The Fed on rate cut timeline, restrictive monetary policy and inflation target

Minneapolis Fed President Neel Kashkari and Chicago Fed President Austan Goolsbee join 'Power Lunch' to discuss the Fed's next move for rate cuts.

[@sarawilliam696]

Rate cuts commence in June 2024, taking 6-8 months to complete. A potential crash, if any, might occur by March 2025. The soft landing narrative is gaining traction, making this big recession everyone is calling for less likely. With $1 million from a business sale, I'm seeking profitable investment opportunities for the next 3 years.

[@PatrickFitzgerald-cx6io]

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[@KaurKhangura]

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[@NicholasHarmon-ow3jl]

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[@KaurKhangura]

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[@NicholasHarmon-ow3jl]

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[@adamn9450]

We need to end Keynesian economics ASAP!!!!!

[@patrickmccarthy5617]

Or revise at least 😅

[@deepblue523fl]

REVOLUTION IMMEDIATELY!!!!

[@JohnReynolds-ni5lv]

Don’t worry. It’s ending via our creditors.

[@littledorrit6819]

@@deepblue523fl Yawn.

[@McMcMike11]

America ends

[@NathanAtkinson590]

Imhotep sinks the market again.

[@jhull5870]

Like the FED did in holding interest rates at 0% for too long, I believe that they will have to raise rates which they should have months ago. The present rates are not being restrictive. Their record of screwing things up is amazing.

[@McMcMike11]

Not precisely 0, but close to it for over a decade

[@user-bu6wf5xs3h]

They are waiting for more inflation or more job losses 🙃

[@GM4ThePeople]

"Austan Goolsbee" is an anagram for "Seasonable Gout", whereas "Neel Kashkari" is an anagram for "Eek, Liar: Shank!"

[@McMcMike11]

What

[@melsenbabe]

We are entering the fourth year of "transitory" significantly - and currently reaccelerating - above target inflation, but Goolsbee and Kashkari need to see more data 👌

[@amdave76]

Why does the Fed need to talk so much? Just keep quiet and do your job. The power is going to their heads.

[@bobtuiliga8691]

Better yet replace them with an algorithm, and make it open-source

[@MahanFan1]

Because that's also a policy tool

[@theholyregime7131]

So you can understand their POV. If they move left or right the market isn’t shocked and you’re not whining because you didn’t see it coming. Transparency can be good at times.

[@supadave422]

Because they're clout chasers

[@McMcMike11]

Communication is relevant, specially to know what a department is doing. You need someone to explain the results. This is not meditation. You need to talk

[@McMcMike11]

“ There is nothing we can do. We need more data “ Minneapolis Fed President.

[@adamn9450]

These guys are goof balls! How can these people be in charge of monetary policy for the world reserve currency? We need to go back to sound money! These guys are greedy fools! This is embarrassing! Short everything! buy gold and bitcoin!

[@godlovesjohnny3117]

It's says in the beginning (I don't know)

[@grandmiserthe3rd434]

Print ..............Spend ............Crash ........!!!

[@nguyenho9591]

Is this the guy that said they have unlimited cash at the Fed?

[@666dynomax]

Funny thing is people actually think rates are high

[@LamarPassmore]

"When competitors agree to restrict competition, the result is often higher prices."

[@amdave76]

If they raise rates the market will tank but that will be a good opportunity to invest cash as it will bounce back

[@emptyempty1310]

Wow they look so trustworthy

[@paulattaboyatreides6414]

Dual mandate contradicts each other

[@SantosSantos-bf5sz]

hey Neel, with all due respect, Just saw you say on YT that no one has ever bought anything with bitcoin. No one has ever bought anything with gold, either. You can buy 15 gallons of gas with a 2024 $50 dollar gold coin, that is worth $3200. You aren't going to buy stuff with a barrel of oil either. You're in the Fed. Govt job. Lucky you. And no, don't own any bitcoin, or crypto.

[@user-bj8nn7os1p]

FOMO is still here. Everyone still thinks everything is going up specially home prices. We need rate HIKEs 👀

[@Earnham]

We have 6, oh wait, 4, sorry. I lost faith in the 1st minute.

[@swaggitypigfig8413]

Scratchy mic

[@supadave422]

Capkari gotta chill this like his 5th interview in a week

[@noobmaster5434]

5 minutes wasted

[@LumenMichaelOne]

The two Renegade-Gangstuhz who sit on The Fed. That's cool. YuhNed a couple of Thugz to make it to The Governors Board.

[@hurusii9005]

Central banking. QE. Keynesian economics. Have all failed on their face. All they have to answer for is record total debt, record deficits and climbing, inflation, distortion, volatility, transfer of wealth to the top 1%, mismanagement/misallocations, below trend GDP growth, fiscal dominance. Pretty much all net negatives for greater society.

[@McMcMike11]

Keynesian will always give you grow GDP per year, ex, two years ago America fell into recession by its technical definition, and what did they do to fight that ? Infrastructure bill. What do you mean fiscal dominance ? Monetary one is always at play

[@hurusii9005]

@@McMcMike11 I mean the increase of borrowing into deficits that are not sustainable and that seem to be going up after every new administration.

[@humanbeing5300]

Not really. A sensible tax policy like we had in the 1950s and 1960s at the height of our economic power was fine. Spending is excessive but GOP tax cuts are just as much to blame.

[@hurusii9005]

@@humanbeing5300 agreed

[@dreamweaver80]

Extraordinary? LOL.

[@RichardKing-sx6xc]

🤣😅😆😂

[@ShootMoveCommunicate-xe7gg]

These guys can't make up their minds on policy. Buy Bitcoin. The most stable central bank on the planet. No guessing games, no bank bailouts. Opt out of the Fiat Ponzi !