not sure why this is in the presidential race thread, especially given the administration's position on fed independence and that fact that the previous administration appointed this fed chief. NEVERTHELESS, I'm diving in.
Dax, do you believe the Fed operated poorly? Or did you post here beause you believe the executive branch should have a say in Fed decisions like Donald Trump does?
I personally believe the Fed/Jerome has navigated the last 5 years extraordinarily well. Our economy (objectively doing incredibly) is evidence of that. I do think they should have cut a bit earlier but they are nothing if not prudent in their moves so being late is better than being early imo. I also believe that one of the most important things we do is continue the Feds independence from the executive (or any other) branch.
I would love an honest good faith discussion on this, it's like my only hobby outside of youth sports coaching.
The price of lumber is plummeting, housing slow down is beyond here.
All indications are the manufacturing sector is in recession.
The tech sector is imploding in terms of job loss
Consumer numbers only appear up because the previous months were all revised down.
Transitory inflation now enters its 4th consecutive year.
Per the Oracles recent investment in Ulta we can say the lipstick index is screaming. For uninformed dolts that means women are setting aside higher dollar purchases in clothes and accessories and buying cosmetics.
My post had literally nothing to do with Fed’s management and everything to do with their need to manage this gaslighting, SFB administration.
Now featuring price fixing
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