How will Joe Biden GOVERN? General Biden Administration F**kery Thread

[Pressure]

Powell carried on with same monetary policy we’ve had since the Great Recession

You don't have to lie to kick it. He made a big change from our standard policy.

Powell announces new Fed approach to inflation that could keep rates lower for longer

The Federal Reserve announced a major policy shift Thursday, saying that it is willing to allow inflation to run hotter than normal in order to support the labor market and broader economy.

www.cnbc.com

The Federal Reserve announced a major policy shift Thursday, saying that it is willing to allow inflation to run hotter than normal in order to support the labor market and broader economy.

In a move that Chairman Jerome Powell called a “robust updating” of Fed policy, the central bank formally agreed to a policy of “average inflation targeting.” That means it will allow inflation to run “moderately” above the Fed’s 2% goal “for some time” following periods when it has run below that objective.




The changes were codified in a policy blueprint called the “Statement on Longer-Run Goals and Monetary Policy Strategy,” first adopted in 2012, that has informed the Fed’s approach to interest rates and general economic growth.

As a practical matter, the move means the Fed will be less inclined to hike interest rates when the unemployment rate falls, so long as inflation does not creep up as well. Central bank officials traditionally have believed that low unemployment leads to dangerously higher levels of inflation, and they’ve moved preemptively to head it off.

We enjoyed in in the stocks thread because it meant we were gonna eat off a lot of growth stocks and companies with poor fundamentals because the money counter goes brrr. Pumping up the stock market as a sign of the overall economy was a key factor of Trumpian economic policy. He did two things to show the economy was good:

1.) Look at the stock market
2.) Look at unemployment
3.) fukk everything else

And overall Biden has followed that same policy.

 

[Pressure]

What does politics have to do with monetary policy?

I think you are confused

My guy, inflation was the number one conversation piece on Powell's nomination hearing. He and Biden assured the public they had it under control. They then went on to keep the foot on the gas (low rates while at near full employment) and let inflation run hot. Now inflation is high and it's the number one issue for voters.

IF you don't think Biden deserves blame here you're being an apologist plain and simple.

 

[CrimsonTider]

My guy, inflation was the number one conversation piece on Powell's nomination hearing. He and Biden assured the public they had it under control. They then went on to keep the foot on the gas (low rates while at near full employment) and let inflation run hot. Now inflation is high and it's the number one issue for voters.

IF you don't think Biden deserves blame here you're being an apologist plain and simple.

This is just pure second guessing.

No one would raise rates if all the available data points to inflation occurring because of supply shock

None of this is politics

 

[Pressure]

This is just pure second guessing.

No one would raise rates if all the available data points to inflation occurring because of supply shock

None of this is politics

1.) this is politics because Biden appoints people to the body responsible for raising rates.
2.) None of this is second guessing as I'm sending you data and discussions from 2020
3.)You're shyt posting

 

[CrimsonTider]

1.) this is politics because Biden appoints people to the body responsible for raising rates.
2.) None of this is second guessing as I'm sending you data and discussions from 2020
3.)You're shyt posting

Why would anyone contract the money supply when you have supply constraints and availability issues?

This is just pure insanity

And raising rates would’ve made things worse not better

 

[Pressure]

Why would anyone contract the money supply when you have supply constraints and availability issues?

This is just pure insanity

And raising rates would’ve made things worse not better

To stave off inflation

 

[CrimsonTider]

To stave off inflation

This is some Monday morning QB shyt

Having appropriate supply to meet demand fixes inflation too

Raising interest rates doesn’t do much to inflation when everything is out of stock

 

[Pressure]

This is some Monday morning QB shyt

Having appropriate supply to meet demand fixes inflation too

Raising interest rates doesn’t do much to inflation when everything is out of stock

You're attempting to rewrite history. Even Powell admitted he missed the mark and the people questioning why the feds weren't taking more action as labeling inflation as transitory as being right and his projections as being wrong. Stop it.

“These effects have been larger than we expected, and they may turn out to be more persistent than we expected, but the incoming data are very much consistent with the view that these are factors that will wane over time and then inflation will move down toward our goals,” Powell told the Select Subcommittee on the Coronavirus Crisis. -june 2021

 

[OfTheCross]

 

[OfTheCross]

Damn. He needs to do more of these shows...including with Fox. Killed this shyt.

I like the "we have 50 Presidents" talking point when speaking about the Senate. Any one of those Republicans can kill a bill.

 

[Pressure]

Damn. He needs to do more of these shows...including with Fox. Killed this shyt.

I like the "we have 50 Presidents" talking point when speaking about the Senate. Any one of those Republicans can kill a bill.

He's better when he's just out there being relatable / likable.

 

[ADevilYouKhow]

Bernie Sanders, Elizabeth Warren, and other Democrats want to pay retirees an additional $2,400 in their Social Security checks — by raising taxes on the richest Americans

The plan is very unlikely to draw GOP support, given their resistance to tax increases to pay for expansions of benefit programs.

www.businessinsider.com

 

[☑︎#VoteDemocrat]

Listen to Greg Carr at 55:50:













@ColdSlither @wire28 @Th3G3ntleman @ezrathegreat @Jello Biafra @humble forever @Dameon Farrow @Piff Perkins @Pressure @johnedwarduado @Armchair Militant @panopticon @Tres Leches @ADevilYouKhow @dtownreppin214 @DrDealgood @Red Shield

 

[88m3]

 

[OfTheCross]

Democrats passed a red flag law

H.R. 2377: Federal Extreme Risk Protection Order Act of 2021 -- House Vote #255 -- Jun 9, 2022

House Vote #255 in 2022, in the United States Congress.

www.govtrack.us