(12-19-2018, 06:33 PM)Adam2012 Wrote:

(12-19-2018, 04:29 PM)jagibelieve Wrote: The Chairman is appointed by The President, but doesn't make the decisions.  He simply is the "mouthpiece" of the board.  You really need to educate yourself regarding how our monetary system works.

Also, just because it's called The Federal Reserve (The Fed) it is not a government entity and the board members up to and including the chairman are in fact unelected.

You really should stop acting like you're the only one with a clue. Otherwise you'll be as insufferable as StroudCrowd.

If you don't think the Chairman of the Fed doesn't have influence over policy you really need more education. It's not a governmental agency? OMG - is that a breaking news story or did you just figure that out. And how could anyone think the Chairman is elective if he's appointed by the President.

How dumb do you think most posters are. On second thought - don't answer that.

Can someone with a bright red forum reputation call someone else insufferable? Asking for a friend.

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(12-19-2018, 06:40 PM)Adam2012 Wrote:

(12-19-2018, 04:29 PM)StroudCrowd1 Wrote: The Fed will not be happy until nobody can qualify for a mortgage anymore and another recession happens. These people are truly despicable.

Also for the majority of Americans, offsetting their economic gains with rising credit card interest rates. 2 more hikes in 2019 will be devastating for our economy.

That's rather melodramatic, don't you think?

Yeah, we should rely on a politician who is more concerned on the short term (i.e., the next election) than a group that is specifically concerned with the long term fiscal health of the nation. No guarantee of infallibility of course, but I'll go with them of Mr. Bankrupt.

Trumps policies and slashing of Barry's crippling regulations are solely responsible for the economic turnaround, which in turn is solely responsible for the rise in interest rates. So yeah, I kind of take Trumps concern serious.

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