Former Dallas Fed Pres. Richard Fisher: The biggest problem right now are the Treasury auctions
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- Опубліковано 28 кві 2024
- Former Dallas Fed President Richard Fisher joins 'Squawk Box' to discuss the Fed's inflation fight, what to expect from this week's policy meeting, state of the economy, and more.
Guess Powell doesn't go to the gas station or grocery store, he is a JOKE.
Yeah the Biden/Yellen/Powell "transitory" inflation.
I know right what's he done the past 2 years? Nothing but cause most low and middle class families struggle and not be able to put money away. But he don't care he makes plenty of money
Richard is one the few people with common sense that come to this show.
Inflation isn't "sticky" it isn't "stalled", it's going up. And so are rates. If Powell is non-political, he will raise them for the good of our economy and Wall Street and Commercial Real Estate will have to deal with it.
100 basis points for May 1.
Correct, but he won't - this ends badly for us all
@@peterdangelo5882 oh they passed on Wednesday.
They don't want the American people to blame them for the economy going into a tailspin.
I am not foolish enough to believe that they would come out and significantly raise rates, that didn't work out well for them in 1979. They would buckle the economy if they did. If they had raised 100 basis points on Wednesday the NYSE would likely drop a good 20% or more.
It would stop all business from investing into future projects and they would all shift to asset retention mode and unemployment would go skyward.
It ultimately in the end is what they should do. Falter the economy until after the election, which is ample time for inflation to cool significantly if they push unemployment above 10% and the stock market loses a quarter of its value. It ultimately would freeze 97% of all real estate transactions.
And stop printing U.S. currency.
But that is not what they are going to do.
They put out Trillions for pandemic relief, they want their money back and the interest on top of it. This is what overspending and stimulus checks bring.
Biden spending billions that he is just pulling out of Americans assholes is going to make this bad for years to come.
Big Fish is da man!
Great points 👍
Volcker went to 20% and won. You can't get past 5 without total eclipse
Campuses have a problem 😕
Rate cuts were never likely to begin with, inflation has been ticking up for 4 months in a row and now a big miss on expected GDP growth as we head into recession. Not good.
Lol rate cuts! Rates need to increase more unfortunately.
This, right here, is the truth.
Rich knows what he is talking about
Great stuff
They will cut when more republic first banks fail
And Wells Fargo.
They want but can't. This "transitory" Bidenflation is out of control.
@@Patrick-yh5ydWFC is at 52 week highs. Keep dreaming.
Worst show on CNBC please just give us Melissa or David or Carl in the morning. This is unbearable
Where is El Erian ?
What does he have to say?
@@LumenMichaelOne he is a great source to get a least sugar coated market updates along with Tom Lee!
@@top3331 Please do not mention that clown in the same sentence as Sir Tom Lee!
Hey Joe what size bra do you wear?
even if Fed cuts rates, the way treasury auctions are shaping up, interest rates will go up only, at least until 10 yr crosses 5 again
Oh so true...
Tightly couple growth in the money supply to growth in GDP. When GDP goes negative, keep the money supply constant. Restrict the Fed's ability to grow the money supply faster than the economy. Restrict the Fed to a single mandate of price stability. Full employment shouldn't be the Fed's job. Full employment is a byproduct of a healthy economy. Full employment creates inflation. Low inflation requires some level of unemployment. The Fed's solution to today's crisis is often the basis for a future crisis requiring Fed intervention.
Oh good grief! Maybe, maybe not? We need 5% interest rates to save housing.
We need home prices to reflect real single income wages. Which means that $300k house is really a $80k house.
@@jimbeam4111 I remember when a slice of pizza was .50 cents. Prices never go down.
so that's what we need - who knew
uh ronlokk
Save housing?
@@harrychu650 I remember .25 for pizza and it was good.
I thought you were going to say raise rates. You big hawk
Smarter gen x+2
To be fair, Stiglitz is definitely left of center BUT that means something very different in Economics than it does in Politics. Stiglitz is still a firm believer in Capitalism, free markets, property rights, etc.
How can people who are so educated make a “he could care less” comment? If someone “could” care less than what is your point?
It's a problem that won't go away as the government continues to spend like a drunken sailor in port and the population becomes aware that US debt isnt the "risk-free" asset that financial models claim.
Leaving the fiat system for Bitcoin is akin to leaving an abusive relationship; once you're out, you have no desire to return.
When "everyone" has a job and experts hope for more unemployed, you wonder what is going through their head.
Odd will he 😍 crush them, like JR
Inflation isn't going away if jobs are gone. Stagflation is what we are getting.
Kennedy got betrayed by his family ❤
becky finally said something...then she went back to her shopping list. Of course she does a commercial i love my job. Paid millions a year to have no opinion and read off a prompter. Get some new person in there.
lefty to me means he's a socialist. Who cries when his fingernail breaks
I would be very very worried if I had fixed income investments.
Worried for what? Stocks is where the worry should be. Priced way beyond perfection.
@@wa210 FED will flood the market with their paper, therefore, existing instruments on the fixed income side will become under pressure!
When the Fed is not pleasing anyone, they must be doing a good job.
That sentiment can work with fiscal policy, generally not with monetary policy
He is a lefty lol😅
Best thing I've seen on CNN.
Fisher is lying his lips are moving