@unusual_whales Under Powell, the Fed has lost any influence it may have had to influence economic policy. Fed rate cuts or rate increases don’t move the needle anymore. The U.S. economy is increasingly driven by the Treasury and fiscal dominance. Eternal deficits running $2 trillion = the norm.
@dangambardello@dangambardello Dan, aren’t we witnessing the transition from QE to Fiscal Dominance? The Fed is no longer calling the shots, it’s the Treasury. All of this focus on the new Fed pick is, ultimately, a moot point. The Big Beautiful Bill will have the same effect as traditional QE.
@kevinolearytv The fact that no official recession has yet been called tells me the Fed has just gotten remarkably good at hiding and/or subverting negative economic data. Every economic chart I see has current numbers below what we experienced during the Great Recession. This doesn’t add up.
@KobeissiLetter I believe we’ve been in a recession for many months. The really odd thing is that there’s been no official acknowledgment of it by the Fed. Every economic statistic points to similar negative numbers that were last seen during the Great Recession.