“There’s no inflation happening here. The economy is roaring. This is exactly the time not only to not raise interest rates, but we ought to consider cutting them,” Mr. Pence said in a CNBC interview.
This is an election season ploy. If US economy slows down Trump will blame Federal Reserve like it’s the Supreme Court. He will call for own re-election in order to change the Fed Governors and turn the economy around. If the economy stays strong, this Fed Reserve talk is moot.
That makes no sense at all.
Ignoring the deficit, debt, possible stimulus bubble in equities, and Treasury yields may increase in response to the heightened stimulus, there are cautious notes to be taken. We should review the weight of the variables in the Pence projection equation.
Economic ignorance at the highest levels of the administration is baffling.
No excuse for stupid
Since when is Pence an economist. He is a politician that wants more than anything ride the wave and take credit for it.
Their has been slow creeping inflation..Gas being the main creeper. Comodaties also .
Wow- how do they DO that? I never even SAW MickMulvaneyOMB 's lips move!
Raises are suppose to cover it.. That big tax cut.. but alot of people aren't seeing it..And Grandma on fixed income..That's stiff... Granny does not like inflation on a fixed income. Her dollar buys less..
Obviously has no idea on how/why Fed does what it does....
I suppose that depends on the state..Georgia has spiked.. Not hard but a 75 cents a gallon spike on gas..That's steep..Eggs almost tripled. I used to get 10 ibprophen for a dollar now I get 6 that's a 40 percent inflation .Batteries I got 4 for dollar now I get 3..That's 25 perc
Lower interest rates would be great for consumers but inflation has been spiking slowly.. gas is up 75 cents a gallon from 2 years ago..Eggs doubled..batteries 25 percent and cokes up 25 cents on the Dollar, Candy up 40 cents on the dollar. Tires up. Medicine up. Oil up. Milk..
Is his conversion therapy still holding ?
VP CNBC nbcsnl SNLUpdate FT colbertlateshow ComedyCentral Haha! 🤣
I say he should stay out of fed business. vp
Is this interference normal? I don’t think I’ve ever seen an administration try to pressure the Federal Reserve to do what it wants like this.
Great! 100 basis points.
Wait.. I'm no economist and please correct me if I'm wrong. If the economy is roaring, shouldn't we raise interest rates?
Do you have a degree in economics, or even a minor in economics? I don’t think so.
Haven’t you idiots done enough to screw anyone with a bank deposit account that pays almost nothing in interest. All done specifically to boost economic activity through low interest rates. You made developers rich and screwed seniors.
He’s an economic heavy-weight. Oops, I meant he’s an idiot. My bad.
If the economy is already “roaring” from a huge tax cut that is pushing the nation deep into debt, why should we artificially repress interest rates more? You believe in “free markets” and capitalism? Then let markets determine rates and stop begging the fed to print money.
Hanover College called...they want their degree back...also, all of us who went to school with you then, knew you were a closet pervert.
There has been very little inflation for a decade now. So how did housing prices jump
It’s roaring for the 1%, the rest of us are taking it up the ass
Read your work
Hate this administration, but cutting interest rates is a sure way to keep this economy humming along. The risk to inflation is relatively low. It will prevent housing prices from plummeting...and I am a home owner. So yeah. DO IT. There must be some bennies for all this crap.
Idiot.
Besides his ignorance of social issues, he is now demonstrating ignorance of economics. At least he is not sitting trance like.
YES THAT WOULD BE GREAT, MAKING AMERICANS HOME OWNERS AGAIN! DEMS WANT YOU TO WORK 2-3JOBS JUST TO MAKE IT! REPUBLICANS ARE JUST THE OPPOSITE! STOP SOCIALISM! STOP CORRUPT DEMOCRATS! MAGA2020 VOTEDEMOUT WALKAWAY
What are you going to cut. Zero rates failed to revive economy. And millions of savers list interest income.
Maybe Pence should take Macro-economics 101. A little knowledge can be dangerous - but not as dangerous as the combination of mind-boggling ignorance and high office....Idiocracy
Lack of basic economics? 🤔🤔
This fool and Drumpfy must have taken the same economics class.
Trump's lack of personal boundries is why he feels entitled about everything, including manipulating the Federal Reserve. Now Pence thinks it's okay to advise the Fed to lower the interest rate! The Fed is supposed to be independent! Butt out!
W T F ?
Rates should go up so that if needed they can be lowered when really needed
Oh yeah? Why all the poverty?
journalists today are paid how much lol they have spell check editing programs multiple stagers to check over this shit... my grandpa with a iPhone posting on Facebook is just as capable... and he’s not paid at the barbershop 100k a year to spread BS and gossip StateOfDemocarcy
So they can create a dangerous short term economic boom bubble, before the 2020 elections, which will burst after Trump is re-elected.
He has zero clue about fiscal policy. Amazing ignorance.
With your policy or lack of knowledge on basic humanity, maybe hold off on financial advice.
Okay.
