So, listening to Powell and comparing the FED's analysis of our economic future to the administration's, how can two supposedly intelligent groups look at same data and come to such differing conclusions.
To be certain, I don't necessarily believe either 100%.
Anyone notice that after Powell's Q&A sessions, markets seem to decline? If ever there was a person who seems to find the negative in nearly every situation it's him.
Anyone have any inside experience with the FED. Is the vote real or just a rubber stamp for what the chairman wants?
I did find it interesting that on a CNBC segment they showed comparisons of the FED's last two rate cuts - inflation % and unemployment %. In both cuts, one .5 and one .25, there were the exact same numbers as today....2.1% inflation and 4.2% unemployment. They cut them but not today.
To be certain, I don't necessarily believe either 100%.
Anyone notice that after Powell's Q&A sessions, markets seem to decline? If ever there was a person who seems to find the negative in nearly every situation it's him.
Anyone have any inside experience with the FED. Is the vote real or just a rubber stamp for what the chairman wants?
I did find it interesting that on a CNBC segment they showed comparisons of the FED's last two rate cuts - inflation % and unemployment %. In both cuts, one .5 and one .25, there were the exact same numbers as today....2.1% inflation and 4.2% unemployment. They cut them but not today.
