r/wallstreetbets • u/abishop717 • 1d ago

Discussion 5 rate cuts 😮

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2.3k Upvotes

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u/Rrrrandle 1d ago

The feds job isn't to save the stock market, it's to keep inflation and unemployment low. Lowering rates now does nothing for either.

314

u/Thatineweirdguy 1d ago

Thank you for a sane response.

30

u/adrr 1d ago

Did someone tell JPowell that?

52

u/Rgarza05 1d ago

I mean I was confused why Biden kept him on but he has proven to know what he is doing. He has lowered inflation without a recession.

15

u/Unfair_Inspection_59 1d ago

I bet this week he’s all “fuck this; I’m out.”

12

u/skoalbrother 1d ago

I hope he doesn't because MTG is his replacement

1

u/More-Ad-5003 1d ago

Is this real ? 😅

6

u/DickFineman73 1d ago

No - it'll end up being someone even more stupid.