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Powell said no rate cuts until hiring cools. This is an interesting way to do it. The tech cuts aren’t scary at all because who can cry foul when the ice crea
by bloomingkales 2y ago
Powell said no rate cuts until hiring cools. This is an interesting way to do it.
The tech cuts aren’t scary at all because who can cry foul when the ice cream machine is about to replace the ice cream man? Ice cream man was never a real job to begin with.
- techpineapple 2y ago[flagged]
- alabastervlog 2y agoStagflation seems likely, due to the combination of terrible and harmful ideas being implemented at once, in which case the Fed's hands will be tied on rate cuts regardless of the unemployment rate. If Trump successfully gets people to think this is all somehow the Fed's fault, the Musk-backed and recently (re-)introduced in the Senate bill to eliminate the institution entirely might get traction. Then there's the "department heads, submit a report in 90 days on whether I should invoke the Insurrection Act" thing that's due in about 45 days. Lots of balls in the air and not enough hands to catch them.
- bloomingkales 2y agoThe Fed audit is in the Bingo cards I guess. Only the president can set interest rates. Raises hand, “Bingo!”
- deleted 2y ago[deleted]
- joeyagreco 2y ago> The tech cuts aren’t scary at all because who can cry foul when the ice cream machine is about to replace the ice cream man? Ice cream man was never a real job to begin with. what ?