Comment by cael450
10 days ago
Unfortunately, I think the next head of the fed is going to be appointed specifically to reduce interest rates, so we’re probably just going to go back to the 0-rate trough.
10 days ago
Unfortunately, I think the next head of the fed is going to be appointed specifically to reduce interest rates, so we’re probably just going to go back to the 0-rate trough.
Quite likely. This will be great for growth.
.. and terrible for inflation, but that can be blamed on other people.
I don't see how this can happen, tbh. Like, the chair is just one vote, and the regional Feds have almost a majority. Presumably, whoever gets the job will say they'll reduce interest rates, but I don't see how they can actually accomplish this without getting the rest of the Fed on board.
Yes, it will, as always, be blamed on wages, even when wage growth is slower than inflation.