In that case, throw the student loans on the burn pile too, can't be asking the kids to do what we don't have the balls to do.
Fed will overshoot rate increases
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The interest gets spent back into circulation and can therefore be used again to pay further interest.
Also, the bonds the gov owes on are mostly from already existing money. Therefore most of the principle gets re-spent into circulation too.
No one is going to just let the system crash if the means to not have it crash right now, still exists.
Then that means you gotta be the one to pay it instead of passing it along.
....but you can't. Same as the ones that handed it to you couldn't.
By "you", I mean this current generation.
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Potential Fed chair pick David Zervos of Jefferies backs aggressive interest rate cuts
- Wall Street veteran David Zervos added his name Thursday to the list of potential Federal Reserve chairs who think the central bank is past due in approving an interest rate reduction.
- For the past three Fed meetings, Zervos has advocated a half percentage point cut in the federal funds rate, and he repeated that position during a CNBC interview.
The chief market strategist at Jefferies told CNBC that central bankers shouldn’t be daunted by the July producer price index showing pipeline inflation pressures hotter than expected.
Instead, he advocated the Fed move aggressively now to ease as a way to forestall a labor market slowdown and in fact help create a million more jobs. For the past three Fed meetings, Zervos has advocated a half percentage point cut in the federal funds rate, and he repeated that position during an interview.
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Fed Chair Jerome Powell may seriously disappoint Wall Street at Jackson Hole
- Wall Street overwhelmingly expects the Federal Reserve to cut rates next month, and Chairman Jerome Powell’s speech on Friday will give him a chance to hint at which direction policymakers are headed. But some analysts don’t think a September rate cut is in the bag, and even some that do expect a cut are doubtful that Powell will tease it at Jackson Hole.
The annual event previously has served as an opportunity for policymakers to tease forthcoming rate moves. Last year, Powell signaled a pivot to cuts, saying “the time has come for policy to adjust” and that “my confidence has grown that inflation is on a sustainable path back to 2%.”
Wall Street overwhelmingly expects the Fed to resume rate cuts in September, after holding off for months as President Donald Trump’s tariffs ripple through the economy. That’s as Trump and the White House have put immense pressure on the Fed to ease while a more dovish governor was named to the board of governors.
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https://www.msn.com/en-us/money/eco...-at-jackson-hole/ar-AA1KGVeL?ocid=socialshare