Ex NY Fed Chariman encourages weaponizing the Fed against a Trump re-election

The 'markets' are controlled. They are changed and pushed by articles, tweets and discussions in the current era and the biggest is fear right now. The economy, if you do not listen to the MSM, is going great. It is also being held back by certain indicators and rate changes that are not being used, at the current time, to encourage growth. The US is ok but globally, with the US pulling back, they are hurting. Oh well. We need to protect US interests and not others.

The statement from Former New York Fed President Bill Dudley to the current FED on one hand has told former colleagues to not help with the trade war escalation and has gone as far as to state the US FED should be used to influence the 2020 election. Why?

Because a Trump re-election presents a threat to the US and Global markets. I remember hearing that before the election. Gas will be 5 bucks a gallon and the Dow will drop to 5000. Well, gas in some places is dropping below 2 bucks and the DOW is doing just fine and has record numbers since Trump took office. Sure weekly there are dips or tweets that change it but investing is long term not short term so not only is this Ex Fed conspiring against a sitting president but he is screwing the rest of us telling the FED to not drop rates.

Former New York Fed President Bill Dudley encouraged his one-time colleagues not to help Trump’s “disastrous path of trade war escalation.”

He even suggested, in a Bloomberg editorial, that the Fed try to influence the 2020 election by not cutting rates further.

“After all, Trump’s reelection arguably presents a threat to the U.S. and global economy, to the Fed’s independence and its ability to achieve its employment and inflation objectives,” Dudley wrote.

www.cnbc.com...
This is what our country, not our president, is up against in 2020. He is actively and openly suggesting not only tanking the economy by not helping but using that to disrupt and sway an election. THIS is what should be on the MSM everyday.

This is corruption and dare I say treason wanting to use federal policy to disrupt an election.

day late and a dollar short

a reply to: toysforadults

Was this already posted or you mean it does not matter?

a reply to: matafuchs

We already know that our Google searches are being manipulated.
Does anyone really believe it wouldn't be possible to manipulate data to directly effect the economy?

originally posted by: toysforadults
day late and a dollar short

Exactly, the fed influences wall st. and Wall st. is starting to panic. I'm out totally...

www.cnn.com...

I think we should assign a special prosecutor to go after Bill Dudley for any wrongdoings during his tenure and destroy him financially since that seems to be his intention for the rest of America.

a reply to: olaru12

Wall St is not panicking. Small and short term investors are I am sure. That is how it works. Dudley worked for Goldman-Sachs he knows the deal.

However, this thread is a former head of the NY FED for a decade telling his colleagues in the FED to destroy the economy to ensure Trump loses an election.

Are you ok with that?

a reply to: matafuchs

This is corruption and dare I say treason wanting to use federal policy to disrupt an election.

Symptomatic of a bigger problem. No one stays in the swim lane anymore. Anyone with any influence or history thereof thinks they know better. Except all their expertise led us to the national malaise of 2016.

Trump may be wrong. But at least he is not mindlessly repeating old policies that haven't worked particularly well for a long time.

Cheers

a reply to: matafuchs

Of course he's okay with it.
Leftists would be okay with the Earth being destroyed by a meteor as long as Trump doesn't get re-elected.

originally posted by: watchitburn
a reply to: matafuchs

Of course he's okay with it.
Leftists would be okay with the Earth being destroyed by a meteor as long as Trump doesn't get re-elected.

It kind of sounds like your jealous the leftists would beat Trump to it.

originally posted by: matafuchs
a reply to: toysforadults

Was this already posted or you mean it does not matter?

Fed has already been doing this for a while

I guess you think this trade war and trickle down economics is good for the economy. I don't, and expect a deep and long recession after xmas, maybe before. Trump is listening to his staff of total morons and the taxpayers will pay the price bailing out the "too big to fail" yet once again.

God, I never thought I say it, but I trust the neocons more that the fools in the WH.

By the way WELCOMEa reply to: F2d5thCavv2

originally posted by: matafuchs
a reply to: olaru12

Wall St is not panicking. Small and short term investors are I am sure. That is how it works. Dudley worked for Goldman-Sachs he knows the deal.

However, this thread is a former head of the NY FED for a decade telling his colleagues in the FED to destroy the economy to ensure Trump loses an election.

Are you ok with that?

Yep. The big cats make a lot of noise as they sell. The price drops as they create a panic. After the price bottoms out, the big cats get right back into the market and take advantage of the new low prices. When it is done on a large enough scale it ia apparently no longer illegal manipulation but "a market trend"...

a reply to: olaru12

To me there is no 'trade war'. We lost long ago and China and others have grown at the expense of the regular American worker who lost their jobs but saw no tax relief. Tech jobs were supposed to carry us into the new century and there was a bust. Wages for over a decade were stagnant. Hiring had stopped. US businesses were in decline. Thank god we have a leader who is not bowing anymore like the last 3 did.

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Never happened but when people dumped other got very very rich.

As for Trickle Down, I only believe that businesses should pay less tax but not the wealthy and it does work. Funny it is the left and the Progressives that say it does not work and for them it does not because there is less money for their 'pet' social projects.

a reply to: RadioRobert

Exactly. It is a tale as old as time...

a reply to: matafuchs

This is corruption and dare I say treason wanting to use federal policy to disrupt an election.

by any means necessary

the msm and hillary couldn't win
the spying and russia and mueller couldn't win

they will pull out all the stops for 2020

a reply to: olaru12

God, I never thought I say it, but I trust the neocons more that the fools in the WH.

why is that?
the enemy of my enemy is my friend

not at all surprising

originally posted by: Plotus
By the way WELCOMEa reply to: F2d5thCavv2

a reply to: matafuchs

www.youtube.com...

always appropriate