The FED is failing at its mandates: The first is to maintain maximum employment and the second is the keep prices stable while and long-term interest rates at moderate levels.

posted 1 year ago by Plantmedicine 1 year ago by Plantmedicine +54 / -0

Unemployment is measured by a 60,000 household survey - Not actual numbers of people receiving unemployment benefits but really fluffy estimates.

https://www.investopedia.com/ask/answers/063015/how-does-us-bureau-labor-statistics-calculate-unemployment-rate-published-monthly.asp

The Current Population Survey (CPS) is a monthly survey of households conducted by the Bureau of Census for the Bureau of Labor Statistics. It provides a comprehensive body of data on the labor force, employment, unemployment, persons not in the labor force, hours of work, earnings, and other demographic and labor force characteristics

Bureau of Labor Stats Survey Page https://www.bls.gov/cps/

Prices are OUT of control and there is no signs of decrease in price volatility

Meanwhile in may J Powell stated the goal was, "The chairman of the US Federal Reserve, Jerome Powell, said his goal is “to get wages down.”

https://multipolarista.com/2022/05/24/us-federal-reserve-wages-inflation/

As always they are controlling the board with fake numbers to justify themselves remaining in power. What does the precipice look like when the data doesn't represent the reality. Whats the red-line for the failure of the fed to be taken into account and brought to the spotlight?

Jokingly I don't think school boards can safe us on this one.

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