“This recalibration of our policy stance will help maintain the strength of the economy and the labor market, and will continue to enable further progress on inflation as we begin the process of moving forward a more neutral stance,”
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Recalibration shall be the new buzz word.
Its a good word... it sounds technical and therefore scary enough for most people to ignore. But not so clear that it exposes the truth to the average joe.
The Fed is actually better at crafting their language than they are at monetary policy. Haha.
Spot on. More effort is spent on carefully choosing each word of a release.
They probably employ many linguists and literary theorists to pursue maximum employment for humanities graduates.
The unspoken third mandate
A more neutral stance in the future
So they admit they are partisans lol
And it of course means nothing, unless the definition is "artificially juice the markets before the election."
One to the most interesting things I've heard over the years from listening to the No Agenda podcast is how often people give a laugh tell when discussing some government thing. Usually a gov shill talking and laughs at an odd time. Sometimes its someone like Bill Gates though. But usually it is about something I think they are lying about.
Kamala and Hillary are probably the best known for bizarrely timed laughing.
Both have terrible cackle
This is Powell at his best. He chooses words which tells how clueless fed is. It's now confirm that fed know nothing about economy and in most instances, they are gonna do what politics demand from them.
https://cointelegraph.com/news/fed-rate-cut-politically-motivated-increase-inflation-arthur-hayes
Oh, I think I'm listening to a communist leader 🤣🤣
Strengthen the economy with inflation?
Modern feudalism needs a popcorn eating, beer drinking ,TV-addicted and uninforned herd to survive. Personally I could switch to vine any day