The Fed is doing the right thing by signaling inflation is still sticky, says Roger Ferguson

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Former Fed Vice Chair Roger Ferguson discusses the latest monetary policy decison.
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I love how they frame this as “sticky” like it’s no big deal.

michaels
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Roger is making lots of sense. I see Stagflation! Since when is 4% unemployment high enough to cut? From the beginning, the Fed has been "out to increase the average inflation target from 2% to 4% to "Devalue" our massive and never-ending deficit spending by 'Debasing the USD' more aggressively. Powell is losing control and inflation is now in charge reflected by the US Treasury 10 year yield. Without fiscal government spending of approximately $1 Trillion dollars every 100 days and government jobs, we would be in a deep recession. He didn't hike high enough to crush inflation, so it will boomerang back up as GDP weakens.

johnmerlino
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hiya. There's something sticky in my underpants too haha

illegalsmirf
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Jerome is doing the best he can. He is not to blame for dem spending.

acornsucks
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Roger had the calm common sense when approaching this issue. What are the chances of a raise? Inflation isn’t sticky, it’s accelerating.

headspaceandtiming
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Increased regulation, increased debt, increased taxes, supply chain issues, changing demographics all point to high inflation- we are likely at the beginning of the cycle

I don't understand how anyone (specially "financial experts") are surprised.

salomonquijada
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If the fed’s doing the right thing in the first place, we wouldn’t be in those sticky inflation.

pcdude
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This guy is a joke. Who among us has not known for months that inflation was “sticky” and not transitory. “The Surgeon General is doing the right thing by telling people that smoking is a lot unhealthier than Americans were first led to believe.” So glad that they interviewed an expert who can dummy down such a complex situation for the rest of us deplorable simpletons.

handyman
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Government's job is to print money (for Green Energy, EVs, Nation Building, Wars, etc).
FED's job is to make sure the resulting inflation is limited to a rate of "2%" per year.
Basically they want to boil the frogs slowly to avoid mass panic.
FED is doing a good job as US national debt has reached $34, 000, 000, 000, 000 without much notice.

jaym
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I don’t think Roger Ferguson has ever offered an opinion with any substance ever. I take nothing from every single one of his interviews

ed-gnkl
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Mist minority will be 1 A for ironclad

darrylanderson
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If FOMC elects (inflation forces not permitting a cut) to hold rates steady for the year's remainder, would that be 🐂ish or 🐻ish for the overall economy?

In my view, that is far the more on the more Bullish side.

I favour a Stronger overall U.S. economy. Far the better moving into 1st and 2nd quarter 25.

LumenMichaelOne