History has shown time and again that despite all the angst over Fed "independence", it has always been an incredibly political organization, and more concisely, a partisan one as determined by the 90+% of Fed economists who are registered democrats. Consider that some of the most dovish governors, Cook and Jefferson, who were all about low rates during the inflation run in 22-23, are suddenly concerned.
It is worth remembering that we had no persistent inflation when there was no Fed ( pre-1913). Since then the purchasing power of the US dollar has declined well over 90%. Gold is hated by the free spenders because it is a constant reminder of their lack of self-control over spending and belief that “stuff is free.”
I think Powell intended to help Biden when he cut rates before the 2024 election, but this time I think he see inflation coming back. He is very likely to capitulate this time and cut rates and inflation (highlighted in gold’s moves) is going to jump and cause a lot of pain to everyday Americans.
Powell has become politically active and showed it by lowering rates to hope to get Kamala elected but lost credibility by helping create inflation while the Trump economy undr Biden was growing fast after covid — he created the weak economy with high inflation !! Time to send him
The reason Powell doesn't cut rates is due to the FACT that the 'Federal Reserve' is NOT part of the U.S. government; it is a foreign controlled entity and currently ordered to bring the U.S. economy to a grinding halt in order to pave tge way for cabal agenda - 15 minute cities, total public reliance upon government for life essentials, loss of all freedom and property, and continuation of depopulation by the gene therapies, chemtrails, snd outright poisoning of our air, land, water, and food. Ny doubters???
History has shown time and again that despite all the angst over Fed "independence", it has always been an incredibly political organization, and more concisely, a partisan one as determined by the 90+% of Fed economists who are registered democrats. Consider that some of the most dovish governors, Cook and Jefferson, who were all about low rates during the inflation run in 22-23, are suddenly concerned.
It is worth remembering that we had no persistent inflation when there was no Fed ( pre-1913). Since then the purchasing power of the US dollar has declined well over 90%. Gold is hated by the free spenders because it is a constant reminder of their lack of self-control over spending and belief that “stuff is free.”
I think Powell intended to help Biden when he cut rates before the 2024 election, but this time I think he see inflation coming back. He is very likely to capitulate this time and cut rates and inflation (highlighted in gold’s moves) is going to jump and cause a lot of pain to everyday Americans.
One acronym: TDS
Powell has become politically active and showed it by lowering rates to hope to get Kamala elected but lost credibility by helping create inflation while the Trump economy undr Biden was growing fast after covid — he created the weak economy with high inflation !! Time to send him
Packing
The reason Powell doesn't cut rates is due to the FACT that the 'Federal Reserve' is NOT part of the U.S. government; it is a foreign controlled entity and currently ordered to bring the U.S. economy to a grinding halt in order to pave tge way for cabal agenda - 15 minute cities, total public reliance upon government for life essentials, loss of all freedom and property, and continuation of depopulation by the gene therapies, chemtrails, snd outright poisoning of our air, land, water, and food. Ny doubters???