This is terrible reporting. Didn't Powell just state the fed will 'Substantially reduce' balance sheet from $4T. Do your own research, rather than follow the cnbc pump
And now you can que the inflation! $UUP will suffer!
Are y'all gonna be talking like this when the next recession hits and there is no room to lower interest rates but to zero or below?
What a load of crap! Alexandria Ocasio-Cortez says capitalism does not work & everyone is outraged. She is correct. QE is a massive distortion that screws the little guy. Where does Adam Smith discuss subsidizing the rich?
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NY Fed Chairman Williams Finally Pleases Wall Street With Shutdown CommentNew York Fed chairman John Williams said today that the government shutdown will cut into quarterly GDP growth by as much as 1%. Don’t panic. Here’s how to interpret this: nigelchanakira MthuliNcube brains_muchemwa zkumwenda TrevorNcube JoeMutizwa mmawere
Source: Forbes - 🏆 394. / 53 Read more »
White House Adviser Says Fed Board Nominees Should Support Easy-Money PoliciesLawrence Kudlow said President Trump will seek to fill two Federal Reserve Board vacancies with nominees who don’t believe a rapidly expanding economy has to fuel faster inflation. Appoint Ron Paul to head the winding down of the Federal Reserve. yep and Trump also thinks he can just print more money when he & his buddies want more...he has NO CONCEPT of how economics work. Tumponomics only serves himself & billionaire buddies. they spend it all on the white too?
Source: WSJ - 🏆 98. / 63 Read more »
Deutsche Bank shares slip on reports of Fed investigation over Danske Bank scandalShares in Deutsche Bank fell more than 1 percent in early trading on reports that the U.S. Federal Reserve is investigating the German lender's role in a money laundering scheme.
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Perspectives: Why the Fed should be worried about deflationMany have defended Fed Chairman Jerome Powell's rate hike decisions, saying he wants to prevent the economy from overheating, writes Stephen Moore is a senior economic analyst at CNN. But the Fed has in fact created a very dangerous deflation in prices. Stop running Moore and Judicial Network crap - it’s all Dark Money. At the very least, have the balls to preface any of their crap with a statement or a band underneath as it runs. YOU continue to CREATE problems, not solve, and I have switched to MSNBC because of it. Is CNN so desperate that you’re taking Dark Money & not disclosing? Yes when you run Judicial Network ADS & don’t clarify source. Yes, when you run Stephen Moore & Heritage Comrades. I stopped watching your network long ago specifically because you put him on television.
Source: CNN - 🏆 4. / 95 Read more »