rampant-inflation-falling-real-wages-and/

 

Here's her website with multiple links to FoxNews .... Home – Liz Peek


"Liz Peek writes and appears on television, giving a strong conservative view on the latest news in politics and economics. "

you are posting an Opinion piece from a right-wing commentator and I'm posting the words of the FED... I think I might win that one

 

I don’t know who she is but there is at least enough truth in there to be concerned about. We can certainly find more notable mainstream sources who say some of the same things.

 

But even that doesn't get you half-way there. Rick is arguing that the FED is trying to punish or counteract the elected officials in congress, when there is zero evidence of such. If the FED keeps raising rates, IMO, it would be for their actual stated opinion that they need to damage the job market (i.e., raise unemployment) in order to permanently put inflation to rest. That has nothing to do with deficit spending.