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Donald Trump nominates Federal Reserve critic to central bank’s board

 
PhennommennonnModerator
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01/18/2020 06:08 PM

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Donald Trump nominates Federal Reserve critic to central bank’s board
Donald Trump has announced Christopher Waller and Judy Shelton as nominees for the Federal Reserve’s board of governors.

If confirmed, they would bring it to its full complement of seven governors, five of whom will have been selected by the US president.

The two would join a Fed deep into an 18-month review of how it carries out and talks about policy, as it considers how effective its tools are with its policy rate already close to zero. The Fed is also considering an exit from its temporary programme of expanding its balance sheet to calm the financial markets for short-term debt.

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[link to twitter.com (secure)]

Last Edited by Phennommennonn on 01/18/2020 06:11 PM
political correctness is a doctrine.... fostered by a delusional, illogical minority...... and rabidly promoted by an unscrupulous mainstream media; which holds forth the proposition that it is entirely possible to pick up a turd by the clean end.
Anonymous Coward
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01/18/2020 06:15 PM
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Re: Donald Trump nominates Federal Reserve critic to central bank’s board
He should make Ron Paul the Fed Chairman!
Anonymous Coward
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01/18/2020 06:16 PM
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Re: Donald Trump nominates Federal Reserve critic to central bank’s board
Step one.
PhennommennonnModerator  (OP)
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01/18/2020 06:19 PM

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Re: Donald Trump nominates Federal Reserve critic to central bank’s board
Step one.
 Quoting: Anonymous Coward 73285116


1Trump-HISballs1
political correctness is a doctrine.... fostered by a delusional, illogical minority...... and rabidly promoted by an unscrupulous mainstream media; which holds forth the proposition that it is entirely possible to pick up a turd by the clean end.
Anonymous Coward
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01/18/2020 06:22 PM
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Re: Donald Trump nominates Federal Reserve critic to central bank’s board
Step one.
 Quoting: Anonymous Coward 73285116


:1Trump-HISballs1:
 Quoting: Phennommennonn


LOL Awesome!
Anonymous Coward
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01/18/2020 06:24 PM
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Re: Donald Trump nominates Federal Reserve critic to central bank’s board
Good find op
Anonymous Coward
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01/18/2020 06:24 PM
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Re: Donald Trump nominates Federal Reserve critic to central bank’s board
bump
Xenophon

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01/18/2020 06:24 PM
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Re: Donald Trump nominates Federal Reserve critic to central bank’s board
The damage is done, if they stop the across the board QE markets will collapse. They can't afford to allow fair value to realise itself and allow pricing mechanisms to once again be in place

Interest rates also need to be higher, the yield curve would show that if it wasn't completely rigged by the fed

Maybe after the election
the 3rd shaking
Sikhed

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01/18/2020 06:26 PM
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Re: Donald Trump nominates Federal Reserve critic to central bank’s board
brirriant2
:doom360:
Anonymous Coward
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01/18/2020 06:27 PM
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Re: Donald Trump nominates Federal Reserve critic to central bank’s board
[link to www.godlikeproductions.com]
LoneStarRisingModerator
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01/18/2020 06:30 PM

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Re: Donald Trump nominates Federal Reserve critic to central bank’s board
Step one.
 Quoting: Anonymous Coward 73285116


1Trump-HISballs1
 Quoting: Phennommennonn


TrumpAFOne
LoneStarRising
Anonymous Coward
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01/18/2020 06:46 PM
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Re: Donald Trump nominates Federal Reserve critic to central bank’s board
credit default swaps/derivatives are backed by the government.

that is all you need to know. it is ALL a giant farce.

when you have TRILLIONS of dollars you can hire HUNDREDS of fake officials for relative pennies
Anonymous Coward
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01/18/2020 06:50 PM
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Re: Donald Trump nominates Federal Reserve critic to central bank’s board
Do we get a confirmation hearing ? scheming
Torchie

