The Smartest Fed Member?

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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 in our Smart Fed Head of the month.

-g

5 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..

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  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..

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