Discover and read the best of Twitter Threads about #thefed

Most recents (12)

The US Federal Reserve has two imperatives: keeping #employment high and #inflation low. When these conflict - when unemployment goes near-zero - the Fed forgets all about #FullEmployment, cranking #InterestRates to "cool the economy" (AKA "increasing #unemployment"). 1/ A vintage postcard illustration of the Federal Reserve build
If you'd like an essay-formatted version of this thread to read or share, here's a link to it on, my surveillance-free, ad-free, tracker-free blog:… 2/
An economy "cools down" when workers have less money, which means that the prices offered for goods and services go down, as fewer workers have less money to spend. 3/
Read 53 tweets
#PCE #Core #Inflation keeps rising.

Main indicator for the #FederalReserve when judging whether or not to continue raising #interestrates.

#Powell was quite clear in his speeches that they will continue raising "into pain" as long as price stability is not achieved.

By "into pain", they are primarily referring to their dual mandate of price stability (#inflation) and maximum #Employment.

But there is not much pain showing up in the job market.

Last weekly jobless claims hit a 5-month low.…
So to summarize, #TheFed has 2 jobs:
1. Reduce #inflation (not done)
2. Maximize #employment (done)

And they've been adamant about raising #rates until 1. is done, even at temporary setbacks to 2.

Unless they plan on pulling a #BoE, anything short of #75bps/#100bps is hopium.
Read 4 tweets
Are $5 egg sandwiches a thing of the past? Let’s break down what happened yesterday… 🧵 1/9
I won’t admit I am getting old but when I was younger an egg sandwich at an NYC deli cost $1.50—I sound like my dad so I will stop—but everything is expensive now. It makes sense because eggs, bacon, salt, bread, gas for the grill, insurance, etc. are all costing a lot more. 2/9
The fight is underway ➡️ Yesterday, the #thefed raised interest rates by .5%, acknowledging the rising costs we’re all feeling, which is due to #inflation. 3/9
Read 9 tweets
Notice how expensive gas, milk, and eggs are lately? Wonder why? 🧵 1/7
The answer is #Inflation, which is a general increase in prices over time. Inflation causes your money to lose value over time - prices go up, and $1 can buy less than it did before. High inflation causes your money to lose value faster. So the things you buy cost more $. 2/7
Inflation is typically about 3% per year, meaning things get about 3% more expensive each year. Over the past 12 months, inflation rose to 8.5%, which is insane! This is exactly why things are so much more expensive now. 3/7 Image
Read 7 tweets
Daily Bookmarks to GAVNet 05/31/2021…
Declining biodiversity in wild Amazon fisheries threatens human diet…

#biodiversity #amazon #fisheries #diet #consequences
The Covid-19 Lab Leak Theory Is a Tale of Weaponized Uncertainty…

#COVID19 #origin #wuhan #LabLeak #weaponization #uncertainty
Read 10 tweets
Daily Bookmarks to GAVNet 05/22/2021…
A Scratched Hint of Ancient Ties Stirs National Furies in Europe…

#archaeology #europe #runes #slavic #nativism #nationalism #debate
Zoltan On The Coming QE Endgame: "Banks Have No More Space For Reserves"…

#banking #reserves #TheFed #FinancialSystem
Read 10 tweets
~0- [The I.R.S. is a private collection agency for
the private ‘family owned’ business known as the Federal Reserve.
Let me show you how this private group of
profiteers is stealing the future from your family.]
~1- [Let’s say that over the course of your working career, your average annual net taxable income (after deductions) is $45,000. In a 45 year career, a simple tax rate of 20% would amount to $9,000 a year or $405,000 over 45 years.]
~2- [Now, let’s take into consideration the time value of money and say that had you kept that money yourself & only earned a humble 8% annually (a common figure in annuities). ]
Read 5 tweets
Daily Bookmarks to GAVNet 03/24/2021…
The COVID-19 response illustrates that traditional academic reward structures and metrics do not reflect crucial contributions to modern science…

#rewards #metrics #ScientificContributions
The Years of Work Behind Washington’s Best-Liked Man…

#TheFed #leadership #biography #OpEd
Read 10 tweets
Was the election of Donald Trump a miracle? An act of God? Is Trump blessed?
I have previously made the assertion that Hillary is certainly no fan of God's. Quite the opposite, she aligns with Satan.
You might not be religious. (((They))) are.
Read 20 tweets

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