4 ms·

I would like to see the exact, unedited quote if you expect me to believe this. Right now this looks like fake news, like reports of Mnuchin saying "we're gonna

by m0zg 7y ago

I would like to see the exact, unedited quote if you expect me to believe this. Right now this looks like fake news, like reports of Mnuchin saying "we're gonna have 20% unemployment" the other day, which Mnuchin himself denied. There's simply no way someone in Bullard's (or Mnuchin's) position would say anything as dramatic as the article implies as categorically as the article implies. There is no corroboration that I could find. Everything else references the Bloomberg article, which, in turn, references nothing at all.

raincom 7y ago
Basically, Mnuchin and the Fed gang want more power and much more discretion, so that they can help their cronies. Fed loves to buy ETFs like BoJ does, in order to help banks and the rich, if they are given powers. Democrats should focus more on the fiscal policy than giving more powers to the Federal reserve.
- m0zg 7y ago
  Be that as it may, my message to the media would be: if you want to retain any remaining shred of credibility you still have, stick to reporting corroborated first hand accounts, not rumors or opinions, at least for a while. Get on the ground, figure out what's going on, report it, in full and with evidence, good and bad. Don't just sit there and suck clickbait out of your thumb like you've been doing for the last decade.
nkurz 7y ago
Yes, a unedited quote would be useful. But I did find one corroboration that I think elevates this above "fake news" status. On the St Louis Fed's website, there's a list of James Bullard's media interviews. At the top is this article with the "30%" figure in the title: https://www.stlouisfed.org/from-the-president/media-interviews https://www.stlouisfed.org/from-the-president/media-intervie.... While it's possible that was just an intern who scans the news and adds things, this certainly makes it seem like Bullard officially endorses the 30% number.
- m0zg 7y ago
  It's a link to the same Bloomberg article. :-) It doesn't make it any less fake.

by m0zg 7y ago

raincom 7y ago

Basically, Mnuchin and the Fed gang want more power and much more discretion, so that they can help their cronies. Fed loves to buy ETFs like BoJ does, in order to help banks and the rich, if they are given powers. Democrats should focus more on the fiscal policy than giving more powers to the Federal reserve.

m0zg 7y ago
Be that as it may, my message to the media would be: if you want to retain any remaining shred of credibility you still have, stick to reporting corroborated first hand accounts, not rumors or opinions, at least for a while. Get on the ground, figure out what's going on, report it, in full and with evidence, good and bad. Don't just sit there and suck clickbait out of your thumb like you've been doing for the last decade.

nkurz 7y ago

Yes, a unedited quote would be useful. But I did find one corroboration that I think elevates this above "fake news" status. On the St Louis Fed's website, there's a list of James Bullard's media interviews. At the top is this article with the "30%" figure in the title: https://www.stlouisfed.org/from-the-president/media-interviews https://www.stlouisfed.org/from-the-president/media-intervie.... While it's possible that was just an intern who scans the news and adds things, this certainly makes it seem like Bullard officially endorses the 30% number.

m0zg 7y ago
It's a link to the same Bloomberg article. :-) It doesn't make it any less fake.