Thursday, August 01, 2019

Kansas City Fed Leader Against Rate Cut

Reader suggested link from some of the smarter denizens of our blog community . . . Whilst the impact on the local housing market might be negligible . . . Here's better reporting on a local power player opposing the Prez and his monetary policy. Remember that this info is probably more important than just about every political item this week that's mostly just bad theater from different sides of the same coin whereas this is vital reporting regarding the sordid topic of coin . . .

Two Fed officials disagree with decision to cut interest rates

Two Fed officials disagreed with the central bank's decision to cut interest rates Wednesday. Both Boston Fed President Eric Rosengren and Kansas City Fed President Esther George voted to keep rates unchanged with a federal funds target rate of between 2.25% to 2.5%.

8 comments:

Anonymous said...

The Fed is trying hard to head off the Trump recession.

But then Trump raised taxes again today.

Don't look at your 401Ks.

Anonymous said...

^^^ Mine looks great jackass.

Anonymous said...

Nutter machine liveth.. allegedly controlled federal reserve and board like a chess game.

Allegefly Controlled interest rates for mortgage loans by having folks appointed that would do as told. Allegedly Nothing new going on for decades

Anonymous said...

S&P 500 was down 6% last year.

Dow was down 280 points today and 334 yesterday.

GDP is now only 2%. Trump promised 6% or more. He's now actively weakening the US dollar. The sugar high from his Wall Street tax cuts has worn off.

If your 401K is still fine, it's because Obama's stock market performance during his 2 terms was much better.

Anonymous said...

^^^ you’re an idiot

Anonymous said...

^^^ Sorry the math contradicts your agenda.

Anonymous said...

^^Ha! You smashed taht geezer's skull!! Good job!

Anonymous said...

Remember when President's used to let the people appointed just do their fucking jobs. I miss that shit. Not only is Trump dumb, he micromanages the shit out of everything. I'm 100% that guy is an insufferable jackass to work for.