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User ID: 47991895 United States 04/06/2022 11:48 AM Report Abusive Post Report Copyright Violation | NYFed President Bill Dudley: If stocks don't fall the FED will force them to fall Unlike many other economies, the U.S. doesn’t respond directly to changes in short-term interest rates, Dudley said, partly because most U.S. home buyers have long-term, fixed-rate mortgages. But many U.S. households, also in contrast to other countries, have a significant amount of their wealth in equities, which makes them sensitive to financial conditions. Dudley’s call for the Fed to inflict losses on investors stands in contrast to the longstanding notion of a figurative Fed put, the idea that the central bank would halt monetary tightening or otherwise ride to the rescue in the event of heavy losses in financial markets. Dudley, who ran the New York Fed from 2009 to 2018, was previously chief U.S. economist at Goldman Sachs and is now a senior research scholar at Princeton University’s Center for Economic Policy Studies. “If this doesn’t happen on its own (which seems unlikely), the Fed will have to shock the market to achieve the desired reponse,” Dudley said. That would mean hiking rates much higher than market participants currently anticipate because the Fed, “one way or another, to get inflation under control…will need to push bond yields higher and stock prices lower.” [ link to www.marketwatch.com (secure)] They're going to pull it. How much it drops is anyone's guess but there is no Fed Put so they're going to let it drop. Yeah, well, that's just, like, your opinion, man. |
Anonymous Coward User ID: 82721951 Argentina 04/06/2022 12:22 PM Report Abusive Post Report Copyright Violation | Re: NYFed President Bill Dudley: If stocks don't fall the FED will force them to fall The fed can fuck off and stfu or else. |
Anonymous Coward User ID: 50416618 United Kingdom 09/24/2023 12:38 PM Report Abusive Post Report Copyright Violation | Re: NYFed President Bill Dudley: If stocks don't fall the FED will force them to fall |
Flying Elvii
User ID: 84802739 United States 09/24/2023 12:49 PM
Report Abusive Post Report Copyright Violation | Re: NYFed President Bill Dudley: If stocks don't fall the FED will force them to fall Translation: The US Middle Class has too much wealth.
That must be destroyed to bring about the Eco-Fascist Utopian Dictatorship
Does no one actually READ Marx anymore? |
Anonymous Coward User ID: 86336450 09/24/2023 12:51 PM Report Abusive Post Report Copyright Violation | Re: NYFed President Bill Dudley: If stocks don't fall the FED will force them to fall OII VEYYYYYYYY |
Anonymous Coward User ID: 86336578 09/24/2023 12:51 PM Report Abusive Post Report Copyright Violation | Re: NYFed President Bill Dudley: If stocks don't fall the FED will force them to fall OII VEYYYYYYYY Quoting: Anonymous Coward 86336450 Schittbagg |
Anonymous Coward User ID: 86298852 United States 09/24/2023 01:03 PM Report Abusive Post Report Copyright Violation | Re: NYFed President Bill Dudley: If stocks don't fall the FED will force them to fall Wait, so someone with the ability just said they're gonna manipulate the market!? Isn't that illegal to even just say? |
Anonymous Coward User ID: 86336450 09/24/2023 01:05 PM Report Abusive Post Report Copyright Violation | Re: NYFed President Bill Dudley: If stocks don't fall the FED will force them to fall OII VEYYYYYYYY Quoting: Anonymous Coward 86336450 Schittbagg Quoting: Anonymous Coward 86336578 OII VEYYYYYYYY |