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originally posted by: Raggedyman
I am extremely confused
Trump wins, the media are telling us that the world will fall apart now Trumpy is going to the white house and the economy will tap out due to his mismanagement
People are rallying in the streets and violence is breaking out, nations are terrified accordingly and
The market, the currency, the economy is buoyant
Gold has remained reasonably stable considering
How does that work, what next, peace?
Is there hope in the US economy, is US currency a safe investment
I can't imagine $US currency rising of the back of Hillary
The dollar is at a high because Trump has signaled he will increase interest rates which will decrease the price of gold which conversely will raise the dollar.
The Board of Governors is an independent governmental agency consisting of seven officials and their support staff of over 1800 employees headquartered in Washington, D.C.[10] It is independent in the sense that the Board currently operates without official obligation to accept the requests or advice of any elected official with regard to actions on the money supply,[11] and its methods of funding also preserve independence. The Governors are nominated by the President of the United States, and nominations must be confirmed by the U.S. Senate.[12]
The full term of a Governor is 14 years; appointments are staggered so that one term expires on January 31 of each even-numbered year. A Governor who has served a full term may not be reappointed, but a Governor who was appointed to complete the balance of an unexpired term may be reappointed to a full 14-year term.
Once appointed, Governors may not be removed from office for their policy views. The lengthy terms and staggered appointments are intended to contribute to the insulation of the Board--and the Federal Reserve System as a whole--from day-to-day political pressures to which it might otherwise be subject.
In addition to serving as members of the Board, the Chairman and Vice Chairman of the Board serve terms of four years, and they may be reappointed to those roles and serve until their terms as Governors expire. The Chairman serves as public spokesperson and representative of the Board and manager of the Board's staff. The Chairman also presides at Board meetings. Affirming the apolitical nature of the Board, recent Presidents of both major political parties have selected the same person as Board Chairman.
Who are the members of the Federal Reserve Board, and how are they selected?
originally posted by: Gothmog
originally posted by: Raggedyman
I am extremely confused
Trump wins, the media are telling us that the world will fall apart now Trumpy is going to the white house and the economy will tap out due to his mismanagement
People are rallying in the streets and violence is breaking out, nations are terrified accordingly and
The market, the currency, the economy is buoyant
Gold has remained reasonably stable considering
How does that work, what next, peace?
Is there hope in the US economy, is US currency a safe investment
I can't imagine $US currency rising of the back of Hillary
First , what countries are terrified? All I see is most of the Indigo Delta Ten Tangos in this country on the streets acting like they always do when they cant get their way
The market - reaction to Trump's plan of lowering taxes and putting a nice interest rate up there. Instead of 0% (well nearly) Putting both of these in place kinda brings a cash flow back to the country
When it fell , I woke my investment manager up and told him buy lots of good stock. I had just transferred a good sized chunk o change to the account. He did. Now , I am walking around with a smarter snap to my walk
I told everyone that was a "Freakin Good Time to buy" . When everyone was "descrying" the end of the world was upon us
originally posted by: Raggedyman
originally posted by: Gothmog
originally posted by: Raggedyman
I am extremely confused
Trump wins, the media are telling us that the world will fall apart now Trumpy is going to the white house and the economy will tap out due to his mismanagement
People are rallying in the streets and violence is breaking out, nations are terrified accordingly and
The market, the currency, the economy is buoyant
Gold has remained reasonably stable considering
How does that work, what next, peace?
Is there hope in the US economy, is US currency a safe investment
I can't imagine $US currency rising of the back of Hillary
First , what countries are terrified? All I see is most of the Indigo Delta Ten Tangos in this country on the streets acting like they always do when they cant get their way
The market - reaction to Trump's plan of lowering taxes and putting a nice interest rate up there. Instead of 0% (well nearly) Putting both of these in place kinda brings a cash flow back to the country
When it fell , I woke my investment manager up and told him buy lots of good stock. I had just transferred a good sized chunk o change to the account. He did. Now , I am walking around with a smarter snap to my walk
I told everyone that was a "Freakin Good Time to buy" . When everyone was "descrying" the end of the world was upon us
What countries?
