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House of Roberts

(5,788 posts)

9. Am I wrong or does the Federal Open Market Committee vote on these rate changes?

Reply to gab13by13 (Original post)

Mon Dec 23, 2024, 10:33 AM

Dec 23

Powell is just the chair, and just one of 12 votes as to the raising or lowering of interest rates.

Even if Musk himself were the Chairman, he could still be outvoted 11-1.

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Highlight:

My Prediction On The Fed & Interest Rates [View all] gab13by13 Dec 23 OP

But it isn't inflation... Think. Again. Dec 23 #1

Powell announced last week there will be few, if any, rate cuts in 2025 Fiendish Thingy Dec 23 #2

President Musk will make Powell an offer he can't refuse. gab13by13 Dec 23 #4

cutting rates would be unlikely to cause a recession, but it certainly would reignite inflation, especially with tariffs unblock Dec 23 #6

Low rates trigger High inflation, which lowers demand Fiendish Thingy Dec 23 #7

well, it gets a little complicated.... unblock Dec 23 #11

I think Powell knows full well that Trump Johonny Dec 23 #8

I think the OPs analysis is pretty good except they won't be able to fire JohnSJ Dec 23 #3

his term are chair expires may 2026. if donnie isn't happy with what he does in 2025, he can just wait until then. unblock Dec 23 #5

Am I wrong or does the Federal Open Market Committee vote on these rate changes? House of Roberts Dec 23 #9

Part of the troubles are with UpInArms Dec 23 #10

My financial advisors think Trump is mostly talk and no action. yardwork Dec 23 #12