The Fed citing economic growing risk maintains interest rates

08 May 2025, 05:08

LHeym500

“We think right now the appropriate thing to do is to wait and see how things evolve,” Powell said. “There’s so much uncertainty.”

Just before the Fed released its statement, Trump indicated he would not back down from his administration's current 145% tariff duties on China.

Powell said in his post-statement comments that inflation sparked by the tariffs could either end up being short-lived or long-lasting, depending on how high the tariffs get and how long they are in effect.

08 May 2025, 07:03

TomP

quote:
Originally posted by jeffeosso:
Powell SAID he was worried about the economy heating up to fast.

Hey, can you remind me real quick, what was the interest Nov 4th, 2020.. should be easy enough to find

Rates were held awfully low for a long time. Last time we bought a house mortgage rates were 6 percent and up. I was starting a business so the bank wanted 8 percent. We bought from a private seller who was happy with 6 and change.

The artificially low rates enabled some downright silly increases in house prices...

08 May 2025, 07:34

JTEX

quote:
Originally posted by TomP:
[QUOTE]Originally posted by jeffeosso:
Powell SAID he was worried about the economy heating up to fast.

Hey, can you remind me real quick, what was the interest Nov 4th, 2020.. should be easy enough to find

08 May 2025, 07:36

LHeym500

quote:
posted 08 May 2025 05:08 Hide Post
“We think right now the appropriate thing to do is to wait and see how things evolve,” Powell said. “There’s so much uncertainty.”

I agree interest rates were artificially, too low.

I also know the Fed Chair said this today,
“We think right now the appropriate thing to do is to wait and see how things evolve,” Powell said. “There’s so much uncertainty.”

08 May 2025, 17:58

jeffeosso

What Powell SAID

quote:
Powell: Economy is solid, our policy is well positioned to respond

https://www.forexlive.com/cent...to-respond-20250507/

08 May 2025, 18:16

Steve Bertram

Somebody had a nice big glass of Kool-aid this morning.

Powell said more than that Princess, here is a bit more:

“The labor market is sold, inflation is low. We can afford to be patient as things unfold,” he said, following the announcement. “There’s no real cost to our waiting at this point.”

“There’s a great deal of uncertainty about … where tariff policies are going to settle out and also, when they do settle out, what will be the implications for the economy, for growth and for employment,” the Fed chief added.

https://www.msn.com/en-us/news...n3?ocid=BingNewsSerp

You sure have doubled down on stupid lately Jeffe, try pulling your head out of Trump's ass, you might see the light.

08 May 2025, 18:47

Magine Enigam

quote:
Originally posted by Steve Bertram:

https://www.msn.com/en-us/news...n3?ocid=BingNewsSerp

Trump rips Powell after Federal Reserve holds rates steady: ‘FOOL’
Story by Sarah Fortinsky • 1h • 2 min read

==========================================

Thankfully the Fed is not under Trump's control, although he wants it to be.

All he can do is lie and spin and run his mouth.

*************
“Those who control the present, control the past and those who control the past control the future.” George Orwell, 1984
https://www.google.com/search?...sclient=gws-wiz-serp

Degenerate 1:1
1 Then Trump said, "Let Us re-make a Nation in MY Image, after My likeness, to rule over everything in the Nation, and over all the earth itself and every creature that crawls upon it".

Degenerate 1:2
2 Then Trump said, "Vengeance is mine, I will repay on your behalf."

Degenerate 1:3
3 "My Kingdom come, My will be done."

"When fascism comes to America, it will be wrapped in the flag and carrying a cross." - Sinclair Lewis

O.J. Trump aka Trumpism's Founding Farter, aka Farter Martyr.

"Be careful. When a democracy is sick, fascism comes to its bedside, but it is not to inquire about its health." - Albert Camus

08 May 2025, 19:12

ledvm

Personally, I like interest to be in the 5’s or even 6’s. That is where my industry thrives.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
J. Lane Easter, DVM

A born Texan has instilled in his system a mind-set of no retreat or no surrender. I wish everyone the world over had the dominating spirit that motivates Texans.– Billy Clayton, Speaker of the Texas House

No state commands such fierce pride and loyalty. Lesser mortals are pitied for their misfortune in not being born in Texas.— Queen Elizabeth II on her visit to Texas in May, 1991.

08 May 2025, 21:28

Steve Bertram

That is not working out to well for servicing our debt Lane, Trump's poor policy is costing all of us taxpayers huge

08 May 2025, 21:48

jeffeosso

Nah, 2% is better for "the American Dream".. keeps COL down. Anything over 3% is only good for banks

08 May 2025, 23:04

LHeym500

Let us see what else the Fed Chair said, “The committee … judges that the risks of higher unemployment and higher inflation have risen.”

