The Masked Tulip Posted January 31, 2017 Share Posted January 31, 2017 Will Trump fire Yellen? She has made it clear that she intends serving out her term till next January. Could we now see a war between the White House and the US Fed? Will the Fed get more and more hawkish just to derail Trump? Will they raise interest rates faster in order to collapse the US economy and put the blame on Trump? We will get an inkling of what is going on later this week. Quote Link to comment Share on other sites More sharing options...
zugzwang Posted January 31, 2017 Share Posted January 31, 2017 45 minutes ago, The Masked Tulip said: Will Trump fire Yellen? She has made it clear that she intends serving out her term till next January. Could we now see a war between the White House and the US Fed? Will the Fed get more and more hawkish just to derail Trump? Will they raise interest rates faster in order to collapse the US economy and put the blame on Trump? We will get an inkling of what is going on later this week. To what end though? Sure, she's been miles behind the curve on interest rates. But does Trump really want a handful of rate hikes this year? Unless he shifts tack completely and starts blaming the Fed for the crisis rather than Obama, I say she keeps her job. Quote Link to comment Share on other sites More sharing options...
Toast Posted January 31, 2017 Share Posted January 31, 2017 1 hour ago, The Masked Tulip said: Will Trump fire Yellen? She has made it clear that she intends serving out her term till next January. Could we now see a war between the White House and the US Fed? Will the Fed get more and more hawkish just to derail Trump? Will they raise interest rates faster in order to collapse the US economy and put the blame on Trump? We will get an inkling of what is going on later this week. Important caveat: I have not idea what I'm talking about. That said, I don't think Trump is frightened of higher interest rates, so the FED can't "threaten" him with them. More than that, I wonder whether he actually wants higher rates: firstly because everyone has been moaning about the deflationary environment for the last 15 years, so that Trump could pull another blinder by having the gumption to do something about it, and secondly because if he crashes the real estate market, he can buy on the cheap. If that's so, then I think the dynamic is in the opposite direction: Yellen has a little bit of credibility, because she has been making (ever so tiny) steps to catch up in terms of tightening policy. That might be enough for her to keep her job; but if she doesn't raise this meeting or the next, then I think Trump will fire her. Quote Link to comment Share on other sites More sharing options...
Toast Posted January 31, 2017 Share Posted January 31, 2017 Did Trump say anything about interest rates during his campaign? In this strange topsy-turvy world of 2017, we might be able to deduce what he will actually do, from what he said he would do. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted January 31, 2017 Share Posted January 31, 2017 For the past 9 years the Fed has been complicit with the US Presidents over keeping IRs low. Now, with the hated Trump in power, the Fed could just talk very hawkish tomorrow, bring about a stock crash and Trump will get the blame. He won't be to blame but the politicians and media who hate him will blame him. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted February 1, 2017 Share Posted February 1, 2017 11 hours ago, Toast said: Did Trump say anything about interest rates during his campaign? In this strange topsy-turvy world of 2017, we might be able to deduce what he will actually do, from what he said he would do. Doesnt google work in some parts of the World ? Â https://www.wsj.com/articles/donald-trumps-comments-on-the-fed-interest-rate-policy-and-janet-yellen-1478724767 Contradicts himself. Â I suspect he has no idea what to do and/or he is a politician just wanting more votes if the bankers want trid of him they will raise rates, collapse the market and have the population eat him to survice ( metaphorically speaking ) Â Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted February 1, 2017 Share Posted February 1, 2017 I think people are being very complacent about today's Fed Yellen stuff. I don't think that she will raise rates - verylittle chance - but I suspect she might be very hawkish. It was a tad convenient yesterday that the White House basically talked the USD down. They obviously know what the Fed is going to say today and Trump needs a weaker USD. Â Â Quote Link to comment Share on other sites More sharing options...
Little Frank Posted February 1, 2017 Share Posted February 1, 2017 https://www.federalreserve.gov/newsevents/press/monetary/20170201a.htm In view of realized and expected labor market conditions and inflation, the Committee decided to maintain the target range for the federal funds rate at 1/2 to 3/4 percent. The stance of monetary policy remains accommodative, thereby supporting some further strengthening in labor market conditions and a return to 2 percent inflation. Quote Link to comment Share on other sites More sharing options...
