Pochantas was in rare form today.
I don’t want this to get political. I mean, I’m about as apolitical as they get. She’s a moron.
Yeah it was ridiculous. And again you don’t have to be political to understand how it was oute Political Theater.
Highly unproductive.
I’m no fan of Powell but he handles her questions a lot better than I would. She wanted him to stop raising rates last summer when they were at 2% and wanted to send everyone $2000 monthly stimulus checks. What would inflation be if Warren got her way….15%?
Yeah, talk about tunnel vision. The criticism of the Fed is that they waited way, way too long to raise rates, not what they are doing now. "Transitory" has a permanent cache now because of those blinders. And boatloads of spending Warren is responsible for fanning the flames.
This is not even a Republican or Democrat issue.
Between both administrations during 2019-2021 they (The federal
Government) pumped 9 trillion dollars into the economy. Our entire economy is 22 trillion dollars.
Let that sink in for just a moment.
And interest rates were kept at zero that entire time.
This was a total team effort.
The roosters are coming home to roost.
Both sides need to STFU and allow monetary policy to run its course to cleanse out this stench of inflation.
Again I believe we already have been in a recession since summer of 2022….unemployment is gonna accelerate here shortly, housing is going to give way here shortly (not crash just correct) and by second half 2024 theybwill begin to cut to become more accommodating and re prime the pump to get the economy going again.
High quality, dividends, and more fixed income than you normally allocate to is the play for 2023 and 1st half of 2024. Then we can re-evaluate where things are going.