Economic reality check

There are two primary functions. One was added by Congress which was a big mistake. Those who understand economics know this.

Why is the Fed announcing that the economy will grow less than 2% ?? That is clearly an opinion. It's telling that you don't understand that.

 

And you provided some link ?? Name some of these economists. Krugman who claimed the economy would go into recession if Trump were elected ?? Too funny.

And again why can't you think for yourself ?? A protectionist would not be negotiating the reduction of trade restrictions on US exports. Too funny.

 

. . . yes. Where else did you think I was going to show you economists disagreeing with Trump . . . without a link? Did you think I was going to go petition a bunch of them? Really?

You asked me for the opinions of other people. You. Specifically. Asked. When I provide them, you troll with this nonsense. And you can check the forums for yourself. I was calling him Trump a protectionist before this article was ever published.

You seriously need to learn more about protectionism if you are going to use the word. If he weren't a protectionist, he'd be negotiating for lower restrictions on imports instead of unconstitutionally taxing them.

Try to make it through the next post while having an intellectually honest attempt at debate or discussion. Or keep trolling and go on ignore. Up to you.

 

Again nothing.

 

Again trolling. Welp, that made this choice easy.

 

Sure. The economic outlook for 2019 is the official opinion of the Federal Reserve, and major economic policy decisions are made based on that 'opinion'. Even Supreme Court rulings are just "opinions", even though they can have significant consequences. You can call them opinions all day long if that makes you happy.

The Fed has more than two primary functions, and those who understand economics know this.

 

A Trend is a Trend - and the long term trend has us in a rising interest rate environment.

Now you show that you not understand what you are talking about. Further I already explained this in a previous post which makes this question doubly obtuse.

The Fed does not set the interest rates on T-Bills. The market sets those rates via supply and demand. The Fed will then alter the rate at which it lends money to banks - "the overnight lending rate" - which alters the mortgage rates.

So while the Fed indirectly sets interest rates on what you will pay for a mortgage - it does not set T-Bill rates - the rate we pay for our debt.

The Fed can try to influence the debt markets - by increasing supply or decreasing supply (quantitative easing) but it does not "set" rates.. it can't.

The rate is based on what some entity buying our debt is willing to pay - just like a stock. If more people wake up in the morning and want to buy US debt - the rate goes down. If less - the rate goes up.

 

Again we see the inability to think for yourself. The purpose of Trump’s trade policies are clear to those who do not rely on others to do their thinking.

 

You explained nothing. The Fed over reacted and has now corrected. The current trend is down and holding.

And again you avoid explaining why they began increasing under Trump.

 

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What is the basis for your claim that the Fed thinks that the economy will slow ??

The Fed doesn’t control economic policies.

By law they have two primary functions.

 

They began rising under Trump because of increasing medical costs and increased housing costs.
They are down now because the economy is beginning to crash under the weight of tariffs.

 

They said it. They stood in front of the cameras and issued a formal statement on the economy, so that is the bases.

 

Our welfare clause is General and we have a Commerce Clause; why are we losing money on public policies and have to hear the right wing whine about taxes?

 

Why does it look weak ??

Trumponomics produced the best gdp growth in a decade in a slowing global economy and with the Fed raising rates and pulling $60B of bank reserves out of the economy per month.

There are more job openings now than there are unemployed. That’s a result of the Trump tax reform.

 

So you have nothing again. Same pattern.

 

That’s ridiculous.

 

You can't read the government reports?
Maybe we can send you back to remedial reading class.

 

Tell us all why the Fed made the comment (assuming of course that they actually did).

 

They just report the numbers, so there is no why to it.

 

I have what the Fed said, and you have a hard time accepting it. Go figure.

 

More nothing from progressives.

 

And you can’t explain why they said it. More nothing.

 

I think they downgraded their GDP number at the same meeting didn't they?

 

Trends were favorable from the beginning. Running a huge deficit has done nothing but help the Richest get richer at the expense of the Poor.