Janet Yellen's term is up in Feb. 2018. Who should Trump pick as the next chairman?
It is no secret that the low interest rate set by the Fed. over the past 10 years has led to the growth of the stock market.
The rise was partly due to the shift in investment strategy by people with savings in their 401k and IRAs. When the interest rate by banks are less than 1%, it is an easy decision to invest in the market.
Another reason for the low rate by the fed. is to fund the deficit spending by our government. We have racked up the debt to 20 trillion dolars. If the interest rate was at traditional rate of 4-5 percent, our service of the debt will be drastically increased...
In a way, the Fed. has created a bubble in the market.
Now it is time to pay the piper...or continue the pumping...?
It looks like they are going to continue pumping at this point. Bonds have stabilized because the Fed put a little money there. I would rather pay the piper now rather then later, but the Fed has a history of cold feet.
It a good time to take advantage of the market, people are raking in the duo. If you like that sort of thing. The stock market is amazing.
If the orange POS stays with his pattern on filling in top cabinet positions, he will surely choose someone who is a serious religitard that doesn't know what the Federal Reserve is.
He chose Powell to be the new Chairman of the Fed. I guess it is going to be the same policies as Janet Yellen. They are two peas in a pod.
I don't know why Trump picked Powell, maybe its because he wants the Fed to go down with the ship. Yellen printed a whole lot of money, and Powell will do the same. They have to follow the FR's Road To Roota theory until the system implodes while they soak as much out of the system that they can in unbacked fiat paper money. The game plan is to return to the Golden Age. For now gold and silver prices will continue to be rigged, but hey, its at discounted sale prices. Powell could implode right away, but I am going to guess that won't happen till after the beginning of next year.
Paul , did it hurt badly to lose the election , it sure seems so ?
by rakuba7 years ago
Does Existence of the Federal Reserve Contradict Free Market?
by Moderndayslave5 years ago
This is just One reason we need to end the Fed. http://www.youtube.com/watch?feature=pl … dd4selSYE0
by Evan G Rogers5 years ago
I've been told numerous times that "creating money out of thin air" is a good thing. And when I argued against it, the "conscience of the liberal" told me I was ignorant.Then, when I pointed out that...
by Jack Lee4 months ago
Equal odds that the GDP will be better or worst...than projected...in the future.Thanks for that forward guidance.Spoken like a true politician.Where does she get her training? In Vegas?Is she qualified to run the Fed?
by fishskinfreak20087 years ago
http://finance.yahoo.com/news/Fed-chief … 0&.v=7So what are lawmakers saying about this? According to Senate Minority Leader Mitch McConnell, "I think (that) the chairman is going to be confirmed ON A...
by Ralph Deeds7 years ago
Critics say Bernanke isn't following his own advice because the Fed Board is divided and because Obama has failed to fill Fed vacancies.http://www.nytimes.com/2010/08/13/opini … ef=opinion
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