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The President may only remove a Fed Member “for cause.” “For cause” in the case of an independent agency member is a high standard. There must be a clear nexus between the alleged misconduct and the official’s duties and responsibilities as a Fed Member. The alleged misconduct occurred prior to Cook beginning her 14 year term. The misconduct alleged in this setting has nothing to do with performance as a Fed member. A personal financial transgression, even an illegal one, prior to holding office does not meet the “for cause” standard.
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Let Them Eat Cake: The Billionaires Thread
washparkhorn replied to Firemans4Horn's topic in Cloak Room
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2021 - Is inflation finally back in the conversation?
washparkhorn replied to Reagan1k's topic in Business and Markets
Market oriented stabilizer failing (higher prices should incentivize increases in capital expenditures). Stagnating economic indicator. Not good. -
2021 - Is inflation finally back in the conversation?
washparkhorn replied to Reagan1k's topic in Business and Markets
PPI came in 7 standard deviations more than consensus expectations. Not ideal, to say the least. Stagflation remains a nightmarish risk, as the only cure (massive Paul Volcker-type rate hikes) may kill the patient). The bond vigilantes are sharpening their teeth. -
2021 - Is inflation finally back in the conversation?
washparkhorn replied to Reagan1k's topic in Business and Markets
Goldman has its inflation breakdown out: Through June, importers shouldering most of the tariffs/tax increases: Inflation w/out tariffs/tax increases v. inflation with tariffs/tax increases. A Fed rate cut will add fuel to increasing inflation. The following shows the goods experiencing significant price increases. Appliances showing a 37% price increase since January 2025. -
2021 - Is inflation finally back in the conversation?
washparkhorn replied to Reagan1k's topic in Business and Markets
Your 'analysis' is a masterclass in economic illiteracy. Death spiral? Hyperbole isn't data. Fed doesn't set rates? Tell that to the bond market. Ignoring money supply? They track M2 through their weekly H.6 reports. DSGE frameworks explicitly analyzes money growth. 'No one should print money'? Congrats, you've invented barter. You are out of your depth Neo-goldbug. No offense intended. -
The dumb fuck is too stupid to understand the bad jobs numbers justify the Fed lowering rates. His tariffs, however, are spurring price increases—ramping up inflation worries, which justify keeping rates steady. Stagflation is what I am seeing.
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Comic Relief: Satirical Tweets and Memes
washparkhorn replied to Hugo Stiglitz's topic in Cloak Room
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Get paid $26 an hour to work at an American concentration camp (and earn a chance for a one way ticket to Nuremberg).
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Markets still falling like whoa
washparkhorn replied to Llano Estacado's topic in Business and Markets
The USD has lost 10.8% of its value since the start of 2025. -
Meyers: “For someone with intellectual curiosity, life is a wonderful, perpetual and eternal university.” Rest in peace, Mr. Moyers.
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I think doomsday-libertarian Peter Thiel in 2020 stumbled onto what has been self-evident for quite some time now.
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Comic Relief: Satirical Tweets and Memes
washparkhorn replied to Hugo Stiglitz's topic in Cloak Room
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