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Did the Fed just stage a revolt against Trump?

Summary:
Powell and FOMC members are Democrats.

Topics:
Mike Norman considers the following as important:

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Powell and FOMC members are Democrats.
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

24 comments

  1. Elon Musk, physicist extraudinare, will unveil the Ponzi known as MMT for what it is.

  2. Since when Powell is a Democrat? He's a Republican.

  3. I liked your nuanced analysis of spending cuts vs tax cuts, but wouldn't the same be true for interest rates? High rates benefit the lenders, but the interest income will be sitting in some savings; whereas low rates benefit the borrowers, and the extra money will be spent into economy. I mean, look at an average guy with a mortgage + car loan + student loan and a saving account, lower interest would be more beneficial for him and for the economy.

  4. @BobSagetSquarePants

    Please move on from the Elon thing. We know you're a Zuckerberg manly man kind of guy.

  5. Now Mike is doing only one side of the ledger. If Elon fires a bunch of government bureaucrats, all that labor will be freed up for the private sector and its productivity. Plus it will improve distribution, which is what it's all about.

  6. Who the fuck is trump a 4f draft dodger.

  7. Day 1 I will revolt if a final solution is put into action to collect immigrants at the cost f 88 billion dollars a day and the building of 10000 camps which trump said today he will go ahead with it no matter what the cost ,said it today also Putin delighted that talks can happen when his twin brother Trump calls him up to collect the territory he invaded and captured. Achtung Fuher Trump!!

  8. You dont know the specifics of policies? than why in the hell did you vote for him? Powell said today Trump has alot of slogans but no details of any plans.

    • @@merchantsailor nobody knows Trump's policies, not even trump.
      People who voted for him really just want everyone to burn with them.the only people who will benefit from another trump presidency is the rich.

  9. Worm Brain RFK is going to extinguish the healthcare system as witnessed by the price surges of health care providers.

  10. @mikeydoggey,

    A couple of days ago, you were saying that BRICS isn't anything.

    I have to question your reasoning. Maybe you are right that it isn't anything.

    But from MMT, we know that real resources are what matters. The US, Britain, and the EU are strong financially, but we are not comparatively big producers. BRICS has the raw materials that the world needs, and that is a real advantage.

  11. Trump CAN and WILL fire his ass for cause.

    • Yes the FED is private it not even constitutional , creature from jekyl island , read meet your strawman , they owe us alot of $$$ , gold back real US treasury note coming to replace the fiat fake dollar 🎉🎉🎉

  12. Maga moron.

    Let chump trip over his own prey tan

  13. If reducing government costs reduces the GDP, that merely proves that the GDP calculation is absurd.

  14. Based on your theory, the Fed would have been retaliating by lowering rates because that’s less stimulus into the economy

  15. @lemonrussian2929

    I wonder if it’s a good time to buy AUD/USD.

  16. Elon would rather add a tax on ev material sonhe can retake the monopoly on that industry there for be able to control the prices there

  17. I guess Trump's gonna have Elon get our fiscal house in order getting us back to living within our means. 🤔

  18. gfgfgadfdfdgdg

  19. 🎉 im hearing no income tax 🎉🎉
    Im hearing free speech
    Im hearing med beds coming
    Im hearing bye bye FED and powell🎉🎉🎉

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