Head of Fan and Fred wants Powell out

[glenn walker]

Everyone want's the geezer out.

 

[djd09]

not me...

 

[Zoe]

U.S. applications for jobless aid fell to 233,000 last week as layoffs remain low

Fewer Americans applied for unemployment benefits last week as layoffs in the U.S. remain low despite uncertainty about how tariffs will impact the economy.

apnews.com

unemployment falls and jobs added increases. Not likely Fed will do anything to fed funds borrowing rate soon.

Still waiting to see what impacts tariffs will have also. Don't look for Fed reserve bank to change rates soon. Trump can want it all he wants. Not likely Fed will touch fed funds borrowing rate soon based on economic indicators.

 

[Zoe]

You know why Fan and Fred want it. Fed can't fuel inflation when economy is showing more than expected job growth and lower unemployment. Most of the employment grew from govt jobs and like healthcare industry. Lowest private sector job growth in a long time.

Fed reserve bank has no reason to do anything at the moment.........relative to fed funds borrowing rate. They don't operate on Trump or Fan or Fred or FHFA wishes.

 

[Tawfik Ahdab]

But, but, as a US government Administration official, Pulte is thinking only about the good of America, and not of how his position would benefit his namesake company.

 

[glenn walker]

Powell hasn't a clue and he needs fired.

 

[Zoe]

Powell hasn't a clue and he needs fired.

He is just a figurehead. We as appraisers would like lower borrowing rates because it boosts business. Powell has economist smarter than him studying all kinds of economic indices.

The lower unemployment rate and higher than expected job growth tied the Fed's hands. The thing that I am sure they considered also is most of the job growth came from government jobs and healthcare. None the less, it was way more than forecasted job growth.

If Trump is cleaning house, how did government job growth occur so much? I understand on the healthcare job growth. On overall job growth, I think it is lowest in private sector since like last October.

 

[Zoe]

Almost all the experts say it will take the rest of year to see what tariffs will do to the economy. I think Trump is sending out tariff letters in a few days to like 200 countries.

 

[Elliott]

I dunno about F/F, but Peter Navarro details the 'real' cost of keeping interest rates too high:

 

[djd09]

https://twitter.com/x/status/1942312725440324079

... the scam of banking where loans are made with money the banks don't have