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Filtering by entity: THE BOARD (Federal Reserve Board of Governors) | Clear Filter
Summary:The post criticizes Federal Reserve Chair Jerome Powell for not lowering interest rates, arguing that doing so would save the U.S. economy money, that Europe has already cut rates significantly, and that there is currently no inflation. It calls for Congress to pressure Powell and for the Fed Board to act.
Sentiment:Critical & Disapproving
Key Claims:
- Jerome Powell is refusing to lower interest rates.
- Europe has implemented 10 rate cuts, while the U.S. has had zero.
- The U.S. currently has no inflation and a great economy.
- Interest rates should be at least two to three points lower.
- Lowering rates would save the USA $800 billion per year, plus.
- Rates can be increased later if economic conditions turn negative.
- Jerome Powell is a 'dumb, hardheaded person' and incompetent.
- The Federal Reserve Board should activate and intervene.
- The U.S. will pay for Powell's incompetence for many years.
- Call to 'MAKE AMERICA GREAT AGAIN!'
Potential Market Impact (S&P 500):8/10
Potential Geopolitical Risk:0/10
Potential Global Cross-Asset Impact:8/10
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