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Fiendish Thingy

(24,276 posts)

7. Do they?

Reply to Bettie (Reply #4)

Sat Jun 6, 2026, 10:24 AM

16 hrs ago

If you’re referring to the Fed board, that is not true.

That’s why Trump was so furious at Powell, for not lowering interest rates as he demanded.

The last few board meetings, the votes have been divided with most voting to hold rates steady, a couple to cut, and IIRC, one to hike.

So the Fed doesn’t March in lockstep or “do as they are told”.

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Essentially the new Fed will manage our $38 trillion in debt [View all] bucolic_frolic 19 hrs ago OP

Troubling. cachukis 19 hrs ago #1

OK, I can understand the motives of the NEW head of the FED. no_hypocrisy 19 hrs ago #2

When no entity will buy our debt at rates we can afford, there is another plan? bucolic_frolic 19 hrs ago #3

The one thing we've learned is that Bettie 18 hrs ago #4

Do they? Fiendish Thingy 16 hrs ago #7

The billionaires are all in lock step Bettie 14 hrs ago #11

I don't see the logic Fiendish Thingy 13 hrs ago #12

That's why Powell stayed on as a regular member. hedda_foil 17 hrs ago #5

It's the same Fed, with a new chair Fiendish Thingy 16 hrs ago #6

You should learn more about the GENIUS act Fiendish Thingy 16 hrs ago #8

What Gemini reports and what I'm hearing on YouTube alt financial channels bucolic_frolic 15 hrs ago #9

there's a big difference between requiring capital reserves, and backing T bills with crypto Fiendish Thingy 14 hrs ago #10