Noallegiance Posted February 1, 2017 Share Posted February 1, 2017 ............... It's like watching a rerun of the same episode of a sh!te TV show over and over again. Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted February 1, 2017 Share Posted February 1, 2017 SSDD. Quote Link to comment Share on other sites More sharing options...
zugzwang Posted February 1, 2017 Share Posted February 1, 2017 Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted February 1, 2017 Share Posted February 1, 2017 The markets did not have a clue what to make of that - PMs had been bid up yesterday and again this morning in London. When the Fed made theiir announcement PMs did not know whether to soar or crash. In the end they went blah. Ditto the conventionals. Apple and FB came out with good results so they will probably drive the NASQUACK higher tomorrow but we have an island in the air... or is that a castle in the sky... and the markets may have just topped. Going to need some Trump announcement soon methinks. Quote Link to comment Share on other sites More sharing options...
zugzwang Posted February 1, 2017 Share Posted February 1, 2017 52 minutes ago, The Masked Tulip said: The markets did not have a clue what to make of that - PMs had been bid up yesterday and again this morning in London. When the Fed made theiir announcement PMs did not know whether to soar or crash. In the end they went blah. Ditto the conventionals. Apple and FB came out with good results so they will probably drive the NASQUACK higher tomorrow but we have an island in the air... or is that a castle in the sky... and the markets may have just topped. Going to need some Trump announcement soon methinks. How about a declaration of war with Iran? https://www.theguardian.com/world/2017/feb/01/iran-trump-michael-flynn-on-notice Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted February 2, 2017 Share Posted February 2, 2017 1 hour ago, zugzwang said: How about a declaration of war with Iran? https://www.theguardian.com/world/2017/feb/01/iran-trump-michael-flynn-on-notice They're not happy with the world at the moment are the guardian... Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted February 8, 2017 Author Share Posted February 8, 2017 http://www.zerohedge.com/news/2017-02-07/goldman-stunned-collapse-gasoline-demand-would-require-us-recession Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted February 12, 2017 Author Share Posted February 12, 2017 'Significant uncertainty' about fiscal policy under Trump - Fed's Fischer  COVENTRY, England U.S. Federal Reserve Vice Chair Stanley Fischer said there was significant uncertainty about U.S. fiscal policy under the Trump administration, but the Fed would be strict in meeting targets of creating full employment and getting inflation to 2 percent. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted February 12, 2017 Author Share Posted February 12, 2017 Top Federal Reserve official resigns as bank deregulation looms  WASHINGTON The Federal Reserve Board's top bank regulator said on Friday he would resign, giving a boost to President Donald Trump's plans to ease reforms put in place after the 2007-09 financial crisis. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted February 12, 2017 Author Share Posted February 12, 2017 Fed issues revised scenarios for bank stress tests after error  WASHINGTON The Federal Reserve on Friday issued revised macroeconomic scenarios for its 2017 stress testing programs to correct an error having to do with corporate yields. Quote Link to comment Share on other sites More sharing options...
Noallegiance Posted February 14, 2017 Share Posted February 14, 2017 http://www.bbc.co.uk/news/business-38972572 ".....Waiting too long to remove accommodation would be unwise....." Soooooooo the Fed are now saying that the Fed are unwise....... Being as rates have been left far too low for far too long. Turns out truth really is stranger than fiction. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted February 16, 2017 Author Share Posted February 16, 2017 While We’re Distracted by the Drama, the Economy Seems to Be Taking Off By NEIL IRWIN All the political news makes it easy to overlook a quieter development: more signals of significant economic momentum. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted February 16, 2017 Author Share Posted February 16, 2017 Exclusive - Big U.S. banks to push for easing of money laundering rules  WASHINGTON/NEW YORK America's largest banks are to propose a complete overhaul of how financial institutions investigate and report potential criminal activity, arguing that rules imposed in the years after the Sept. 11, 2001 attacks and strengthened during the Obama administration are onerous and ineffective, sources said. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted February 22, 2017 Author Share Posted February 22, 2017 Fed may raise rates 'fairly soon' Â US central bank says it may need to increase the cost of borrowing sooner than expected. Then again it may not! Quote Link to comment Share on other sites More sharing options...
zugzwang Posted February 22, 2017 Share Posted February 22, 2017 5 minutes ago, interestrateripoff said: Fed may raise rates 'fairly soon' Â US central bank says it may need to increase the cost of borrowing sooner than expected. Then again it may not! Why rush? Quote Link to comment Share on other sites More sharing options...
kidgorgeous Posted February 23, 2017 Share Posted February 23, 2017 So if the FED do raise rates the predicted 3 times this year do the BOE  have to follow suit at some point? Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted February 23, 2017 Share Posted February 23, 2017 15 minutes ago, kidgorgeous said: So if the FED do raise rates the predicted 3 times this year do the BOE  have to follow suit at some point? Can someone show him THE graph. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.