You must be very isolated from the world and the news
What countries indeed
originally posted by: Raggedyman
Gold has remained reasonably stable considering
originally posted by: AVoiceOfReason
hows that work out? cuz every time interests rates were kept artificially low there was a collapse right after they were raised.
originally posted by: hounddoghowlie
last i read or heard the fed is a private bank, they are the ones who will raise the interest rates. trump can only request that they raise it. they don't have to do as he says or asks.
The nominees for chair and vice-chair may be chosen by the President from among the sitting Governors for four-year terms; these appointments are also subject to Senate confirmation.[8] By law, the chair reports twice a year to Congress on the Federal Reserve's monetary policy objectives. He or she also testifies before Congress on numerous other issues and meets periodically with the Treasury Secretary.
Appointment process As stipulated by the Banking Act of 1935, the President of the United States appoints the seven members of the Board of Governors; they must then be confirmed by the Senate and serve fourteen year terms.[7][1]
The nominees for chair and vice-chair may be chosen by the President from among the sitting Governors for four-year terms; these appointments are also subject to Senate confirmation.[8] By law, the chair reports twice a year to Congress on the Federal Reserve's monetary policy objectives. He or she also testifies before Congress on numerous other issues and meets periodically with the Treasury Secretary.
Chair of the Federal Reserve
Janet L. Yellen took office as Chair of the Board of Governors of the Federal Reserve System on February 3, 2014, for a four-year term ending February 3, 2018
Janet L. Yellen
: The Federal Reserve Reform Act of 1977 required the President's designation of the Chairman and the Vice Chairman to be by and with the advice and consent of the Senate.
Membership of the Board of Governors of the Federal Reserve System, 1914-Present
The Board of Governors is an independent governmental agency consisting of seven officials and their support staff of over 1800 employees headquartered in Washington, D.C.[10] It is independent in the sense that the Board currently operates without official obligation to accept the requests or advice of any elected official with regard to actions on the money supply,[11] and its methods of funding also preserve independence. The Governors are nominated by the President of the United States, and nominations must be confirmed by the U.S. Senate.
Monetary policy of the United States
[12]
As I have discussed, monetary policy is the responsibility of the Federal Reserve--or, more specifically, the Federal Open Market Committee, which includes members of the Federal Reserve's Board of Governors and presidents of Federal Reserve Banks. Unlike fiscal policy, monetary policy does not involve any taxation, transfer payments, or purchases of goods and services. Instead, as I mentioned, monetary policy mainly involves the purchase and sale of securities. The securities that the Fed purchases in the conduct of monetary policy are held in our portfolio and earn interest. The great bulk of these interest earnings is sent to the Treasury, thereby helping reduce the government deficit
The responsibility for fiscal policy lies squarely with the Administration and the Congress. At the Federal Reserve, we implement policy to promote maximum employment and price stability, as the law under which we operate requires. Using monetary policy to try to influence the political debate on the budget would be highly inappropriate. For what it's worth, I think the strategy would also likely be ineffective: Suppose, notwithstanding our legal mandate, the Federal Reserve were to raise interest rates for the purpose of making it more expensive for the government to borrow. Such an action would substantially increase the deficit, not only because of higher interest rates, but also because the weaker recovery that would result from premature monetary tightening would further widen the gap between spending and revenues. Would such a step lead to better fiscal outcomes? It seems likely that a significant widening of the deficit--which would make the needed fiscal actions even more difficult and painful--would worsen rather than improve the prospects for a comprehensive fiscal solution.
Five Questions about the Federal Reserve and Monetary Policy
Congress can end the fed anytime it wants, so to that degree, they must answer to congress.
originally posted by: burdman30ott6
a reply to: Raggedyman
National protectionist policies like elimination of free trade agreements, import tariffs, protection for domestic production, and imigration controls increase the value of the US dollar. In essence, the markets are pondering the idea that the US could be returning to the pre-NAfTA days of the American consumer having the strongest position of any consumer in the world, tremendous purchasing power, and a dollar that's actually worth a dollar.
The globalists want to see a weak US dollar because that increases foreign production, which buttresses the multinationals' bottom lines big time.