*”With Kamala stagnating, senate Democrats beg the fed to lower the rates 48 days before the election*”
Election year gamez
Must be election time lol.
Bidenomics!
Isn’t the economy great though??
Time to go into hyperinflation mode 😂😂😂
They’ve made a big bet on 75 bps cut. JP needs to raise it 25 bps just to troll the market. That 100 bps swing will crash all the markets.
Hmm… I’m going to write a letter and ask for a 900bps cut, that sounds nice.
The economy is good they keep saying
Was pissed when Trump stuck his big fat nose in The Fed’s work, and I don’t feel any different about these Democrats. Sit down, shut up, and let them do their job. All politicians can fuck off with their “gotta get re-elected” bias.
This just makes me think rates should not be cut.
This is irresponsible … the Federal Reserve must be independent of politics.
Only going to agressively cut rates in a bad economy. Current admin not going to admit to that. President and admin directly influences the FED
What would Nancy Pelosi do?
This sub is supposed to be an econ sub and the comments are made by people without GED’s and have never studied economics in their lives smh
Id rather higher rates and a stronger currency. Not lower rates and a weaker currency. Everyones foaming at the mouth with rate cuts but isnt solving out over encumbered debt issue at hand.
I keep seeing this story show up on my feed. Does anyone have the time to ELI5?
Oh, look! Political theatre!
Which clowns wrote this?
The 1% asking for more $$$ in their coffers
These Senators should be named.
Elizabeth Warren of Massachusetts
Sheldon Whitehouse of Rhode Island
John Hickenlooper of Colorado
Every single senator involved with this should be impeached tomorrow. I don’t care the political affiliation (I’m sure its democrats though). This is a threat. A massive overreach of power.
Particularly since inflation and high interest rates is the congress and the senate’s fault
What the … is this? Interference
Independence does not mean that private, public, or government entities can’t write letters, publish position papers, or suchlike. What they can’t do is use government to force or pressure the Fed to do anything. And frankly, I am highly dubious that such letters or papers really have any impact on the Fed. These letters are public for a reason; it’s a political stunt. If the Fed is even aware of this letter, I’m pretty sure their reaction is, “That’s nice.”
I have every confidence in this Fed (in particular) to do what needs doing without being pressured.
Personally I find 75 basis points to be excessive, but what do I know.
My bet is on 25. The market will probably make a sad face.
A 75 point cut would probably panic the market — because inasmuch as it will make money cheaper, it also signals worry.
A 25 point cut says, “inflation is winding down, and things are mostly fine.”
A 50 point cut would indicate more concern about jobs. It’s possible.
I highly doubt that this is real.
“Senators”. Why not name them in the headline?
They are Elizabeth Warren (D-MA), Sheldon Whitehouse (D-RI), and John Hickenlooper (D-CO).
Warren and Whitehouse are both up for reelection this cycle but neither race is considered competitive.
28 comments
Source:https://www.warren.senate.gov/imo/media/doc/warren_hickenlooper_whitehouse_letter_to_fed_re_september_rate_cut.pdf
The Fed is independent and rightfully so.
This is just a press release.
*”With Kamala stagnating, senate Democrats beg the fed to lower the rates 48 days before the election*”
Election year gamez
Must be election time lol.
Bidenomics!
Isn’t the economy great though??
Time to go into hyperinflation mode 😂😂😂
They’ve made a big bet on 75 bps cut. JP needs to raise it 25 bps just to troll the market. That 100 bps swing will crash all the markets.
Hmm… I’m going to write a letter and ask for a 900bps cut, that sounds nice.
The economy is good they keep saying
Was pissed when Trump stuck his big fat nose in The Fed’s work, and I don’t feel any different about these Democrats. Sit down, shut up, and let them do their job. All politicians can fuck off with their “gotta get re-elected” bias.
This just makes me think rates should not be cut.
This is irresponsible … the Federal Reserve must be independent of politics.
Only going to agressively cut rates in a bad economy. Current admin not going to admit to that. President and admin directly influences the FED
What would Nancy Pelosi do?
This sub is supposed to be an econ sub and the comments are made by people without GED’s and have never studied economics in their lives smh
Id rather higher rates and a stronger currency. Not lower rates and a weaker currency. Everyones foaming at the mouth with rate cuts but isnt solving out over encumbered debt issue at hand.
I keep seeing this story show up on my feed. Does anyone have the time to ELI5?
Oh, look! Political theatre!
Which clowns wrote this?
The 1% asking for more $$$ in their coffers
These Senators should be named.
Elizabeth Warren of Massachusetts
Sheldon Whitehouse of Rhode Island
John Hickenlooper of Colorado
Every single senator involved with this should be impeached tomorrow. I don’t care the political affiliation (I’m sure its democrats though). This is a threat. A massive overreach of power.
Particularly since inflation and high interest rates is the congress and the senate’s fault
What the … is this? Interference
Independence does not mean that private, public, or government entities can’t write letters, publish position papers, or suchlike. What they can’t do is use government to force or pressure the Fed to do anything. And frankly, I am highly dubious that such letters or papers really have any impact on the Fed. These letters are public for a reason; it’s a political stunt. If the Fed is even aware of this letter, I’m pretty sure their reaction is, “That’s nice.”
I have every confidence in this Fed (in particular) to do what needs doing without being pressured.
Personally I find 75 basis points to be excessive, but what do I know.
My bet is on 25. The market will probably make a sad face.
A 75 point cut would probably panic the market — because inasmuch as it will make money cheaper, it also signals worry.
A 25 point cut says, “inflation is winding down, and things are mostly fine.”
A 50 point cut would indicate more concern about jobs. It’s possible.
I highly doubt that this is real.
“Senators”. Why not name them in the headline?
They are Elizabeth Warren (D-MA), Sheldon Whitehouse (D-RI), and John Hickenlooper (D-CO).
Warren and Whitehouse are both up for reelection this cycle but neither race is considered competitive.