Kevin Warsh in a pickle.

cawacko said:
I got back to there is no Republican and Democratic monetary playbook.

The Fed isn't fully apolitical and there is a long history of President's trying to influence Fed policy. That said monetary policy isn't a team sport like much of the rest of politics.
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There isn’t, but the actors following that playbook could, and I’m afraid will, be political

I may be conspiratorial, but you are too naive, just like I tried to tell you regarding the NIL, it was going to lead to the collapse of college sports as we have known them, and I was pretty much on target there
 
archives said:
There isn’t, but the actors following that playbook could, and I’m afraid will, be political

I may be conspiratorial, but you are too naive, just like I tried to tell you regarding the NIL, it was going to lead to the collapse of college sports as we have known them, and I was pretty much on target there
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I think vigilance over Fed independence is a good thing. That said there are several factors, including concern over legacies and the bond markets, that would keep people from going cartoonishly partisan.
 
archives said:
There isn’t, but the actors following that playbook could, and I’m afraid will, be political

I may be conspiratorial, but you are too naive, just like I tried to tell you regarding the NIL, it was going to lead to the collapse of college sports as we have known them, and I was pretty much on target there
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I already hate the 12 game playoff. If these a*holes go to 24, put a fork in college football.
 
Teflon Don said:
Were you calling for Powell to raise rates under Biden?
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Everyone was calling on Powell to raise rates under Biden. With 20/20 hindsight, the Fed should have raised rates towards the end of trump's first term.

Thankfully, Powell raised rates, and inflation almost dropped to target. If trump is able to gain control over the Fed, we will never get to target.
 
cawacko said:
What's so interesting when discussing the Fed and rates is hawks and doves don't fall neatly along partisan lines.

Liberals and conservatives can want lower rates while at the same time other liberals and conservatives can want higher rates.
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yes. the two party system is a sham and only exists for manipulation and false dichotomy propaganda purposes (fdpp).
 
QP! said:
The SC went against Trump tarrifs doing that dirty work too save business leaders having to fight Trump over them to save the economy. They also blocked him firing the Fed board member for the same reason.

The oligarchs are trying to keep their heads down to not get Trump and his government bodies after them but they do still have backroom pressure.

The bond market will likely collapse if Trump forces a rate cut, at this the worst time, and they know that.
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nobody in power actually gives a shit about inflation.
 
Nordberg said:
The Fed head has 7 of the board,in his party ,appointed by the president who appointed him. They have never defied the Fed chairman. Not once.https://www.npr.org/sections/planet-money/2026/02/10/g-s1-109375/how-much-power-does-the-fed-chair-really-have
Repeat all you want, you are wrong
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I'm curious your thoughts here. How would you roughly define (not asking for a literal dictionary definition) Republican monetary policy and Democratic monetary policy? I've never heard it describe that way but I'm interested in what you think.

And this idea that no one defies the chair is overstated. Yes there is a long institutional history across administrations and political parties of the Chair pushing for a unified message to the markets. That said you can look recently at dissenting votes so no, it's not a given that everyone votes at the whim of the Chair.
 
cawacko said:
I think vigilance over Fed independence is a good thing. That said there are several factors, including concern over legacies and the bond markets, that would keep people from going cartoonishly partisan.
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Vigilance by who? You might have a point with the bond market, but I don’t think there are a lot of those bending the knee to the President who are concerned about legacies
 
archives said:
Vigilance by who? You might have a point with the bond market, but I don’t think there are a lot of those bending the knee to the President who are concerned about legacies
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If the market believes the Fed is doing little more than political rate setting, then our economy is in big trouble. That doesn't benefit anyone.
 
cawacko said:
I already hate the 12 game playoff. If these a*holes go to 24, put a fork in college football.
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It’s a money grab disguised under the excitement that it would resemble the basketball tournament, that there really is some “Hoosier” story out there, but ain’t happening, doesn’t even really apply to basketball anymore. I’d say it will fade after the first three or four years

As I said, down the road, after the professionalism of college football is recognized by everyone, the NFL will consider it a competitor and start scheduling Saturday games
 
archives said:
It’s a money grab disguised under the excitement that it would resemble the basketball tournament, that there really is some “Hoosier” story out there, but ain’t happening, doesn’t even really apply to basketball anymore. I’d say it will fade after the first three or four years

As I said, down the road, after the professionalism of college football is recognized by everyone, the NFL will consider it a competitor and start scheduling Saturday games
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Of course it's all money driven. And the fans that support it basically say its 'fairer' and why would you complain about having more football.

To me, the scarcity is what made college football so special. You couldn't afford to lose a game in the regular season. That's what added so much meaning. Now it's just a mini-NFL model.

And wait, at some point before a big rivalry game a coach is going to decide to rest his players for the playoffs. Can you imagine if that happened for say Ohio State - Michigan?

I also think at some point there will be star players that sit out the playoffs.
 
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