Who should be the next Federal Reserve Chairman?

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   jackclee lmposted 6 years ago

   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...?

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      colorfuloneposted 6 years agoin reply to this

      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.

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         jackclee lmposted 6 years agoin reply to this

         Yes I know. I have made 14% return so far this year, better than past 8 years.
         I know this won't continue and all is waiting for the bubble to collapse. I do implement some hedging to protect my investment. Checkout my hub on how to do it...

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   Paul Wingerttposted 6 years ago

   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.

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      jackclee lmposted 6 years agoin reply to this

      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.

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         colorfuloneposted 6 years agoin reply to this

         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. 
         
         Just saying.

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      ahorsebackposted 6 years agoin reply to this

      Paul , did it hurt badly to lose the election ,  it sure  seems so ?

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         jackclee lmposted 6 years agoin reply to this

         You can stop wasting your time with Paul, he is a troll...

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            ahorsebackposted 6 years agoin reply to this

            One more of a few million sad Hilary /DNC castaways ,   or did he vote the Bern?

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