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01/18/2020 06:51 PM
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Re: Donald Trump nominates Federal Reserve critic to central bank’s board
torchiegenius
untying the shoelaces of the internet one post at a time

love tastes best from teal buckets

go GIT in your STALL!

a Spark does not fall far from the Torchie
Follower of Jesus

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01/18/2020 06:57 PM
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Re: Donald Trump nominates Federal Reserve critic to central bank’s board
Looked them both up they both support more debt issuing in one shape or form. One supports gold pegging to currencies which may be needed when system gets reset.
Follower of Jesus (FoJ)
Anonymous Coward
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01/18/2020 06:57 PM
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Re: Donald Trump nominates Federal Reserve critic to central bank’s board
The damage is done, if they stop the across the board QE markets will collapse. They can't afford to allow fair value to realise itself and allow pricing mechanisms to once again be in place

Interest rates also need to be higher, the yield curve would show that if it wasn't completely rigged by the fed

Maybe after the election
 Quoting: Xenophon


hesright.

The economy has been on life support since '08.
Anonymous Coward
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01/18/2020 06:58 PM
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Re: Donald Trump nominates Federal Reserve critic to central bank’s board
Make federal what reserve (fake) notes
to
Treasury Notes

And those pallets and pallets of bills
dirty money has to be traded
a HARD Money laundering

watch them scurry watch them run
Anonymous Coward
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01/18/2020 07:00 PM
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Re: Donald Trump nominates Federal Reserve critic to central bank’s board
The Fed recently made mistake
Of raising interest rates
Too high too quick

Inflation setting and full employment
Is their only charter
Apart from looking after SS
oniongrass

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01/18/2020 07:02 PM
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Re: Donald Trump nominates Federal Reserve critic to central bank’s board
He should make Ron Paul the Fed Chairman!
 Quoting: Anonymous Coward 73092551


Good idea. It's probably the only way Ron Paul will ever learn that actually the Fed is already audited every year, and the audit opinions are posted on the Fed Board of Governors website, although you have to know to look for them.
.
DON'T VAX, PROPHYLAX!

____________

There is no anger in Me: If one offers Me thorns and thistles, I will march to battle against him, And set all of them on fire.

But if he holds fast to My refuge, He makes Me his friend; He makes Me his friend. (Isaiah 27:4-5)
Anonymous Coward
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01/18/2020 07:02 PM
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Re: Donald Trump nominates Federal Reserve critic to central bank’s board
The fed are a criminal cabal. No less. Trump needs to dismantle the fed.
oniongrass

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01/18/2020 07:04 PM
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Re: Donald Trump nominates Federal Reserve critic to central bank’s board
The Fed recently made mistake
Of raising interest rates
Too high too quick

Inflation setting and full employment
Is their only charter
Apart from looking after SS
 Quoting: Anonymous Coward 78272547


Fed held short term interest rates at zero for Obama's time in office, then started raising them immediately for Trump, probably hoping it would cause a recession.

[link to fred.stlouisfed.org (secure)]
.
DON'T VAX, PROPHYLAX!

____________

There is no anger in Me: If one offers Me thorns and thistles, I will march to battle against him, And set all of them on fire.

But if he holds fast to My refuge, He makes Me his friend; He makes Me his friend. (Isaiah 27:4-5)
PhennommennonnModerator  (OP)
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01/18/2020 07:29 PM

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Re: Donald Trump nominates Federal Reserve critic to central bank’s board
Step one.
 Quoting: Anonymous Coward 73285116


1Trump-HISballs1
 Quoting: Phennommennonn


TrumpAFOne
 Quoting: LoneStarRising


I stole that when i 1st saw it chuckle
political correctness is a doctrine.... fostered by a delusional, illogical minority...... and rabidly promoted by an unscrupulous mainstream media; which holds forth the proposition that it is entirely possible to pick up a turd by the clean end.
Anonymous Coward
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01/18/2020 07:32 PM
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Re: Donald Trump nominates Federal Reserve critic to central bank’s board
Donald Trump has announced Christopher Waller and Judy Shelton as nominees for the Federal Reserve’s board of governors.

