Fed chief Powell is starting to worry about the reliability of economic data

401k balance does give one a hint of what might be going on

 

we’re only 5 months into Trump admin so too soon to tell, but agree, economic data does impact 401ks.

These reports are more than just fun factoids. They influence industries and markets. if this admin starts taking a sharpie to economic data will make our economy less efficient and weaken our country.

 

guess its just the OP who has no idea what's going on

 

LOL! I worried about reliability of data for 4 years during the Biden Office of the Presidency.

Get in line Jerome Powell. You deserve to be fired you democratic party cahooting biased fed chairman.

 

I'm sorry, but this is an ignorant post.

 

Both sides have been picking at the others data since Obama.

Powell has not appeared to be partisan.

He did wait to long to cut rates in 2018 and waited to long to raise in 2021 IMHO.

 

He engineered a very difficult soft landing that certain buffoons have been trying to derail.

 

I like that we outperformed every other first world country when it came to Covid inflation and you got a disagree on this. Some people hate stats

 

I’ll agree with the first part for sure.

I don’t think anyone is trying to ruin the landing on purpose and so far it hasn’t happened.

 

Well, they ARE trying, but they (or more correctly, most) are trying to ruin the soft landing out of ignorance...it's as simple as that!

 

Yup, that's how it works. (When half the voters are a cult to a criminal, and an entire political party has been reduced to being criminal enablers.)

Sad how they'll let their criminal destroy any aspect of our country that he chooses to. Guess that's just the reality.

 

Outperforming other first world countries is like( to borrow a line from Lisa Lampanelli) being the prettiest Woman on The View.

I don’t give a shit about rankings of who did what number. The whole thing was stupidity, and the inflation was almost completely avoidable.

 

and this is an overly generous post.

 

Inflation was completely avoidable? You really believe that?

How do you have supply shortages, but have no inflation?

 

That dirtbag fed chief hopes that he's been "accidentally" right? Lol...

 

Most of the supply shortages were tied to the stupid decisions to shut down. Don’t make stupid decisions, less supply shortages, less inflation.

Did you ever ask yourself why toilet paper was for all intents and purposes and purposes rationed. It wasn’t because of supply shortages, it was driven by the irrational panic instilled in people by The Little Idiot (Fauci) and his ilk. We all should be ashamed of ourselves for going along with that bullshit.

 

We can only control our country, if China/Vietnam/Mexico/Canada or whoever else shuts down, that still impacts our supply chains. Do we even make toilet paper here? And people horde stuff for hurricanes causing supply shortage and price hikes, even if Fauci doesnt say anything, people are going to horde supplies they dont want to have to re-up every week. Idiots in this country horde guns and ammo just because a Democrat wins an election. Mythical American self-reliance ends at the supermarket and sporting goods store.

 

Stupid decisions saved millions of lives. The repugs were all in on shutdowns, until the maga mentals cried about it. It would be an interesting phenomenon if it were't so detrimental to our democracy.