Fed Governor says she's still open to raising rates if inflation doesn't improve \ stacker news ~econ

Fed Governor says she's still open to raising rates if inflation doesn't improve www.cnbc.com/2024/06/25/fed-governor-bowman-says-shes-still-open-to-raising-rates-if-inflation-doesnt-improve.html

517 sats \ 8 comments \ @siggy47 25 Jun econ

What do you think of this, @TomK? If the fed actually raised rates from here the EU and Japan will really suffer.

Moreover, she indicated she is not being swayed by rate reductions from the Fed’s global counterparts such as the European Central Bank, which recently lowered its key rates by a quarter percentage point. Bowman said “it is possible over the coming months that the path of monetary policy in the U.S. will diverge from that of other advanced economies.”

view all related items

165 sats \ 0 replies \ @kepford 25 Jun

I chuckle a little when I read things like this. Not because I like to see people suffer but because of the absurdity of it all. So much centralization. The words of these people affect prices in things all over the world and it is only normal to those that haven't thought about it from the outside.

I hope our ancestors will read about this and chuckle as they live in a bitcoin dominate world. A word free of central planning.

96 sats \ 2 replies \ @TomK 25 Jun

the eurozone absolutely, and that's what it's all about. the Fed is trying to build up its own capital market here, independent of the euro banking system and, above all, to eliminate the so-called fed put. Concerning the BoJ I read this morning that they're preparing for 3 rate hikes this year. Bye bye carry-trade - this would be max pain for the eurozone

42 sats \ 1 reply \ @Undisciplined 25 Jun

If you're not going to kick a man when he's down, when are you going to kick him?

21 sats \ 0 replies \ @TomK 25 Jun

I kick these commies where it really hurts. At every opportunity.

75 sats \ 0 replies \ @Cje95 25 Jun

Burn it all downnnnnn!!!!

65 sats \ 0 replies \ @Coinsreporter 25 Jun

Japan has no other option than to sit silently. For EU, they have a chance but they won't show any sign of recession until they get naked. EU have realised that Powell is their boss and they can't even stand without him.

54 sats \ 1 reply \ @grayruby 25 Jun freebie

I think they intentionally coordinate what they say publicly to keep things balanced. Now tomorrow another governor will come out and say it is time to start considering lowering rates.

50 sats \ 0 replies \ @siggy47 OP 25 Jun

Yeah. I thought of that too. It's also possible they will parrot her point of view, but that would tank the market.