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We write today to urge the Federal Reserve (Fed) to cut the federal funds rate, currently at a two- decade-high of 5.3 percent, by 75 basis points (bps) at the Federal Open Market Committee (FOMC) meeting on September 17 and 18, 2024. Given the Fed's confidence in inflation moving towards its target of 2 percent and data indicating slower job growth, now is the time to swiftly move forward with rate cuts.

https://www.warren.senate.gov/imo/media/doc/warren_hickenlooper_whitehouse_letter_to_fed_re_september_rate_cut.pdf

[url=https://www.warren.senate.gov/imo/media/doc/warren_hickenlooper_whitehouse_letter_to_fed_re_september_rate_cut.pdf][/url]

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Don't get me wrong I think the FED is a terrible organization but if we didn't have it as an "independent" financial entity we'd have idiot lying corrupt scumbag politicians trying to control things they truly don't understand.


Let the FED cook.....

Ghost Mech said:

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Don't get me wrong I think the FED is a terrible organization but if we didn't have it as an "independent" financial entity we'd have idiot lying corrupt scumbag politicians trying to control things they truly don't understand.


Let the FED cook.....

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But the bold is exactly what we have right now. The fed is NOT independent. Well maybe technically, but very much in bed with the government. Janet Yellen is the treasury secretary for gods sake. They're not even trying to hide it. The founding fathers had a great idea, but failed to restrain govt from abandoning sound money. A govt issued and backed currency sounds good, but once again, govt has proven it can't be trusted with anything. That is why I believe money and currency should be handled by the free market. That is essentially what crypto is trying to do. And if they found a way to back a crypto with some sort of exchange, like gold, that would probably be the best solution.

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Given the Fed's confidence in inflation moving towards its target of 2 percent

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Written by someone who doesn't buy her own groceries.

Gigem314 said:

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JasonD2005 said:

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Well of course she wants a rate cut. Just in time for the election.

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Indian giver?

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Warren or Harris?

maybe Pocahontas should send jerome powell some smoke signals using 100 bills.

Gigem314 said:

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JasonD2005 said:

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Well of course she wants a rate cut. Just in time for the election.

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Indian giver?

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Maybe she wanted a 1/1024 cut.

Biz Ag said:

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Gigem314 said:

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JasonD2005 said:

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Well of course she wants a rate cut. Just in time for the election.

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Indian giver?

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Warren or Harris?

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Casino or motel?

We are doomed.

And for anyone that may not know, The FED is supposed to operate independently of any influence from the federal government. But that's not reality

It is obvious she is losing this election because her financial policy caused much of the problems. A big interest rate cut won't save her. Too late for Warren. But we can help American families with easing rates and increasing available capital in the markets. They waited too long to have this as an election stunt for votes. We see the fraud and manipulation.

Warren is the only person I have seen who knows mess about economics than AOC.

What are the chances the Fed does NOT cut rates? I still think they should wait...

AggieRingWielder said:

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It is obvious she is losing this election because her financial policy caused much of the problems. A big interest rate cut won't save her. Too late for Warren. But we can help American families with easing rates and increasing available capital in the markets. They waited too long to have this as an election stunt for votes. We see the fraud and manipulation.

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Whoa, is she really expected to lose? This would be monumentally awesome.

NightHawk150 said:

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What are the chances the Fed does NOT cut rates? I still think they should wait...

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They're going to cut. Question is 25 or 50 basis points

DallasAg 94 said:

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If Kamala wins, the Fed will have choice but to cut the rate to 0.0.

When she is done giving $50K to anyone who starts a small business and pays off student debt, and gives and $25K to every new home buyer... the amount of money she will flood the economy will be overwhelming and the debt the Gov carries will require no interest.

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Ironically its just the opposite. Kamala's plans will jack up inflation and cause the Fed to raise rates even higher.

NightHawk150 said:

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What are the chances the Fed does NOT cut rates? I still think they should wait...

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They are going to cut. All the other Central banks have already cut.

Only question is 0.5 or 0.25%.

I'm guessing 0.25%. Powell hates the Davos/globalist crowd. He's making Yellen sweat out refinancing the debt this year.

Ghost Mech said:

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Quote:

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We write today to urge the Federal Reserve (Fed) to cut the federal funds rate, currently at a two- decade-high of 5.3 percent, by 75 basis points (bps) at the Federal Open Market Committee (FOMC) meeting on September 17 and 18, 2024. Given the Fed's confidence in inflation moving towards its target of 2 percent and data indicating slower job growth, now is the time to swiftly move forward with rate cuts.

https://www.warren.senate.gov/imo/media/doc/warren_hickenlooper_whitehouse_letter_to_fed_re_september_rate_cut.pdf

[url=https://www.warren.senate.gov/imo/media/doc/warren_hickenlooper_whitehouse_letter_to_fed_re_september_rate_cut.pdf][/url]

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Don't get me wrong I think the FED is a terrible organization but if we didn't have it as an "independent" financial entity we'd have idiot lying corrupt scumbag politicians trying to control things they truly don't understand.


