/biz/ - Business & Finance

>>53183956
"N"

>>53183956
"inflation is subsiding on its own"
>0% reserve requirement for banks to print money

a massive recession with massive unemployment and homelesseness may bring down the price of houses temporarily, but it wont fix the massive inflation problem since that is created by 0 reserve lending. the only way Powell can try to combat this is to increase interest rates so high, that people stop taking out loans to finance things they cant afford and keep rates permanently high to prevent the problem from reoccurring.

>>53184326
>stop people from taking out loans
You could’ve ended the statement there and it’d be good.

>>53183956
wont you step back from that ledge my fren

>>53184326
He should leave rates where they are and accelerate the balance sheet reduction rate.

>>53184382
Nah he’s right, rates are still too low. I’m still using my many credit cards and taking out personal loans from Upstart to gamble with in the stock market.

>>53184400
QT solves that.

>>53183956
Turn up your attacks Jerome. Being stagflation to its knees

>>53183956
jerome you need to keep raising rates until the /gme/ general disapp -- don't worry about what it is, i'll tell you when the hikes can stop.

no

>>53184400
nah

>>53183956
7 dollar a dozen eggs
>Inflation is getting bettter

>>53183956
He's just doing the same thing that Pau Volcker did in 1981. He raised interest rates to 20% saying it was need to help fight inflation but which was really to fuck up the industrial base of America and make infrastructural projects more expensive. Manufacturing never recovered.
Powell is carrying out the same rugpull. Cause inflation and then offer the solution to the same problem you caused by raising interest rates.
Which causes more problems.
These guys know what they're doing

>>53183956
The fed is actually doing the right thing for once

>>53183956
STEP BACK FROM THAT LEDGE MY FRIEND