Federal Reserve

[John Hassler]

No, not typically. Thanks for pointing out the anomaly.

 

[alebrewer]

He most definitely is an anomaly. And that's not necessarily a bad thing - especially if you're using the past 5 presidents as the standard.

 

[Elliott]

Cleveland Fed Nowcast:

 

[Fernando]

One month CPI data is not sufficient (didn't have October thanks to Trump) for FED to lower interest rates.
Have to see another month to see if there's a downward trend.
In another words, how Trump's tariffs have maintained continual high prices.

 

[OSU Beavers]

 

[Fernando]

MSN

Why Jerome Powell was right all along about interest rates, inflation and the economy​

The president has been attacking Powell personally in a war on the Fed that is unprecedented in half a century. The president even demanded that short-term rates be cut to 1% or even lower.

Can you even imagine? At the time, the fed funds rate was in a range of 4.25% to 4.5%. Yet even then, the economy was rolling along well.

As the latest data shows, if the president had gotten his way, inflation would surely be rocketing again, the economy would be overheating and the Fed would have to raise short-term rates again. Meanwhile, long-term interest rates and mortgage rates would be soaring and the economy would be faced with stagflation and a deepening housing-market slump.

 

[Terrel L. Shields]

(didn't have October thanks to Trump)

No. Thanks to the democrats that voted to keep the budget resolution from passing...only to capitulate in its entirety because they had no choice.

 

[glenn walker]

Abolish the Federal Reserve all we need is a good Treasury.

 

[Elliott]

I asked AI what ex-Fed governors do:

"Who hires them
Their employers tend to be institutions with large regulatory or market exposure.
• Large commercial and investment banks and global payments networks.
• Fortune 500 corporates and mutual fund/asset management complexes seeking directors or advisers.
• Policy, economics, and regulatory consultancies, often boutique firms built around the ex-governor’s name.
• Universities, business schools, and research institutes that want high-profile monetary-policy expertise.
Compensation levels
Public data are sparse on individual ex-governor packages, but several anchors exist.
• While in government, senior Fed professional staff top out under roughly the high‑$100k range, illustrating that post-Fed roles in the private sector almost always pay significantly more.
• Board memberships at large financial and Fortune 500 firms commonly run into the low‑ to mid‑six figures per board seat per year in cash and equity, so a governor with multiple directorships can reach high six figures annually.
• Senior executive roles (e.g., vice chair of a sizeable bank, CEO of a major payments company) typically command full corporate executive packages, which in large institutions run well into seven figures when salary, bonus, and equity are included. "

......................
So they essentially vote to benefit the banks and get a post-Fed reward.