General Discussion

gab13by13

(29,949 posts) Wed Dec 14, 2022, 11:12 PM Dec 2022

Fuck Jerome Powell [View all]

I am not an economist but I had Econ 101. How many million Americans does Powell have to put out of work to stop raising interest rates?

Oh, I see Elizabeth Warren agrees with me.

Whatever happened to the invisible hand of the market?

I mean, looking at my spending habits, I never looked at the price of food when I went shopping, I don't want bargains on my food or my health care. I still buy organic but now I cut back on items that are ridiculously expensive. I imagine there are millions more people like me, Powell can leave it up to me and millions of my friends to help with the supply side. I refuse to buy a container of cut up watermelon for $22.00. It wasn't that long ago that I bought a big watermelon from the Amish for 5 bucks.

Rant off.

44 replies

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Highlight:

Fuck Jerome Powell [View all] gab13by13 Dec 2022 OP

If the CPI declined to 2% Frasier Balzov Dec 2022 #1

Jerome Powell's own words, gab13by13 Dec 2022 #2

Your translation is biased with your own fear and misplaced outrage, not facts. Fiendish Thingy Dec 2022 #14

Those do sound like unequivocal words. Frasier Balzov Dec 2022 #27

Wrong person RobertMcNamara Dec 2022 #3

+1, 40% of all USD in circulation was created under TFG the rants from reps should've been louder uponit7771 Dec 2022 #34

Kind of hard for the House to complain when they were the ones who passed it. MichMan Dec 2022 #41

The White House: "President Biden Nominates Jerome Powell to Serve as Chair of the Federal Reserve" brooklynite Dec 2022 #4

Does Yellen agree? edhopper Dec 2022 #5

Warren is wrong and grinding an axe because she voted against confirming Powell mathematic Dec 2022 #6

Warren is right Bear Creek Dec 2022 #12

I am surprised that Warren is just relying on the market... TomCADem Dec 2022 #17

There is not going to be any "depression"--- DemocraticPatriot Dec 2022 #33

Eggs are very expensive now.... DemocraticPatriot Dec 2022 #32

Before Covid ever happen Trumps tax plan would eventually lead to inflation RobertMcNamara Dec 2022 #7

THIS !!!! ☝🏾☝🏾☝🏾 uponit7771 Dec 2022 #35

I agree with the OP newdayneeded Dec 2022 #8

Of course, if you ignore inflation, then the working class is hurt... TomCADem Dec 2022 #15

Working people can afford 4 dollar newdayneeded Dec 2022 #19

"Working people can afford 4 dollar" Do you have a source for this? thx in advance uponit7771 Dec 2022 #36

?? newdayneeded Dec 2022 #40

No, I was just asking who is affording 4$ heads of lettuce without caveat of giving up something ... uponit7771 Dec 2022 #42

we both agree then newdayneeded Dec 2022 #43

+1, uponit7771 Dec 2022 #44

As do I. (no text) sprinkleeninow Dec 2022 #16

Ummmm inthewind21 Dec 2022 #25

+1, uponit7771 Dec 2022 #37

Scary that you think taking Econ 101 makes you an expert on economic policy. onenote Dec 2022 #9

you continue to ignore the crippling burden stopdiggin Dec 2022 #10

inflation is already coming down in a hurry moonshinegnomie Dec 2022 #26

The government seems to disagree with you. former9thward Dec 2022 #28

thats for the last 12 months moonshinegnomie Dec 2022 #29

Not true at all. former9thward Dec 2022 #30

my numbers are the governments numbers moonshinegnomie Dec 2022 #31

That's the ***RATE*** of inflation, getting CPI back to 2020 before Trumps inflation would be great uponit7771 Dec 2022 #38

Record corporate profits and high inflation Dave says Dec 2022 #11

First of all, stop shopping at Whole Foods Fiendish Thingy Dec 2022 #13

I seem to be the only person who recalls that in the 1970s we had PoindexterOglethorpe Dec 2022 #18

cpi over the last 6 month is running at a 4.6% annual rate moonshinegnomie Dec 2022 #20

I agree. W_HAMILTON Dec 2022 #22

And Powell strikes again! newdayneeded Dec 2022 #21

Just for the record, Elizabeth Warren is also not an economist Jose Garcia Dec 2022 #23

wall street is already convinced powell is going to go to far and will have to reverse course next y moonshinegnomie Dec 2022 #24

I've noticed banks are not expecting interest to keep going up much more wishstar Dec 2022 #39