Bro had calls. You can see it in his face.

Where have I heard this before; "this time it's different"

Sounds like he’s full of from his calls getting rekt

/r/MurderedByWords

[removed]

Ohh so this is Michael McKee!! Ok I saw the vid earlier of the question and Powell's response, had no idea what he looked like. Thanks

Thank you kind fellow, I sure appreciate the love. May you have a blessed day yourself and may the markets forever be in your favor.

Everything is fine until it's not. Then when it is wrecking the economy, people will say nobody sees it coming.

Then later on, other people will come out stating signs were obvious.

Of course, the fed will cut interest rate and restart QE.

He's Bloomberg's rep on economics to go sit at the FOMC presser. He knew exactly what he was asking (whether or not Fintwit and cryptopumpers were shilling a false narrative about rate cuts based on a willful misinterpretation of the FOMC press release). Here's his Twitter:

https://twitter.com/mckonomy

You probably forget most of the people in here are trading in broker accounts with "betting pools" so low they can't even qualify for real time quotes. They're probably watching a 15 minute candle update on Yahoo Finance, thinking the entire movement happened all at once. These are the same people talking about gap downs/ups like the Asian and European markets don't exist.

Berz run 2023

This reporter probably has a better understanding of the economics involved than you and the entire generation of people who were stupid enough to support your dumb existence long enough so that you can write your moronic comment. Dude sits on the economic bench for Bloomberg, and is their chosen guy to go sit at a FOMC presser. His inert Press credential to get in there has more economic awareness than your entire brain. Read his Twitter you poor, deluded, dumb piece of shit: https://twitter.com/mckonomy

Except that's not what Powell said. Powell is leaving open the door to the possibility that further chaos may impede their ability to raise the long term rate, forcing them to delay but not pause raising rates while they resolve the next crisis. He's essentially telegraphing a subject they just finished discussing in FOMC.

If the FOMC were still focused on figuring out the scale of the damage from additional, post-SVB/Signature bank failures (i.e. if FRC or others had fallen), they might not have worried about a rate hike at this moment. As Powell said, additional bank failures in the short term were taking more money out than their interest rate hike could do. That's why they didn't do 50bps in this meeting.

He's well aware of what he was asking. He's from Bloomberg and writes economics articles on the same team as Matt Levine and many other econ-nerds. Some samples from his Twitter this week:

> For all the fears generated by massive Twitter misunderstanding of the central bank swap lines announcement yesterday... Today @ecb had one bid for $5 million; @bankofengland , BOJ , @SNB_BNS had zero. No funding stress at the moment.

> Why new @federalreserve lending isn't QE or the end of QT: The Bank Term Lending Program accepts Treasuries and MBS for one year from #banks looking to shore up their balance sheets. That money is not going to be used by those banks for investments or loans. 1/2

> And they're not going to buy Treasuries or MBS with it. It's not going into the economy. And it has to be paid back, with (admittedly nominal) interest. Loans to @FDICgov receiver banks also have to be paid back and aren't going into the economy. 2/2

Dude is 100% cutting to the heart of the matter and doesn't care about whatever retail / cryptoscam narratives are being pumped on Youtube and Fintwit.

Yea, people seem to like this cause it's more interesting but Yellen is who you really should thank/blame

It was Yellen who turn the market. She was talking the same time jpow was. She said she not going to support uninsured bank account. Opposite of what jpow said

Well, what Powell said could have been taken as bullish. Thinking of this as a rate raise would suggest they won't need to raise as much in the future and brings the likelihood of a pause back into the spotlight.

Such a smug bull smile

I had a single tear fall when i heard that answer.

Well for one thinking they are in any sort of trouble.$16 billion in profit for 2022 indicates that whatever ape nonsense this Twitter page is spewing, is pretty insignificant.

The sequoia “bailout” is anything but. It’s just an outside investment. Money makes money and these guys know this very well.

That part sucked. Thought jpow was gonna be dovish like everyone else. I was wrong.

No one can answer because it’s true

What conspiracy? How does theta gang effect share holders?

He looks like someone stole Nathan Lane and Patton Oswalts genes but used a dirty tank when making the clone.