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mrubuto22 t1_j1yfewd wrote

Why do you people blame him?

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Outis7379 t1_j1yfksf wrote

He made us realize how abysmal our investment skills are, after making us believe we were the next Buffett for about a year. That’s pretty mean.

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forahive t1_j20ilhf wrote

Its easier to blame others than accept the truth that people typically get what they deserve; be it portfolio, market, government, community, job, friends, whatever.

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ImAnonymous135 t1_j1zthaw wrote

Cuz he over did it with QE, in the emd most of the money injected ended up in the top wealthiest

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rainniier2 t1_j20lxb8 wrote

I blame him because he overstimuled the economy pre-COVID by leaving the interest rates low too long while the economy was humming along (he was pressured by trump and gave in). Then he overstimulated the economy during COVID because he didn’t recognize that he should scale back Fed stimulus once the government stimulus was approved. He has an almost pathological need to be methodical and transparent that causes him to pivot strategies too late. He was so afraid of spooking the market that he let the COVID stimulus run way longer than necessary. I don’t think he has learned from his mistakes and someone else should clean up his mess.

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ApriamAsh t1_j1yxpwi wrote

He controls the stock market, quite literally.

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bleh19799791 t1_j212cvz wrote

Raising interest rates is a poor people tax.

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mrubuto22 t1_j21ieom wrote

How so?

Interest rates are a two way street. We now have savings accounts again. I know people Herr love to YOLO on the stock market but your average low income person would be really happy putting away $100 bucks or so a month for a few years and being able to buy a car loan free

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eazy-83 t1_j1z1kc0 wrote

Because there's no need to raise interest rates. Eventually businesses will out price themselves and everything will reset

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forcedaspiration t1_j1zas5a wrote

Because he is easy to blame. But in reality, he is punishing our government for over spending. They are supposed to get the message and reel in debt, but thats not happening. We have a debt bomb, and these rates put it very close. But, gov. employees and welfare queens both vote, and they don't want a pay cut.

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