09 May 2025, 04:26

jeffeosso

quote:
Originally posted by LHeym500:
Let us see what else the Fed Chair said, “The committee … judges that the risks of higher unemployment and higher inflation have risen.”

is there a POINT? don't you know the basics of risk management? a RISK has NOT happened, an issue has -- not like you are a lawyer or anything, that knows a thing or 10,000,000 about caveats

oh, btw, inflation, a fact, is lower than anytime during the rate cuts of '24 --

09 May 2025, 04:31

LHeym500

The point is President Trump’s economic policy has put inflation and unemployment in play that has spiked the Fed from lowering rates.

I figure a man w your background did not need it spelled out for you.

09 May 2025, 04:51

jeffeosso

quote:
Originally posted by LHeym500:
The point is President Trump’s economic policy has put inflation and unemployment in play that has spiked the Fed from lowering rates.

I figure a man w your background did not need it spelled out for you.

yeah.. TRUMP has the last 48 months of record inflation in your life time -- and the second most in anyone alive today's life time -- that was TRUMP wasn't it?

there's battles you should choose not to engage with - here's your sign --

why didn't the Fed lower interest rates at 4 and 5 % per month prior to 2024? hmmm? most intelligent persons engage the brain before speaking/typing --

even shane gillis would feel a little dirty about this exchange

09 May 2025, 05:30

Steve Bertram

quote:
Originally posted by jeffeosso:
quote:
Originally posted by LHeym500:
The point is President Trump’s economic policy has put inflation and unemployment in play that has spiked the Fed from lowering rates.

I figure a man w your background did not need it spelled out for you.

yeah.. TRUMP has the last 48 months of record inflation in your life time -- and the second most in anyone alive today's life time -- that was TRUMP wasn't it?

there's battles you should choose not to engage with - here's your sign --

why didn't the Fed lower interest rates at 4 and 5 % per month prior to 2024? hmmm? most intelligent persons engage the brain before speaking/typing --

even shane gillis would feel a little dirty about this exchange

Look over there! It's a squirrel!

Sorry Honey, today's Fed moves regarding interest rates are directly tied to that orange turd's policies. Just ask Powell. Whoops, no need, he has told us his rational.

But there you are, drinking that Kool-Aid, just like a good cult member

You are gift that keeps on giving Jeffe.

09 May 2025, 07:09

LHeym500

quote:
Originally posted by Steve Bertram:
quote:
Originally posted by jeffeosso:
quote:
Originally posted by LHeym500:
The point is President Trump’s economic policy has put inflation and unemployment in play that has spiked the Fed from lowering rates.

I figure a man w your background did not need it spelled out for you.

yeah.. TRUMP has the last 48 months of record inflation in your life time -- and the second most in anyone alive today's life time -- that was TRUMP wasn't it?

there's battles you should choose not to engage with - here's your sign --

why didn't the Fed lower interest rates at 4 and 5 % per month prior to 2024? hmmm? most intelligent persons engage the brain before speaking/typing --

even shane gillis would feel a little dirty about this exchange

Look over there! It's a squirrel!

Sorry Honey, today's Fed moves regarding interest rates are directly tied to that orange turd's policies. Just ask Powell. Whoops, no need, he has told us his rational.

But there you are, drinking that Kool-Aid, just like a good cult member

You are gift that keeps on giving Jeffe.

I’ll rest on the fed’s criticism of President Trump’s policy.

09 May 2025, 16:59

jeffeosso

quote:
Originally posted by LHeym500:]

I’ll rest on the fed’s criticism of President Trump’s policy.

you are confusing rationale for private banks to keep making money with criticism -

if the feds' rates criticized a POTUS, go look what happened in YoOL 2000, where the fed SPANKED, according to your measure, Bill Clinton

09 May 2025, 17:43

Steve Bertram

quote:
Originally posted by jeffeosso:
quote:
Originally posted by LHeym500:]

I’ll rest on the fed’s criticism of President Trump’s policy.

you are confusing rationale for private banks to keep making money with criticism -

if the feds' rates criticized a POTUS, go look what happened in YoOL 2000, where the fed SPANKED, according to your measure, Bill Clinton

\
Trumptard logic at its finest

You have seen the quotes, in plain English, the Fed has most certainly stated that the reason for keeping rates constant is the tariff policy of the orange turd.

Yet you continue on, removing all doubt that you are anything but a cult member.