Another gripping FOMC press conference today featuring Fed Chair: Jerome "Wet Blanket" Powell
Discussion
Jerome talking about inflation like he’s not sure how it is caused. #smh
"Consumer spending is in solid shape.." lol
Probably "the data" he is looking for will push him to cut 0.5 points in September.. and again in November.
Doc, you're being too harsh. A politicized supreme court of economists, controlled by banks, telling the banks how much free money to expect for the next two months is all totally normal and a sound basis for controlling who gets to earn money, start families, and buy houses.
Most bearish he has sounded in a while. Absolute waste.
End the Fed.
yeah, but you gotta admit that the guy has brass balls lol
Half of me has a lot of respect for the man. There is no way in hell he can "fix" what broke in 1971 but . . . damn! I gotta give it up to the J. Powell.
still thinking we hit 450k this year?
Only if the PMI rips higher (to ~60) before the end of the year.
It continues to disappoint, which is historically abnormal, and which (I believe) is weighing on any potential exponential move higher by bitcoin
sigh. that makes me sad. although 450k always did sound a little la la land to me
Actually, I said it could hit 475k… which seems even more la la land now. 😂🍻
FWIW, he looks nice and cool in this heat wave we're having. Wait a minute..is that his own sweat?!