The Fed Cut The Federal Funds Rate, Then Jay Powell Gave A Press Conference (Video)

Jerome Powell is blissfully unaware that he really is a “true” expert for this modern era: he really is just a blithering idiot.

Unfortunately, Powell is a blithering idiot in a position where his ignorance can—and has—cost people their jobs and the economic security even a modest paycheck can provide. Judging by his bumbling performance yesterday, he will continue to do damage.

Links and Sources

• “Fed Expected to Cut Rates Again Today”: https://archive.ph/QSiYJ

• US 10 Year Treasury Bond Note Yield: https://tradingeconomics.com/united-states/government-bond-yield

• US Treasury Yields: https://invst.ly/18328g

• Dow Jones Industrial Average: https://tinyurl.com/4schcy65

• Dollar Index: https://tradingeconomics.com/united-states/currency

• FOMC Press Conference December 18 2024: https://www.federalreserve.gov/videos.htm

• Consumer Price Inflation (CPI and PCE): https://fred.stlouisfed.org/graph/?g=1Ck7r

• Core Inflation (CPI and PCE): https://fred.stlouisfed.org/graph/?g=1C7md

• Service Price Inflation (CPI and PCE): https://fred.stlouisfed.org/graph/?g=1Ck7h

• Energy Price Deflation (CPI and PCE): https://fred.stlouisfed.org/graph/?g=1Ck7l

• Employment Level:

  • 2021 - Current: https://fred.stlouisfed.org/graph/?g=1Ck8b

  • 2023 - Current: https://fred.stlouisfed.org/graph/?g=1Ckzm