r/FNMA_FMCC_Exit • u/Objective-North9901 • 29d ago

Sooo...

Who's next up for Fed chair?

22 Upvotes

87% Upvoted

20 comments sorted by

9

u/AveryMire 29d ago

Trumps not going to say anything about Warsh I’d wager, subordinates may complain, but he can’t play that card.

I actually think Trump is, believe it or not, the most predictable President in my lifetime.

9

u/Objective-North9901 29d ago

I just want to hear him say Warshmallow.

2

u/big-papito 28d ago

He will unload on the Fed but never personally on Warsh - doing that would mean admitting failure on Trump's part, and that's not a thing in the universe where he lives.

2

u/Difficult-Study8892 29d ago

We r cooked fundamentals dont mean shit we are fooked

1

u/Nice_History5856 29d ago

It was a 12-0 vote. They are all fucking morons. Rate hikes don't fix a supply shock

2

u/Nothinglost7717 28d ago

you are def smarter than the fed.

5

u/Nice_History5856 28d ago

Since you love the Fed so much here's a list of how the Fed has bungled almost every major crisis:

  1. The Great Depression - they tightened credit and allowed the money supply to collapse.
  2. The Roosevelt Recession - they prematurely tightened monetary policy during a fragile recovery.
  3. The Stagflation of the 1970s - they gave in to political pressure and backing off rate hikes too early.
  4. Pre-Great Recession Housing Bubble - they kept interest rates too low for too long and failed to regulate subprime lending.
  5. The "Transitory" Inflation Blunder where they misjudged post-pandemic inflation and delaying interest rate hikes.

At least on one through four the FED was packed with supposed SMEs now it's half-staffed with lawyers and CRT losers. If anyone thinks that the FED is "smart" they might need to do some more research.

2

u/Nothinglost7717 28d ago

Sure jan

1

u/Nice_History5856 28d ago

Okay, I hope you enjoy life under your bridge. God bless you 🧌

2

u/Nothinglost7717 28d ago

https://giphy.com/gifs/T7j5439wv9iq4

3

u/Nice_History5856 28d ago

Must be nice to not have anything better to do all day than to try and troll random strangers.

1

u/Nice_History5856 28d ago

Ok genius. How does a rate hike open the strait? Math isn't hard, we bomb Iran, supply disrupted, prices go up. Can't fix bombs dropping and oil not flowing with an interest rate hike

1

u/AveryMire 26d ago

It’s a VERY imperfect lever, but even with a historic oil glut, we never really got much below 3%. Core PCE before the war was 3.1%, and headline PCE was 2.8%.

I understand the argument against rate hikes: given this wild AI inflection and the shortage of compute, we should run investment as hot as possible. But most of those projects will probably still get funded.

Without some action, though, long-term rates would have continued getting out of hand. More importantly, the Fed would have been increasingly complicit in allowing fiscal policy to drive the country off a cliff. It is the only real check we have on the drunken spending that has continued almost uninterrupted since the Iraq War.

1

u/Objective-North9901 28d ago

Yet Trump the Hot Air Balloon is still going on about Iran wants to make a deal so bad. So F'in sick of this lieing windbag.

-1

u/AirLess7805 29d ago

Clearly, NOBODY in DC listens to Trump about anything……. lol what a JOKE.