Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

Johnny2X2X

(23,670 posts)

11. Powell speaking

Reply to Coventina (Original post)

Wed Nov 2, 2022, 01:48 PM

Nov 2022

Watching on Yahoo Finance.

It's crazy, he talks about continuing to raise rates, the markets crash, just 3 minutes later he talks about the end of rate increases being in sight, moments later the markets go up hundreds of points. The markets are just so sensitive right now.

He knows he's killing the economy, but it's the only tool he has.

He should have started hikes in 2021 and we'd be past all of this by now.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

19 replies

= new reply since forum marked as read

Highlight:

High unemployment, bad! Low unemployment, also bad! [View all] Coventina Nov 2022 OP

Yep ColinC Nov 2022 #1

I defend the Fed Casady1 Nov 2022 #2

The problem I also see with their actions... W_HAMILTON Nov 2022 #10

There is one nation that can resolve it...Russia. Yavin4 Nov 2022 #19

***Only if a Democrat is President. GoCubsGo Nov 2022 #3

yea i've also been questioning why low employment is viewed as a bad thing onetexan Nov 2022 #4

It's bad for business owners... Shipwack Nov 2022 #5

Fed will announce the new interest rate hike today Johnny2X2X Nov 2022 #6

Low Unemployment Is Poised To Become the New Normal Metaphorical Nov 2022 #7

Thanks so much for posting this! I wish I could rec your post! Coventina Nov 2022 #12

There's the 75 Basis Point raise Johnny2X2X Nov 2022 #8

I think the majority belief among economists is that the ideal situation... BlueCheeseAgain Nov 2022 #9

Powell speaking Johnny2X2X Nov 2022 #11

The Markets are always emotional. maxsolomon Nov 2022 #14

"Fire 1 Million!" -Zorg maxsolomon Nov 2022 #13

'real' wages bad... They don't care about employment unless JCMach1 Nov 2022 #15

THANK YOU !!! Obama had low unemployment, low gas and low inflation and the economy **STILL** uponit7771 Nov 2022 #16

Never mind that he rescued our entire economy from a complete meltdown. Coventina Nov 2022 #17

YEP !! uponit7771 Nov 2022 #18