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She never complained about inflation when her team was deficit spending us into debt serfdom.
She doesn’t care about your cost of living. She’s just pissed off the @federalreserve isn’t monetizing debt for her team.
Evil Liz - why don’t you ever tell the truth about QE?
Inflation is a real problem, and families are feeling it every day.
And Trump’s reckless policies are making things harder—driving up the price of goods people rely on.
We need an economy that works for working families, not one where they keep picking up the tab.
Like clockwork:
"The Bureau of Economic Analysis is set to tweak its formula for measuring inflation, with expectant downward pressure on the core Personal Consumption Expenditures Price Index forthcoming."
Via @GrantsPub
@RudyHavenstein@federalreserve Maybe so, but she never talks about the printing press. She likes that the sheep are uninformed and she has no interest in educating them.
I once donated money to her because I thought she was serious about going after the banks. Shame on me.
Trump made a Presidential come back to hold the undisputed and never to be challenged record of the worst President ever for two non consecutive terms. That man is in a shit class of his own.
'Net approval for Mr Trump’s decision to attack Iran now stands at -30% among Americans. The war in Vietnam took six years to become as reviled as the Iran war has become in six months.' economist.com/united-states/…
@LawrenceLepard While I’ve run out of words to describe the fed’s ongoing bullshit, this Nolan piece really does an excellent job calling a spade a spade…and it does so far more eloquently and politely than the fed deserves.
Doug Noland commenting on Warsh testimony.
But I guess the forward guidance moratorium doesn’t apply to signaling to the markets that the Warsh Fed will be ready to aggressively respond to market crisis. It appears many changes will be forthcoming for our central bank. The Fed “put,” so fundamental to market speculation and leverage excesses, is safe, secure, and off limits. Warsh’s first major mistake was failing to signal a much-needed rethink of Federal Reserve crisis policy dynamics.
Warsh: “In periods of crisis, when markets aren’t clearing, I am willing to be quite aggressive in what the Fed does with its balance sheet [LL: Big Print?] , the assets that we buy as necessary in unusual and exigent circumstances.”
“So, I like interest rates as the dominant ways to make monetary policy, and I’d prefer all the things being equal to use balance sheets when the crises are real.”
Representative Ritchie Torres: “Quantitative easing. Do you believe quantitative easing is inherently inflationary? Yes or no, and then...”
Warsh: “That question I can answer simply. I don’t think it’s inherently inflationary, especially if we adopt quantitative easing in the depths of a crisis. It can often provide liquidity to markets that need it.”
LL: wow that last Warsh comment is a whopper and contradicts his earlier comments that "the expanded balance sheet has been a significant contributor to inflation". Which is it Kevin? I guess when you are lying it is tough to keep your stories straight, huh?
Listen carefully to US Secretary of State Marco Rubio.
The desperation is clearly dripping from every word.
Watching him now suddenly appeal to the UN is rich, considering his own administration branded it as irrelevant, undermined it, and slashed its funding.
There is a lesson to be learned:
Do not start wars you can not win.
And if you do, stop whining about it.
Own the consequences.....
He sells troops.
“We have a very good relationship with Saudi Arabia—I said, listen, you’re a very rich country. You want more troops? I’m going to send them to you, but you’ve got to pay us. They’re paying us. They’ve already deposited $1B in the bank.”
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