The Smartest Fed Member?

by

The FOMC statement just came out.  The simple take?

“In support of its goals, the Committee decided to lower the target range for the federal funds rate by 1/4 percentage point to 4-1/4 to 4-1/2 percent. In considering the extent and timing of additional adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks. The Committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage?backed securities. The Committee is strongly committed to supporting maximum employment and returning inflation to its 2 percent objective.”

What we would point out is this: “Voting against the action was Beth M. Hammack, who preferred to maintain the target range for the federal funds rate at 4-1/2 to 4-3/4 percent.”

And with that Ms Hammack is our Smart Fed Head of the month.

-g

16 thoughts on “The Smartest Fed Member?”

  2. {“Collapse closing in? Mean as people get the message that “things are changing” and there’s no one at the wheel? Especially you know who.>}

    I am curious.. there was a post yesterday announcing the decline in you know whos cognitive abilities.. so who is running this shitshow…if you have a guy that is standing in front of the mirror talking to that interesting guy in the mirror.. he sure looks familiar.. LOL.. then who is it that is running this show..

  3. {“We are pressed by events to repeat (for those who missed it) that while we love DJT Policies, his ego and personality moves are, um…not so good.”}

    got to say I am with you on that one..
    even though I love DJT”s policies.. the damage that has been done.. to this country.. both economically and physically.. the elimination of our strategic reserves for one.. and then putting all this money another what fifty billion dollars.. come on.. and how many illegals..the guy working for an hourly wage is not able to pay their way.. as their wages are stagnant and their costs are skyrocketing.. this is not something that can be flipped especially since the dollar is imploding.. we don’t have enough tax dollars to pay the interest on the deficit.. it is running away..
    {“With $37 /$158 trillion of debt and climbing unsustainably can you even question whether the system is broken? (Ahem.Seriously?)”}
    the only thing I can see is a total collapse of the dollar moving away from the dollar and the federal reserve.. going bankrupt on the dollar turning us into zimbabwe.. those with money in accounts now if they aren’t making fifty percent on their investments they are losing money.. its being stolen from them..
    this is not going to end well.. I will be shocked if Trump or anyone could turn this.. even if they took a trillion or more off of spending for wars so some schmuck pulling the strings could make more in another country to.. there still isn’t enough.. we are dependent on others for our goods and even most of our food.. where our bakeries were local are now outside the USA..
    I can’t even find the one cookie.. they quit selling it at lowes because it was a hundred dollars for forty eight cookies.. the reason.. you had to order it from NYC.. they in turn ordered it from MEXICO.. the transportation was the factor..

    • Lol lol lol so true.. bitcoin they show numbers but heaven help you if the lights goes out.. then again does anyone accept it..not around here…

      • redundant title?

        BTC is easily converted into any fiat currency. I can Sell BTC this AM, and the $ will be in Cking Acct by close of business – today. Versus Ure “I will gladly pay you Tuesday for a hambuger today” financial system.

        As for no one accepting BTC for settlement ? Conveniently overlook all the Professional Athletes who have jumped on the bandwagon; odell beckham/cade cuningham/russel okung/trevor lawrence/aaron rodger/saguon barkely.. over the last couple of years. Have you seen the Billions $ flowing into Bitcoin ETF’s lately ? Does my bank accept $$funds from Coinbase – OBVIUOSLY.

        I use it regularly to receive significant discounts on big ticket items..like a new bottle/vial of Ipamorelin 50 mcg/spray just yesterday. Shout out PureRawz!

        I authorize it – that is I AUTHORIZE approval of all transactions. No interest, minimal fees, Lightening fast.

        As for lights going out and heaven helping – are you really that dense ?

        Has heaven ever done a dam thing for You or anybody else, ever ??
        Prove IT, SHOW ME.

        But more to the point – modern FINANCE systems, AI systems and Quantum Computing simply do not work without the “juice” .

        How many shotz ?

    • “IF” they are going to do that they need to do that while Biden is still in office.

      While Trump totally supports Israel he is also to the core of his soul (imo) Anti-WAR. Being Anti-War is probably the most firm belief that he has in his soul, everything else is Transactional.

      If they are going to use a False Flag to start a War they know they would be up against a very reluctant President with Trump … Biden on the other hand does whatever his “handlers” tell him and if you look at their actions over the last 4 years his handlers have universally been cheering WAR WAR WAR.

  8. In Fort Worth, an officer was fired for doing this to a shutterbug being annoying at an accident scene about a year ago:

    https://media.nbcdfw.com/2024/06/Carolyn-Rodriguez.jpg?quality=85&strip=all&fit=1200%2C675&w=1375&h=773&crop=1

    The woman was sentenced to jail time for being annoying.

    Rule no. 1 in interacting with real police is: follow instructions.
    You can never be sure what sort of false narrative the officer has been fed before approaching you. Maintain a safe distance unless the officer tells you otherwise. Your lawyer gang representation (officer of the court) may have some civil rights in a courtroom setting, but on the street, you have a right to keep quiet and stay out of the way until instructed otherwise.
    In this case, all parties were found guilty of not using their heads.

      • I would not agree with that; however, that is a 20/20 hindsight issue. In practice, one must approach interaction with law enforcement on the street like Ure life depends on your keeping your composure and saying and doing the right things, because it does. I have faced off with lawmen who were fed biographical info on a guy I am not related to (who is not a model citizen), and I have survived such encounters to date, albeit a little poorer in at least one notable encounter. The officer congratulated me on keeping my cool, then socked it to me with an excessive citation. I couldn’t get a lawyer to represent me in court, and several refused to talk to me at all.
        The last encounter I had with the law was a traffic stop, and the officer gave me a warning which I probably deserved. When he initially started asking me questions about where I had been, I informed him that I was cold sober, and I was polite about it. He ran my license and my insurance, and made a suggestion as to how to avoid future stops of that nature. I thanked him for his assistance, and that was the end of it. Everything was cool and professional.

      • I know quite a few GOOD COPs, so you must be looking at a flawed sample or through a flawed filter. I suggest a procedure called an optirectomy. It severs the optic nerve that runs to the anus so you don’t have such a shitty outlook on life.

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