GeetMaiJawaafDiu?
Replies to this thread:
More by GeetMaiJawaafDiu?
What people are reading
Subscribers
Please log in to subscribe to GeetMaiJawaafDiu?'s postings.
:: Subscribe
|
The Federal Reserve is being run by questionable individuals
|
[VIEWED 3821
TIMES]
|
SAVE! for ease of future access.
|
|
|
|
GeetMaiJawaafDiu?
Please log in to subscribe to GeetMaiJawaafDiu?'s postings.
Posted on 03-20-25 10:34
PM
Reply
[Subscribe]
|
Login in to Rate this Post:
0 
? 
|
| |
The Internet agrees:
The Federal Reserve's (the Fed) monetary policy decisions, which influence interest rates and the availability of credit, have a global impact, affecting economies and individuals worldwide through various channels like exchange rates, financial markets, and global trade.
But we have some dumbasses running such a consequential organization like the Federal Reserve. Powell continues his talk tough on inflation while that ship has long-left and is almost only a speck in the horizon. The landscape for the white-collar job-market remains stuck in the doldrums of still-above target inflation and high-interest environment in which companies have spigot of prospective talents at their disposal if they so decide to bring aboard somebody for an urgent project. While ghosting applicants, over-burdening existing employees, coding assessment evaluation which was a mainstay of mostly FAANG companies are now norms as employers have now the upper-hand.
Probably most of us have never realized before that epitome of incompetence such as Joe Biden, Kamala Harris, Jerome Powell and his Fed cohorts driving America and the world into the ground while they fell asleep at the wheels or willfully destroyed something which was once great. George Carlin talked about stupid consumerism-obsessed people running around. That’s not too bad considering that thoroughly inept people are running the show at a level that affect the entire contemporary humanity and that’s the true tragedy. 
Last edited: 21-Mar-25 04:21 PM
|
| |
|
|
|
|
Khaobaadi_Netaa
Please log in to subscribe to Khaobaadi_Netaa's postings.
Posted on 03-24-25 4:51
PM [Snapshot: 610]
Reply
[Subscribe]
|
| Login in to Rate this Post:
0
?
|
| |
Trump hires only the best people. People like Jerome Powell.
|
| |
|
|
GeetMaiJawaafDiu?
Please log in to subscribe to GeetMaiJawaafDiu?'s postings.
Posted on 03-25-25 6:46
PM [Snapshot: 863]
Reply
[Subscribe]
|
| Login in to Rate this Post:
0
?
|
| |
Khaobaadi,I agree with your first statement. But if Trump is not infallible, him picking Jerome Powell, not a trained economist, for a position that affects the entire financial world and the current human population in a wide and deep manner - was an absolute blunder. A high-schools honor student in your school district could have probably done a better job than Powell and his gang at the Fed now. Had Jerome caught a wind of the impending crisis by the alarmingly red-hot consecutive monthly stats with PCE exceeding 0.50% (normal is 0.165%) and non-farms payrolls exceeding 400k-900k (normal is 200k) by Summer of 2021 with half of US population already covid-vaccinated and 19% working remote, and raised the interest rate, he could have tamed inflation without crossing 4% Fed's fund rate instead of a 5.50% that caused a massive multi-year drag to the world economy. A timid 0.25% hike would finally materialize in March 2022 and then aggressive catch-up hikes till the year-end. The Fed drama was hardly over by then. In the FOMC meeting immediately following the final rate-hike, the Fed would make a sharp U-turn by adjusting at an aggressive pace of MINUS 0.50% thus depriving the financial world of a steadily holding fund-rate. If Moe Green had been witnessing this embarrassing spectacle put out by this Fed, he could have predictively blurted out, "You goddamn guineas really make me laugh".
It is fruitless for people in the job-market these days to complain about employers' fastidious screening criteria, innumerable rounds of interviews, ghosting, and then putting the open-position "on-hold". These candidates, understandably disillusioned by now must contact their senators and members of congress to fix the Fed and prevent similar crisis from arising in the near future.
For what reasons do people like Powell? Powell's tough stance to maintain interest-rate high to in the hope of settling inflation rate down to 2% is only good for individuals on fixed income or pensions he, himself, will be enjoying soon.
But who was in charge of the Fed while PCE inflation gradually but noticeably swelled to its peak of 10.8% (12*0.9) twice in 2022 alone???
This is another example of narcissistic individuals running for prestigious political positions or high government job-titles to make up for their low self-esteem and mediocrity. That is well and good - until - their decisions or actions or lack thereof marks the undoing of everybody else.
|
| |
|
|
GeetMaiJawaafDiu?
Please log in to subscribe to GeetMaiJawaafDiu?'s postings.
Posted on 03-26-25 3:10
PM [Snapshot: 1198]
Reply
[Subscribe]
|
| Login in to Rate this Post:
0
?
|
| |
It seems that the only way to get some interest-rate cuts is to induce corporate America and the Federal/State governments to lay-off workers en masse. To that end, Jack Dorsey's Block has just cut 931 jobs. Yay! Meanwhile, Senator Warren is getting the conversation started to fire Jerome Powell. https://www.bloomberg.com/news/articles/2025-03-26/elizabeth-warren-warns-fed-chair-powell-could-be-fired-by-trump?srnd=homepage-americas
|
| |
|
|
GeetMaiJawaafDiu?
Please log in to subscribe to GeetMaiJawaafDiu?'s postings.
Posted on 03-28-25 12:25
PM [Snapshot: 1871]
Reply
[Subscribe]
|
| Login in to Rate this Post:
0
?
|
| |
"[Jerome] Powell is a dangerous man to have in this job [Fed chair]".-Senator Elizabeth Warren
https://www.youtube.com/watch?v=ilz4uB-vGb0&t=2s
|
| |
|
|
Please Log in! to be able to reply! If you don't have a login, please register here.
YOU CAN ALSO
IN ORDER TO POST!
Within last 365 days
| Recommended Popular Threads |
Controvertial Threads |
| Conservative discussions |
| TPS Re-registration case still pending .. |
| TPS for Nepal likely to extend next week |
| सालीको चाक |
| ChatSansar.com Naya Nepal Chat |
| TPS for Venezuela is terminated, only 60 days extension for transition period |
| Venezuela TPS lawuit |
| Toilet paper or water? |
| TPS EAD auto extended to June 2025 or just TPS? |
| tesla stock OMG !! |
| Those who are in TPS, what’s your backup plan? |
| Biden out, Trump next president, so what’s gonna happen to TPS, termination? |
| Homeland Security revokes temporary status for 532,000 Cubans, Haitians, Nicaraguans and Venezuelans |
| I hope all the fake Nepali refugee get deported |
| Court Hearing Approval. |
| Has anyone here successfully reinstated to F-1 status after a year-long gap following a drop from F-1? |
| and it begins - on Day 1 Trump will begin operations to deport millions of undocumented immigrants |
| From Trump “I will revoke TPS, and deport them back to their country.” |
| Tourist Visa - Seeking Suggestions and Guidance |
| Anybody gotten the TPS EAD extension alert notice (i797) thing? online or via post? |
|
| Looking for girl |
| Who is hottest nepali female? |
|
NOTE: The opinions
here represent the opinions of the individual posters, and not of Sajha.com.
It is not possible for sajha.com to monitor all the postings, since sajha.com merely seeks to provide a cyber location for discussing ideas and concerns related to Nepal and the Nepalis. Please send an email to admin@sajha.com using a valid email address
if you want any posting to be considered for deletion. Your request will be
handled on a one to one basis. Sajha.com is a service please don't abuse it.
- Thanks.
|