Next time I'm at the airport I'll just hit them with the old, 'There's no cocaine smuggling happening here. Security is roaring.'
If the economy is roaring, how could there not be inflation impact?
No limit to this guy’s stupidity and shamelessness. Nothing he won’t say or do to please his shameful boss.
Clearly has no grasp of how the economy works, and is simply making purely political statement that are based in fantasy.
I'm wondering what job tmeate actually calculates, it only considers a number of an increase, meaning not all around?
Methinks the white stuff on his head is the bone growing outside. Like a helmet. Deez guys have no freaking concept about how the Fed works at all.
doesn't Pence realize StephenMoore was denied a seat on the Fed reserve board in part bc of language like this
How about full disclosure on the Fed. Who has their money parked there and who is raking in trillions as a result?
Why do they need to cut interest rates? Apparently the “economy is roaring”? What possible reason is there to take that action?
Why doesn’t Govt cut spending! That will drive interest rates a lot lower.
Horrible idea—will create an even bigger asset bubble at some point.
Per the charter, they really dont have a reason to raise rates or cut rates. This isnt fantasy football where you always have to be doing something, let it play out
This is why a rules based system is needed for determining interest rates. The impact & politicization of interest rates is underrated.
Fed Reserve does NOT work for you. They are independent to maintain credibility, Mike... GOP abandons FreeTrade, real conservatives are rolling over in graves and living will leave you as they should. Vote these bums out 2020.
Now may be a time to review on interest rates as economy is moving in good shape.Fed bank balance sheet needs some consideration and incomes to savers,pensioners also equally looked after while growth, price competition not to be much compromised?Does it create global vibrations?
You really want to fuck with the economy?
This guy is such a fool!!!
No one gives me the willies more than Pence. I loath Trump but Pence takes the cake for slimy creep at large.
Pence knows nothing about the economy. He lacks the basic understanding of numbers.
I didn’t realize Pence was such an accomplished economist 🙄
Ha ha the Cabal is going down!
Why cut interest rates if the economy is 'roaring?' Has VP ever studied economics?
cognitive dissonance?
Trying to manipulate the monetary policy now. How low will Trump and his cronies go?
😂sacrificing long run benefits for short run rewards federalreserve monetarypolicy
Money should only be lent to create jobs.
Republicans want to sell all the property they foreclosed on in the bailouts?
Costs have gone up. Food, gas, rent. What do these new jobs pay? GM executives walked into a plant in Ohio yesterday and announced its closing yesterday. 8,000 jobs lost. GM pays workers in Mexico $2.30 an hour. CEO wages are way up, stocks are up, middle class sinks lower.
One American works 3 jobs to pay their rent. JOBS INCREASED per person, stacks govt leaders pockets.
I think the economy is ROWING
Lackey?
This all just a boon for bankers who have stood by with loans floating on LIBOR or Prime. This is just a land grab for bankers. Nothing more. The rate raises have been absorbed into the economy and it’s still roaring. We are fine. Biggest threat are gas taxes. Hurts poor.
pensiveMikey said something? Hope he got DonnyT 's permission or they'll be no hamberders for lunch
Stay in your lane, bro.
might want to edit your posts. is he raising or cutting?
How stupid is Mike Pence Good economy raising interest rates Daaa
Nice proofreading WSJ. This bad QC even showed up on my terminal. Bad, bad, bad. Get your act together
What is his economic reasoning ? I know his political greed reason. When interest rates are low, the asset classes of stocks and real estate flourish. These are the tax-favored holdings of the richest. So they get the bump in appreciation and still the favorable cap gains combo.
I'm guessing it's what Gawd wants then?
Whaat? Does he want it raised or lowered? Some us us really read this stuff.
Economy is prosperous so cut interest rates, Republicans want to refinance.
This is wrong and a direct FakeNews
Pause talker regurgitates boss' ignorance.
I’ve been hearing for 2 years from liberals that the economy will tank. Maybe you guys shouldn’t be commenting on the economy either.
Umm think you just fucked up your headline. He couldn’t have said he was both for raising interests rates and lowering them...
Mike Pence might be the biggest waste of oxygen and bandwidth in the administration today
Which is it, ? Raise or lower? You need some editing help there?
Know-nothing Thugs interfering with the Fed.
Your story preview says “raising” but the tweet says lowering.
POTUS now has Pence saying this. What’s a matter tax cuts not delivering sustainable growth you need more sugar to keep the rush alive?
This makes no sense. Cut rates because economy is booming?
I think Mike Pence and the rest of this disgracefully corrupt Trump administration should keep their mouths shut concerning Fed policy, which, judging from the economic news, it's doing its job well.
Cut interest rates because economy is roaring. OK then.
He should try living on social security. VP
Is this just Donnie being an idiot, and Pence being too subservient? What data can they be seeing to beg for this so much?
But has he seen the price of gas lately? I’m guessing he doesn’t fill up at the tank much.
Cutting or raising
How about some review quality? One line says he is calling for a rate cut, another says he is calling for an increase!
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