/biz/ - Business & Finance

[Anonymous No.50488572]

Meme aside, do you think he's benevolent and actually wants the best for people?

[Anonymous No.50488656]

>>50488572
He's doing the best he can and genuinely wants to get the economy on the right foot so that normal Americans don't have to suffer.

[Anonymous No.50488667]

>>50488572
I think he was at first. Now I think he's doing everything to avoid looking like a clown for the history books.

[Anonymous No.50488689]

>>50488572
HAHA are you serious nigger?

[Anonymous No.50488692]

>>50488656
>>50488667
based wholesome, non-schizo posters

[Anonymous No.50488697]

>>>/pol/ for simping for e-celebs

[Anonymous No.50488708]

>>50488689
the schizos have arrived, back to /pol/

[Anonymous No.50488718]

Probably. He's too poor to have manipulated his political position for serious self interest

[El Arcón No.50488752]

>>50488572
I think he wants what's best for the USA which is a vile sack of shit that should be dragged through the filth in the worst possible way before it is destroyed.

[Anonymous No.50488783]

>>50488752
fuck off pancho

[Anonymous No.50488792]

>>50488572
>feds want best for people
good one

[Anonymous No.50489006]

>>50488572

Maybe, but he doesn't even have an education in economics, he's a lawyer. And hes old so his time frame of success is very short term. He "saved" the market in 2020, even though that caused an even worse problem with inflation now. Now he is "saving" us from inflation... which the fed caused...

Maybe Powell and other officials do have good intentions, but they have no clue what they're doing. They're just reactionaries following decades old dogma as policy. The whole point of the fed was stable prices, which we have the opposite of now. But in politics you rarely get praised for your actual long term results, just for doing what is popular in the short term.

[Anonymous No.50489157]

>>50489006
>caused an even worse problem with inflation now
You're an idiot. Covid recession would have been a Depression-level collapse. As bad as the current bout of inflation is, there are tools to get it under control.

[Anonymous No.50489238]

>>50488572
>be 1980's
>inflation @13%
>Volker raises rates to 18%
>kikes kvetch but things soon stabilized

>be now
>inflation (allegedly) 9%
>Powell "raise rates by 1%? woah lets not do anything drastic now"
>?????

[Anonymous No.50489271]

he shouldn’t have printed al that money to save the markets in 2020. he’s either spineless or did this on purpose, both are the same in the end

[Anonymous No.50489282]

>>50489157
Did any of those third world countries without Powell have a depression level collapse? No. Covid was never a bad as advertised. Now did any countries collapse because of high inflation? Yes, Sri Lanka so far. Now, covid was definitely a problem but the Fed's solution for it turned out to be mostly wrong. Covid is a supply side problem and the Fed only has demand side solutions. They printed 5 trillions dollars. Probably only 2 trillion was useful. The reset just went to the owners of bonds who the fed bought bonds from. This inflated asset prices.

[Anonymous No.50489289]

Kek, stop wasting ur cash anon, just check Yopi Network

>Backed by physical gold
>RPG games with many payout solutions depending on the desires of the player
>Yopigold pursue cost stability by buying physical gold

[Anonymous No.50489310]

>>50489157

ahaha, no. the common cold would not have been a depression level event. Government fuckery shutting production down while simultaneously printing trillions was the problem.

[Anonymous No.50489333]

>>50488572
He is too willing to do whatever the current retard from the white house wants. The fed is supposed to be an independent institution not a tool for politicians.

[Anonymous No.50489363]

>>50488718
>20 to 55 milliion
Probably like Bernie, but better at money

[Anonymous No.50489365]

Fucking probably not. Only the HBAR foundation seems like it wants the best for it's people right now. most of these giga rich cucks don't give a shit about you

[Anonymous No.50489468]

>>50488572
No
>>50488667
More or less this. Only reason he's playing games rn is because he doesn't want to be remembered as the "money printer" guy

[Anonymous No.50489628]

https://youtu.be/sDg_psWTMRM?t=3

[Anonymous No.50489638]

>>50488572
Memes aside he is the first non-Jewish FED Chairman in decades. This is on purpose as no Jew wanted to take any blame for their decades of lowering the FED funds rate all the way to zero. The Jewish FED Chairmen got us to this point and Powell tried to get us off zero percent interest rates in 2018 and got harangued. He is the fall guy.

[Anonymous No.50489658]

>>50489638
Interesting take. Also every time I see her face, I get this boiling rage. Holy fuck, I hate boomers so much.