If confirmed, they would bring it to its full complement of seven governors, five of whom will have been selected by the US president.

The two would join a Fed deep into an 18-month review of how it carries out and talks about policy, as it considers how effective its tools are with its policy rate already close to zero. The Fed is also considering an exit from its temporary programme of expanding its balance sheet to calm the financial markets for short-term debt.

More

[link to twitter.com (secure)]
 Quoting: Phennommennonn


i lol'd at programme of 'expanding its balance sheet'

they sure have clever little terms for it
Anonymous Coward
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01/18/2020 07:32 PM
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Re: Donald Trump nominates Federal Reserve critic to central bank’s board
He should make Ron Paul the Fed Chairman!
 Quoting: Anonymous Coward 73092551


Nice.
Anonymous Coward
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01/18/2020 07:34 PM
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Re: Donald Trump nominates Federal Reserve critic to central bank’s board
I thought Trump was getting rid of the Fed. It's unconstitutional anyway.

1dunno1
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01/18/2020 07:34 PM
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Re: Donald Trump nominates Federal Reserve critic to central bank’s board
He should make Ron Paul the Fed Chairman!
 Quoting: Anonymous Coward 73092551


this2
Jungleboogie

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01/18/2020 07:41 PM
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Re: Donald Trump nominates Federal Reserve critic to central bank’s board
Hope he selects Ron Paul next time.
Embrace the cognitive dissonance.
oniongrass

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01/18/2020 07:43 PM
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Re: Donald Trump nominates Federal Reserve critic to central bank’s board
Donald Trump has announced Christopher Waller and Judy Shelton as nominees for the Federal Reserve’s board of governors.

If confirmed, they would bring it to its full complement of seven governors, five of whom will have been selected by the US president.

The two would join a Fed deep into an 18-month review of how it carries out and talks about policy, as it considers how effective its tools are with its policy rate already close to zero. The Fed is also considering an exit from its temporary programme of expanding its balance sheet to calm the financial markets for short-term debt.

More

[link to twitter.com (secure)]
 Quoting: Phennommennonn


i lol'd at programme of 'expanding its balance sheet'

they sure have clever little terms for it
 Quoting: Anonymous Coward 76423614


That's to drive down long term interest rates and prevent defaults i.e. they buy stuff that was going to default. At least that's what they did in 2008. It's disclosed very plainly and honestly in the posted audit opinions.
.
DON'T VAX, PROPHYLAX!

____________

There is no anger in Me: If one offers Me thorns and thistles, I will march to battle against him, And set all of them on fire.

But if he holds fast to My refuge, He makes Me his friend; He makes Me his friend. (Isaiah 27:4-5)
Anonymous Coward
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01/18/2020 07:43 PM
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Re: Donald Trump nominates Federal Reserve critic to central bank’s board
Ron paul would have been a much better choice.
Anonymous Coward
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01/18/2020 07:51 PM
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Re: Donald Trump nominates Federal Reserve critic to central bank’s board
Step one.
 Quoting: Anonymous Coward 73285116


:1Trump-HISballs1:
 Quoting: Phennommennonn


You actually have bigger balls than that punk ass bitch does.
Theobromine The Deplorable

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01/18/2020 08:00 PM

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Re: Donald Trump nominates Federal Reserve critic to central bank’s board
The damage is done, if they stop the across the board QE markets will collapse. They can't afford to allow fair value to realise itself and allow pricing mechanisms to once again be in place

Interest rates also need to be higher, the yield curve would show that if it wasn't completely rigged by the fed

Maybe after the election
 Quoting: Xenophon


He will be more flexible after the election haha

And - the implications of this nomination is to somehow ((())gently())))) dismantle the FED

What a great idea!

Let PM’s float to their true value

Attempt a SOFT LANDING for the little people

Last Edited by Theobromine on 01/18/2020 08:01 PM
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