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Posted by: thepinetree on 06/15/2022 11:24 AM Updated by: thepinetree on 06/15/2022 11:24 AM
Expires: 01/01/2027 12:00 AM
:

Federal Reserve Issues FOMC Statement After Raising Interest Rates .75%

Washington, DC...Overall economic activity appears to have picked up after edging down in the first quarter. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher energy prices, and broader price pressures.





The invasion of Ukraine by Russia is causing tremendous human and economic hardship. The invasion and related events are creating additional upward pressure on inflation and are weighing on global economic activity. In addition, COVID-related lockdowns in China are likely to exacerbate supply chain disruptions. The Committee is highly attentive to inflation risks.

The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. In support of these goals, the Committee decided to raise the target range for the federal funds rate to 1‑1/2 to 1-3/4 percent and anticipates that ongoing increases in the target range will be appropriate. In addition, the Committee will continue reducing its holdings of Treasury securities and agency debt and agency mortgage-backed securities, as described in the Plans for Reducing the Size of the Federal Reserve's Balance Sheet that were issued in May. The Committee is strongly committed to returning inflation to its 2 percent objective.

In assessing the appropriate stance of monetary policy, the Committee will continue to monitor the implications of incoming information for the economic outlook. The Committee would be prepared to adjust the stance of monetary policy as appropriate if risks emerge that could impede the attainment of the Committee's goals. The Committee's assessments will take into account a wide range of information, including readings on public health, labor market conditions, inflation pressures and inflation expectations, and financial and international developments.

Voting for the monetary policy action were Jerome H. Powell, Chair; John C. Williams, Vice Chair; Michelle W. Bowman; Lael Brainard; James Bullard; Lisa D. Cook; Patrick Harker; Philip N. Jefferson; Loretta J. Mester; and Christopher J. Waller. Voting against this action was Esther L. George, who preferred at this meeting to raise the target range for the federal funds rate by 0.5 percentage point to 1-1/4 percent to 1-1/2 percent. Patrick Harker voted as an alternate member at this meeting.

Implementation Note issued June 15, 2022




Comments - Make a comment
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No Subject
Posted on: 2022-06-15 11:38:48   By: Anonymous
 
TOO LITTLE, TOO LATE!

[Reply ]

    Re:
    Posted on: 2022-06-15 12:52:44   By: Anonymous
     

    To all the Dumbacraps come this November the red wave is coming and the swamps will be drained of all the dumbacraps bull💩.

    [Reply ]

      Re:
      Posted on: 2022-06-16 08:51:39   By: Anonymous
       
      Is Mr. November, the bold print guy too???!!!

      [Reply ]

    Re:
    Posted on: 2022-06-15 13:18:40   By: Anonymous
     
    Governor newsom opposed the budget law makers signed and said he won't sign it. Newsom wanted to pay down more of our debt (something he never mentioned he always says we have a Surplus). Gavin didn't want money going to higher education or housing. I shudder to think how much the illegals will get while American citizens stay homeless.
    Many Californians have left the state yet again because we're the most expensive state and many to different countries even. Costa Rica is one and get this, certain parts of Mexico too. Now I heard even Mexican citizens where CA residentsoved are gettingad because they're having to pay more for their rents and of course the rudeness. The same was said of citizens of Costa Rica.
    Well when you hear of Americans getting whacked in either, now you know one reason. CA Dems rudeness, works on everyone's nerves.

    [Reply ]

      Re:
      Posted on: 2022-06-15 15:38:42   By: Anonymous
       
      Could you please post coherently?

      [Reply ]

        Re:
        Posted on: 2022-06-16 08:52:39   By: Anonymous
         
        ^They are unable to.

        [Reply ]

Republican Efforts To Elect A Republican President
Posted on: 2022-06-15 11:50:37   By: Anonymous
 
J Powell, a Republican , knows presidential elections hinge on the economy.
Knowing this, and ignoring the effect inflation has on our economy he raised the Fed borrowing rate by 3/4 of a point.
Using raising the Fed rate to effect inflation by all accounts from most economists this rate hike will not have any effect for a year and more to curb inflation.
Inflation is from causes not related to a hot economy, it now is caused by greed on the part of monopolies, near monopolies, especially oil, which causes inflation due to increased costs for transportation.