[Anonymous No.50489681]

>>50489658
>NICE UNREALIZED GAINS GOY

[Anonymous No.50489716]

I think he’s doing and saying whatever he can to keep his job and head down. Like every other one of our “leaders”

[Anonymous No.50491652]

>>50488572
It is the fault of the federal reserve system, and unsound monetary policy, coupled with bad government, that shit will hit a fan.
These guys don't really have much agency they are sort of all the same, most don't even fully understand the core concepts.

[Anonymous No.50491761]

>>50488572
He's the chair of the Fed. Like by definition, his job is to do what's best for the American economy, overall; not necessarily what's best for your grandma with her retirement account in T bills, certainly not what's best for your portfolio.

So not to take an overly naive view of him as a philanthropist. But yes I definitely see him as genuinely wanting to do what's best in the present situation; as >>50488667 says, mostly out of concern for his own reputation but that'd be as good a reason to do the right thing as any

And who knows? the madman may make it work

>>50488752
fuck off tooker

>>50489638
Probably this also

[Anonymous No.50492350]

>>50488572
he literally wants people to get laid off so that cpi can be a bit lower. central banking uses people's suffering as a tool to drive the economy

[Anonymous No.50492452]

he's the scapegoy of the jews, same with biden. Same with all the indian tech ceos. It's so blatantly obvious. The jews really suck at being sneaky for all the slimy shit they do.

[Anonymous No.50493357]

No.
Nigger Powell had the opportunity to meaningfully raise rates and do QT.
The Fed is slow walking rate hikes and this start of "QT" actually INCREASED the Fed balance sheet.
The bond market is right. Nigger Powell is going to force a rate reversal early next year if not before Christmas.
Market bottom was two weeks(!) ago. This useless faggot ass of a bear market was all the "cheapies" could buy.
Welcome to the negrified version of the Japanese lost decade(s)

[Anonymous No.50493400]

>>50489681
just give us money that doesn't exist. sheek sheek.

[Anonymous No.50493402]

>>50493357
that wasn't the bottom brah

[Anonymous No.50493418]

>>50489638
>be circa 2010
>King Nigger wants to replace the Bernankike
>top pick is (((Larry Summers)))
>chooses (((Janet Yellen)))
Please nuke us already Xi.

[Anonymous No.50493444]

>>50493402
I wish. I'm not so sure

[Anonymous No.50493478]

>>50493444
I'm from the future. I promise you that wasn't the bottom, trips anon-kun

[Anonymous No.50493525]

>>50488656
>>50488667
First post and second post best posts

[Anonymous No.50493544]

>>50492350
Because they are working and being paid in jobs that don't functionally keep the economy and society going. No such thing as a free lunch

[Anonymous No.50493584]

>>50489282
Yeah but those third world countries received a ton of stimulus from the US and other countries. And with the US (world's largest economy btw) buying any debt and forcing the banks to lend to anyone, that was a ton of stimulus in and of itself.

Inflation hurts like hell, but it's manageable. Yes, they were slow to act and have admitted as such, but it's still a much more solvable problem than money markets freezing up during Covid.

[Anonymous No.50495810]

>>50489157
>Covid recession would have been a Depression-level collapse
Sweden would like a word with you. No lockdowns, no need for gibs.

[Anonymous No.50495851]

He wants what's best for the American economy which is an evil demon that crawled out of hell

[Anonymous No.50497314]

>>50489638
Which is why he is doing such a poor job. Gentiles are at their best in middle management and should be nowhere near a nations purse.

[Anonymous No.50497422]

>>50497314
most big boy CEOs are micks
you kike faggot

[Anonymous No.50497467]

>>50488572
In all fairness, I am not sure why you would assume that any individual's interpretation of what is "best for people" corresponds even remotely to your own.

There are plenty of fine people who believe that it would be best for everyone to adopt Christianity, attend religious services at least 3 times a week, and tithe 10% of their income to the church. Perhaps you agree with this and perhaps you do not.

There are also plenty of people who believe a military dictatorship would be best for running the United States.

There are plenty of people who believe that it would be best for THEIR people to utterly exterminate a minority group of their choice.

And so on, and so on.

[Anonymous No.50499691]

>>50488572
I think he actually is, the thing is that due to years of economic mismanagement and congressional stupidity there is just not much he can do. But intentions do matter, at least in my book.
>>50493584
I am a firm believer that inflation is what you make of it. I've made more money during these last two years thanks to memecoins like doge and qom, when the inflation is at it's highest, so has everyone else that used their time right