Let the FED cook.....

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Hint...it ISN'T "independent" at all, which is why we "have idiot lying corrupt scumbag politicians trying to control things they truly don't understand."

Totally understand it's not independent (thus the "quotes"). But let's not fool ourselves into thinking the politicians are in control or have the power to really influence outcomes. She's doing this to TRY to sound relevant.

Who really controls all of this? IMO: it's cartels/groups/mafias/associations run by men/oligarchs like this....... "Give me control of a nation's money supply, and I care not who makes its laws." Mayer Amschel Rothschild, founder of the Rothschild banking dynasty.


We have to have some sort of functioning currency system in place or else we would have absolute chaos and live in a continuous Great Depression. At this point the Fed's fiat currency is the only real option for us. BTC is a good idea but a totally unrealistic fantasy trying to replace the current system. Bartering works on a small scale (2 chickens for a basket of tomatoes) but who's going to take 5,000 chickens for a new F-150?

For all the *****ing and moaning we do about the FEDs unethical actions and ability to manipulate markets, they do a decent job of keep the system afloat. If you are paying attention, you can benefit financially from their moves.

CBDCs make sense in a globally connected digital system HOWEVER the problem comes when we try to figure out who's in control and how are they going to screw the rest of us over.

IMO we should have digital national currency free from Central bank control programed for 2% inflation, maybe with gold/silver backing, maybe with a national sales tax replacing income tax and with markets that have real regulatory oversight to keep institutions and people within reasonable boundaries. I want a currency that holds its value for a reasonable amount of time, is easy to use, and accepted around the world or easily convertible into one that is.

f1ghtintexasaggie said:

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Ghost Mech said:

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Quote:

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We write today to urge the Federal Reserve (Fed) to cut the federal funds rate, currently at a two- decade-high of 5.3 percent, by 75 basis points (bps) at the Federal Open Market Committee (FOMC) meeting on September 17 and 18, 2024. Given the Fed's confidence in inflation moving towards its target of 2 percent and data indicating slower job growth, now is the time to swiftly move forward with rate cuts.

https://www.warren.senate.gov/imo/media/doc/warren_hickenlooper_whitehouse_letter_to_fed_re_september_rate_cut.pdf

[url=https://www.warren.senate.gov/imo/media/doc/warren_hickenlooper_whitehouse_letter_to_fed_re_september_rate_cut.pdf][/url]

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Don't get me wrong I think the FED is a terrible organization but if we didn't have it as an "independent" financial entity we'd have idiot lying corrupt scumbag politicians trying to control things they truly don't understand.


Let the FED cook.....

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Hint...it ISN'T "independent" at all, which is why we "have idiot lying corrupt scumbag politicians trying to control things they truly don't understand."

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Nothing new about that…

The Federal Reserve should get our interest rates down to ZERO, or less, and we should then start to refinance our debt. INTEREST COST COULD BE BROUGHT WAY DOWN, while at the same time substantially lengthening the term. We have the great currency, power, and balance sheet.....

— Donald J. Trump (@realDonaldTrump) September 11, 2019

JasonD2005 said:

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Well of course she wants a rate cut. Just in time for the election.

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That will save plenty wampum.

2024 Elizabeth Warren: Jerome Powell needs to cut interest rates.

2025 Elizabeth Warren: Trump needs to stop calling for Jerome Powell to cut interest rates.pic.twitter.com/jDG15KJNBk

— MAZE (@mazemoore) July 30, 2025

Poca' changed her mind about rate cuts. She' doesn't want them now.

Reminder that Poca' been elected 3-times in a row with margins of victory of 7, 24, and 19%.

The people of Massachusetts love them some Poca'. Outstanding work by them.

If we should listen to anyone about financial matters, it would definitely be this smart Indian lady.

In her previous life she was an exceptional trader of horses and pelts for grain and white-man things.

Trump ain't gonna let this slide. He'll get after Poca' for this.

He been too busy with playing golf and other matters but he'll rage on Poca' by this weekend.

Biz Ag said:

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Gigem314 said:

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JasonD2005 said:

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Well of course she wants a rate cut. Just in time for the election.

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Indian giver?

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Warren or Harris?

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Harris didn't hit me right away like Warren but holy crap both of these are underrated posts.

Rates shouldn't have been cut then or now. Get inflation within target range and then it's reasonably debatable.

Wounded Knee https://t.co/rfMeAHrAZe

— Still Boneless (@still_boneless) July 31, 2025

Trump got Poca' stressed out hittin' that fire-water.