The consumers will slow/ stop inflation by losing purchasing power,and purchases, which will cascade into a depression. a rate hike only adds gasoline to the inflation fire in time , damaging the economy which appears to be the goal. many people are forced to use credit to close the gap on necessities-gas, food.
Powell's rate hike will raise credit card rates, causing many to be unable to pay anything but the minimum , as their balance balloons due to a higher rate.
The US economy is a consumer based economy, when the consumers are unable to purchase goods and services, the ripple effect is great thru the chain from retail to manufacturing, and raw materials, all employment in these sectors will be affected.

This rate hike was unnecessary, and may be politically motivated.

[Reply ]

    Re: Republican Efforts To Elect A Republican President
    Posted on: 2022-06-15 13:03:16   By: Anonymous
     
    If you are trying to prove to all of us that you're an imbecil.

    You've done it!

    You can't fight or bring inflation down by artificially keeping these interest rates as low as they've been the last 3-5 years.

    You're perception of economic reality is a fantasy just as much as your political perception of Trump having won 2020.

    Welcome to the real world Cletus. Enjoy the $7 gas that big oil and Tom McClintock have brought you.

    [Reply ]

President Joseph Biden changing....
Posted on: 2022-06-15 12:23:44   By: Anonymous
 

President Joe Biden has declared he's changing Americans lives, and the people have agreed, IT'S BEEN FOR THE WORST.

NEW YORK TIMES HAS FINALLY DECLARED, THE LIBERAL LEFT NEWS SITE SAYS THEY DO NOT WANT BIDEN TO RUN IN 2024. ONLY THING I DONT UNDERSTAND IS, WHAT TOOK SO LONG?

50 Democrat politicians interviewed said no, they do NOT approve or back President Biden to run again in 2024.

Because of what the Democrats have done under President Biden, from Biden's policies, to liberal DA's handling of criminals arrested, to violent crimes everywhere under Democrats, to Defund The Police, to Socialism, Americans have abandoned the left cult and now today because of this huge failure from President Biden's Administration "For the first time since 1991, more voters are registered Republicans or lean Republican (47%) than are registered Democrats or lean Democrat (42%)." All because of the stupidity of Biden and his clueless administration and his voters who voted for a basement dweller now they have voter REMORSE, AS MILLIONS HAVE ABANDONED THE FAILURE OF THE LEFT AND NOW SEE THE REPUBLICANS AS THEIR SAVIOUR FROM THE CORRUPTED AND INCOMPETENT DEMOCRAT CULT.
A little late idiots, look what your ignorance has done, not only the damage to our country, but the entire world. Russia invaded because of Joe's weakness and his mentality. His Debacle in Afghanistan showed the Entire World his weakness, stupidity of our generals and his entire administration.
Nothing says Disaster like having a Socialist Dictatorship.
Good job if you're one of Biden's cult members🖕

[Reply ]

    Re: President Joseph Biden changing....
    Posted on: 2022-06-15 12:44:15   By: Anonymous
     
    FUK JIMMY BIDEN...

    [Reply ]

      Re: President Joseph Biden changing....
      Posted on: 2022-06-15 12:44:52   By: Anonymous
       
      Lock him up

      [Reply ]

        Re: President Joseph Biden changing....his Diapers is his only success...they're full of SHIT like him
        Posted on: 2022-06-15 13:01:11   By: Anonymous
         


        Do you remember when we were a sovereign nation, the border was under control, gas prices were ridiculously low compared to now, Mass Shootings we're 400 % less then today, violent crime, rapes, Shootings we're way below today's numbers, there was no inflation, our Allies respected us, our adversaries feared us, no supply chain crisis, baby food was available, remember when Trump created Operation Warp Speed and the entire left said impossible it would take 5 years, remember when there were only 400,000 dead Americans and under Biden it's over ONE MILLION Americans DEAD because he and his VP bad mouthed the Three Vaccines Trump gave him? Remember when there was Peace in the Middle East, other countries entering into peace agreements with Israel, Russia stayed inside their own border, the military, law enforcement respected the POTUS, Remember when teachers taught 5 year old students reading writing and arithmetic instead of questioning their sex, remember when politicians worked for American citizens instead of making us last, But all of that was wayyyy back (like 17 months ago) before president dementia and vice president Whore took over.

