r/wallstreetbets 1d ago

Discussion 5 rate cuts 😮

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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.

313

u/Thatineweirdguy 1d ago

Thank you for a sane response.

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u/adrr 1d ago

Did someone tell JPowell that?

146

u/ChaseballBat 1d ago

TBH JPowell is sane. I respect him for not bowing down to that idiot.

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u/Tha_Sly_Fox 1d ago

A journalist asked him about a trump quote and Powell literally said “I don’t respond to comments made by politicians” and then reiterated the Feds mandate

What a boss.