It continues to print money at record rates, stealing the value of your dollar.
They first told us there would be no inflation, then they said it would be mild, then they said it would be transitory, and now they say they will get it under control by going to a neutral monetary stance of 2.0-2.5% by years end. That is a stimulative stance, not neutral, and the Fed needs to be in a tightening stance to control inflation.
They are stealing the value of the dollar from the poor. All your wage increases aren't keeping up with your cost of goods.
The Fed is primarily responsible for this inflation and isn't serious about fighting it.
And Blackrock and JPM are loving it. JPM's savings account interest rate is still .01% when the Fed is hiking rates.
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You are always quite dramatic.
the value of the people’s money. She is choosing to take value from the people to soften to look for Dems as elections loom.
One can simply look to her behavior during the Trump years by comparison to see this.
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……nonpolitical entities are being used for political purposes. Those making the decisions at the top of some of them are actively partisan.
I criticized Trump when he criticized Yellen for her perpetual rate hikes during his time. Now, I see that he had a point. Trump always turns out to be right about these things, at least to some degree.
And has nothing to do with the Fed.
I think you’ve gone looney.
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And Baron posted in the present tense.
And then complained about the 1% in rate hikes that Yellen enacted during the Trump presidency while ignoring that Trump’s subsequent appointee continued the rate hikes.
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Except that it is necessary.