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> all economic theory and statistics that is controlling the biggest power decisions made with incredible wealth implications Yes, I think so. For many reasons

> all economic theory and statistics that is controlling the biggest power decisions made with incredible wealth implications Yes, I think so. For many reasons. 1. People tend to have pride in their work and can typically be relied on to follow their job description. 2. Someone would blow the whistle if the Fed was self-dealing. 3. A politician or auditor would have made plenty of hay if the Fed was self-dealing. 4. Running a central bank is incredibly difficult. Doing it while self-dealing, I imagine, is impossible. For evidence - Elvira Nabiulina is the central banker for one of history's worst Kleptocracy. Not only is she regarded as a clean-hands technocrat, she's also not really allowed to quit her job. 5. I need more evidence for a conspiracy theory than "imagine the numbers they deal with". > That is the reason for us having >5 percent inflation for 6 months You are saying that the Powell conspiracy is the cause of high inflation? And not all the other reasons?

bobobob420 4y ago
They literally said at 2:30 on the may report they will not raise the rates by 3/4ths. The exact second he said that the stock market went up 1 trillion. Today they raised it by 3/4ths. They don’t need to whisteblow when they are convinced a healthy stock market is a healthy economy. Why is Powell bringing up the stock market when his job has nothing to do with the stock market at all. All their major efforts with QE were to boost the markets. All their efforts under Biden have been short term results with no care for long term health of economy. Look how much money they printed relative to supply. Its mindblowing https://truthout.org/articles/fed-chair-jerome-powell-sold-over-1-million-in-stocks-right-before-crash/ https://truthout.org/articles/fed-chair-jerome-powell-sold-o... "As Fed chair, Powell not only has an enormous amount of insider knowledge about the financial markets in the U.S. but also has sway over the laws governing those markets. He has faced scrutiny from lawmakers like Sen. Elizabeth Warren (D-Massachusetts), who has called him a “dangerous man” because of his record with being soft on banks." "But it was Powell’s answer to the second question of the press conference that really sparked the rally. Asked whether future hikes could be even larger than 50 basis points (or half a percentage point), Powell was clear: “A 75 basis point increase is not something the committee is actively considering.” By the end of Powell’s 47-minute press conference, stocks were up 2%. And by the close, the S&P 500SPX +1.46% was up 2.99%, for its best day since May 18, 2020. In dollar terms, Powell’s speech added about $1.1 trillion in value to the index."
- notavalleyman 4y ago
  > They literally said at 2:30 on the may report they will not raise the rates by 3/4ths. The exact second he said that the stock market went up 1 trillion. Today they raised it by 3/4ths You didn't provide any sources, but if I extend the benefit of the doubt. 1. Sounds like they didn't need to raise the rate in may. Not suspicious. 2. The markets react. Not suspicious. 3. Sounds like they did need to raise the rate in June. Not suspicious. > They don’t need to whisteblow when they are convinced a healthy stock market is a healthy economy. Why is Powell bringing up the stock market when his job has nothing to do with the stock market at all I dont know why - but it's you saying that, not him. You're convinced that green hats are useful for baseball pitchers, but baseball stats have nothing to do with your job. See, I can make up conspiracy theories too. Did you see how much the stock value of green hat companies rose recently? Rather coincidental for your pitcher theory, isn't it? Mindblowing.
  - bobobob420 4y ago
    If your not able to see the connection between the Fed Reserves desire to look for short term benefit to the economy in order to please Wall Street then I don't know what to tell you. Its plain as jane. Look at Jerome Powells background and then simply look at the actions the fed reserve takes. They are all for quick gains in the stock market instead of long term stability. This is literally illegal to do. Sorry you can't see it.
    - notavalleyman 4y ago
      Dude if you can't see the connection between your weird comments about green hats and the stock price of the green hat companies, then I don't know what to say. It's as clear as day. You pretended it was all about baseball but we can all see the stocks moving everytime you mention it. [See? It's easy to make a wild conspiracy when I get to put words in your mouth, and I never have to prove anything. Don't be critical of my methods, boomers]
      - bobobob420 4y ago

bobobob420 4y ago

They literally said at 2:30 on the may report they will not raise the rates by 3/4ths. The exact second he said that the stock market went up 1 trillion. Today they raised it by 3/4ths. They don’t need to whisteblow when they are convinced a healthy stock market is a healthy economy. Why is Powell bringing up the stock market when his job has nothing to do with the stock market at all. All their major efforts with QE were to boost the markets. All their efforts under Biden have been short term results with no care for long term health of economy. Look how much money they printed relative to supply. Its mindblowing https://truthout.org/articles/fed-chair-jerome-powell-sold-over-1-million-in-stocks-right-before-crash/ https://truthout.org/articles/fed-chair-jerome-powell-sold-o... "As Fed chair, Powell not only has an enormous amount of insider knowledge about the financial markets in the U.S. but also has sway over the laws governing those markets. He has faced scrutiny from lawmakers like Sen. Elizabeth Warren (D-Massachusetts), who has called him a “dangerous man” because of his record with being soft on banks." "But it was Powell’s answer to the second question of the press conference that really sparked the rally. Asked whether future hikes could be even larger than 50 basis points (or half a percentage point), Powell was clear: “A 75 basis point increase is not something the committee is actively considering.” By the end of Powell’s 47-minute press conference, stocks were up 2%. And by the close, the S&P 500SPX +1.46% was up 2.99%, for its best day since May 18, 2020. In dollar terms, Powell’s speech added about $1.1 trillion in value to the index."

notavalleyman 4y ago
> They literally said at 2:30 on the may report they will not raise the rates by 3/4ths. The exact second he said that the stock market went up 1 trillion. Today they raised it by 3/4ths You didn't provide any sources, but if I extend the benefit of the doubt. 1. Sounds like they didn't need to raise the rate in may. Not suspicious. 2. The markets react. Not suspicious. 3. Sounds like they did need to raise the rate in June. Not suspicious. > They don’t need to whisteblow when they are convinced a healthy stock market is a healthy economy. Why is Powell bringing up the stock market when his job has nothing to do with the stock market at all I dont know why - but it's you saying that, not him. You're convinced that green hats are useful for baseball pitchers, but baseball stats have nothing to do with your job. See, I can make up conspiracy theories too. Did you see how much the stock value of green hat companies rose recently? Rather coincidental for your pitcher theory, isn't it? Mindblowing.
- bobobob420 4y ago
  If your not able to see the connection between the Fed Reserves desire to look for short term benefit to the economy in order to please Wall Street then I don't know what to tell you. Its plain as jane. Look at Jerome Powells background and then simply look at the actions the fed reserve takes. They are all for quick gains in the stock market instead of long term stability. This is literally illegal to do. Sorry you can't see it.
  - notavalleyman 4y ago
    Dude if you can't see the connection between your weird comments about green hats and the stock price of the green hat companies, then I don't know what to say. It's as clear as day. You pretended it was all about baseball but we can all see the stocks moving everytime you mention it. [See? It's easy to make a wild conspiracy when I get to put words in your mouth, and I never have to prove anything. Don't be critical of my methods, boomers]
    - bobobob420 4y ago