FED Meeting, what does it mean?

The fed yesterdayThe Federal Reserve (Fed) held one of its regularly scheduled meetings. Approximately eight times per year they meet to address monetary policy and make decisions regarding interest rates. The exact number and timing of these meetings can vary, and the Fed may also hold additional unscheduled meetings as needed. During these meetings, the Fed may choose to raise, lower, or maintain interest rates, depending on various economic factors and the state of the US economy. The fed has now raised interest rates 8 consecutive times in a row. Jerome Powell chairman of the federal reserve stating “

“My colleagues and I understand the hardship that high inflation is causing, and we are strongly committed to bringing inflation back down to our
2 percent goal.” He mentioned multiple times that there is no timeline for this goal and while many predict a mild recession heading into the second half of the year. Growing concerns of a labor market imbalance and other underlying factors make this situation particularly difficult to predict. Very important to note that Jerome Powell did say congress raising the debt ceiling was the “only way forward”. In previous fed meetings in the past year we’ve heard Jerome Powell express that the fed needs to operate without the interference of congress. So what happens if congress raises the debt ceiling?

Raising the debt ceiling can also be controversial, as it may signal that the government is unable to control its spending and increase concerns about the long-term sustainability of its debt. As a result, some policymakers may oppose raising the debt ceiling, arguing that it is necessary to implement spending cuts or tax increases in order to reduce the government’s debt burden.

In summary, raising the debt ceiling allows the government to continue borrowing money, but it can also be seen as a sign of fiscal responsibility and lead to political debate. Normal everyday consumers who don’t pay attention or know any better will fight over democrat reckless spending, or republican core values. In reality the fed publicly said they need to raise the debt ceiling, and they need to operate with little to no interference from congress… so what does that mean? The fed has ultimate decision of our monetary system with no interference from congress, they use the debt ceiling and other similar issues to disguise that the fed has total control over our ” free market”. If you were born in the 50s-60s you have seen the complete devaluation of the American dollar. It didn’t happen because of one bad president or one political party that liked to spend. This happened by design, the fractional reserve banking system in America isn’t that old. The United States bonding the gold standard didn’t happen until 1971. My father was born in 67… What else happened around this time? A couple years before we had one of americas most beloved bipartisan politicians gunned down in front of all of America. During this time we also had the only president in American history that wasn’t elected 1974 who “assumed presidency under extraordinary circumstances. The real un raveling of the American dollar happens during the Raegan administration. He de regulated business and let “crony capitalism” in America thrive. There is a reason every year the poorest people in the world get more poor and the richest people in the world acquire more wealth. It is not hard work, it is by design. Was this system designed to last? Since the inception of the federal reserve in 1913 the US dollar has seen a 99% decline in value. Moving off the gold standard in 1971 and current talks of the impending non existent “petro dollar” what is a dollar worth now? When you have a system making debt backed by debt, raising the amount of debt constantly to create more of it… this system docent end it just repeats until we have a class of serfs and servants. It never ends unless we end it. Stay alert and pay attention to business and finance news in the coming months and years. Being a consumer during these very strange and pivotal moments in society is clouding many of those who ultimately feel this pain but can’t express it.