        Remember what our Stock Market looked like when President Trump handed his successful Economy over to the Biden Administration? Did you see what the adults in the WH did to it? Same thing they did to the Debacle in Afghanistan, our Southern Border, The Peace in the Middle East, our Entire Economy, our Strength in Leadership, our Supply Chains, our Law Enforcement Our Military, our Border Patrol Agents, our Justice System, keeping our SCOTUS protected, BIDEN HAS MADE A DEBACLE OUT OF EACH AND EVERYTHING MENTIONED AND MORE THAT WERE NOT MENTIONED AND HE HAS NOT FIXED ONE SINGLE PROBLEM HE CREATED. THE MAJORITY OF LEFT POLITICIANS KNOWS HE'S POISON, NOT ONE WANTS BIDEN OR HARRIS TO BACK THEM FOR REELECTION, AND NOT ONE WANTS BIDEN IN 2024. THAT'S HOW TERRIBLE HE'S BEEN FOR OUR NATION AND EVEN THE ENTIRE WORLD!!!




        [Reply ]

          Re: President Joseph Biden changing....his Diapers is his only success...they're full of SHIT like him
          Posted on: 2022-06-15 13:09:16   By: Anonymous
           
          Shoot, I remember when Republicans didn't support domestic terrorism and the overthrow of the government. That was just a couple years ago.

          Now Republicans are maintaining and nurturing an ongoing plot to do just that. If you're a Republican and you're not on board with that you're being castigated and removed from the party.
          Loyalty to the leader, not the country or constitution, above all else.

          [Reply ]

          Re: President Joseph Biden changing....his Diapers is his only success...they're full of SHIT like him
          Posted on: 2022-06-15 13:10:12   By: Anonymous
           
          Attempted history rewrite, reversed facts, it gives an insight into a reverse mind that is clearly Republican- up is down, down is up. Facts, data means nothing, just suck up all the Fox you can and believe. Cult mentality.
          God help us with so many brainwashed trump humpers.
          Luckily they are only 1/3 of the voters, sense, facts truth, evidence will win the day with Dems and independents, who don't fill up on Fox manure.

          [Reply ]

            Re: President Joseph Biden changing....his Diapers is his only success...they're full of SHIT like him
            Posted on: 2022-06-15 14:30:58   By: Anonymous
             

            Biden got my vote too, I think he's great, sense of humor, bringing Americans together just like he said he would. When Joe makes a promise, he keeps it. It's almost like a law for him. He sure makes Donald the Dumpster look bad, doesn't he? Now the entire world looks up to us again because the Adults are back.

            [Reply ]

              Re: President Joseph Biden changing....his Diapers is his only success...they're full of SHIT like him
              Posted on: 2022-06-15 16:38:56   By: Anonymous
               
              ^You are a fuking liar just like the rest of the Demorats! Please take your meds.

              [Reply ]

                Re: President Joseph Biden changing....his Diapers is his only success...they're full of SHIT like him
                Posted on: 2022-06-16 08:54:35   By: Anonymous
                 
                Looking forward to the day Trump dies.

                [Reply ]

    Re: President Joseph Biden changing....
    Posted on: 2022-06-15 14:22:58   By: Anonymous
     
    None of that's true, every Democrat wants Biden's approval and wants Biden to help them win reelection. But he's the President and has so many of the Trump's disasters that trump dumped on Biden's desk that Biden is much too busy fixing these problems to help these Democrat politicians.
    I watch the the View they pretty much are neutral or just a tad left but pretty much nail the subjects on both sides. Abc, CBS, NBC they're all neutral too, but when the right just lies and lies about everything why would these great news organizations report on fibs and lies from the political party who al.ost over thrown our country? Makes no sense to Nazis and White Supremacists, the original KKK founders. If it wasn't for Putin invading Ukraine we would have a great economy. But Trump did all that stuff giving Putin all he needed to begin his invasion, Trump set Putin up to make Biden look bad if trump lost the election. So blame Trump's KKK backed Nazi party that's why we're in this mess, Biden will have it fixed soon, things are already looking better with the feds raising interest rates we'll all be happy as hell that Trump's gone for good after this thrilling Jan 6th show, tells all of America and the World the danger that trump and his racist deplorables really were, and that they almost over thrown our government.

    [Reply ]

      Re: President Joseph Biden changing....
      Posted on: 2022-06-15 16:40:48   By: Anonymous
       
      Remember the good ol days? Like small pox and polio? Back of the bus and separate drinking fountains? Oh yeah and your 8 generations of white trash thinking;) Keep wiping your ass on the constitution, traitor!!!!

      [Reply ]


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