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| So let’s just pretend that a lot of economists agree that you want inflation at 2-3%. If you go above that then you should raise rates. But if it goes below that you should cut rates. Or there’s a major economic black swan that kills business confidence in the market. Then you can cut rates to “juice the economy”
Now let’s pretend that interest rates are currently holding steady at a historically “not so bad” rate. And let’s pretend that inflation has been holding at 2-3%.
Let’s also pretend that we are currently near or close to full employment.
Let’s also pretend that the market has been going straight up and we are about to hit and surpass all time highs.
IN WHAT WORLD WOULD YOU CUT INTEREST RATES IN THIS SCENARIO I SWEAR TO GOD EVERYONE IS AN IDIOT EXCEPT JEROME POWELL
ESPECIALLY POOLTE, JUST LOOK AT THAT SH*t EATING GRIN. HE WOULD LITERALLY KILL HIS OWN NEW BORN BABY IF IT MEANT HE COULD SELL ANOTHER POS HOUSE.
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Poolte, Powell, interest rates
