"The Dow Jones is at record levels"
Yeah - because inflation is fucking us.
Inflation “risks”? Got news for you, inflation is already here. We are in full on stagflation now.
I bet this is a job preservation maneuver where he's trying to placate Trump to avoid replacement with a Fox News host. If the wrong people get into The Fed's leadership, we could get into depression territory rather quickly. Note that this isn't an endorsment of the current Fed leadership. They have continued the anti-labour policy established since the beginning of the neoliberal era.
Guess the turnips pressure got to him. It was the last thing holding the economy in a semi working order. This is going to cause us to go into a deep recession.
He hasn’t signed off on anything yet. Analysts seem to be in almost uniform agreement that a cut will come next month, though…
I really hope he raises interest rates just to fuck with everyone. But it's unlikely
For whatever reason I have this thing in my head that September is a notoriously common month for financial shitshows to occur.
But I can't back it up, that might just be me remembering 2008.
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