Be 2:30 PM EST

>be 2:30 PM EST
>Jerome Powell begins his speech
>"DEATH TO THE BULL RUN! TODAY THE REIGN OF THE BESR BEGINS. 10% RATE HIKE"

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Fuck, I wish. We need higher rates, even if it means the bubble has to collapse.

Higher rates would be so epic. Holy shit world would instantly collapse

He wanted to raise them and be fiscally responsible, but influencers have his nuts in a little jar and he quickly found out how the real world works.

This.

Doesn’t matter tho, recession is still coming. The fed started cutting rates BEFORE both 2008 and 2001 happened. We will get the same shortly

Inflation and higher rates is the only way out of this boomer hell. Powell is ultimate boomer and will cut rates and promise to set them negative if needed

>Record employment and tons of head room for greater domestic production of goods and services needs a rate hike because....
Whats this conventional wisdom about higher rates being a good thing all about?

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Imagine being this much of a brainlet

Lower rates allow a lot of bullshit to permeate through the economy. Including inflation

>we need higher rates

not necessarily true. the only reason to raise rates is to combat inflation. inflation isn't growing as nearly as fast and has been quite stagnant

go start a family and buy a house with your record employment.

go try and get drunk by drinking wine when the fed pours in endless amounts of water in that shit.