Who owns the Federal Reserve is a question that you need to look up and that will answer your goofy remark.
One hint: Its not the Federal Government.
But any reason for Citi's poor performance today. I think this is still a Citi board.
Wrong two_big_2_fail Here is the facts
The president appoints the Fed chair (subject to Senate confirmation) but can't fire him or her.. Congress can impeach the Fed Chairman. and Congress has the power to shut down the Federal Reserve any time that they would like.
or will Citi go lower before Dec 16.
Will the liars on the Fed Board vote yes to raise rates or will they continue lying for Obama Black Socialist program and continue to destroy the bank.
And I am sure that Congress is not prepared to fire Yellen on the 16 if the Fed Governors vote to do nothing.
Now that's funny. The Feds will not raise it before Dec 16 if they raise it this year. They should have raised it back in July but all of your Federal governors are Socialist Liberals that are knowingly destroying this country’s economy in the long haul. Sure it look fine threw wine glasses but when you sober up and look at in detail what are they going to do when unemployment number start going back up like they report today with 0 interest rates. The only thing they can do is devalue the dollar by starting QE5 which means you take a grocery bag full of money to the market and come home with a loaf of bread or now days you take your plastic card with you and you charge it all but now you can’t afford to pay the card off and each month and it continues to get worse. If they continue to wait then they will have to raise it so fast that then they will over shoot their mark and it will be just as bad as being under. The Fed board seem to be very out of touch with reality.
Have you ever heard the saying. Figures don't lie but liars figure. The government also told you that unemployment is 5.0 and Yellen still will not raise rates. Now who's lying to who.
The Federal Reserve is not owned by the Federal Government. Federal Reserve is owned by approximately 40 groups, JP Morgan is one of them. Citi, Rockefellers, Solomon's, Bank of England are also on the list. US Government borrow from the Federal Reserve. The US Government is broke not the Federal Reserve, their is a quite a few trillion dollar differences. The Federal Reserve also loans foreign banks money for a profit. Increasing Fed Rate will cause companies to stop spending and will grow our economy if it is done properly. Obama and Yellen have know clue how to do this with there Black Socialism views.
If you take a Geo, EE, ME and a Environmental Engineer an form a drilling company. You can lease land and drill for oil and gas all day long. A smart crew can have a well in less then two week operating 24/7 making money. Their is so much oil on land in why drill in the water.
If you left out energy from the equation, inflation would be just below 4%. Normal is when the Feds are doing their job and not politicking their socialism ideas which is not their job. That mean they should have raised the rates so that company would not be borrowing more money than they can afford to keep the company running smooth. Companies buying back stock and buy other companies at way to high of a multiply which they would not do if the Fed rate was higher and that is bad business. When the Fed rate is around 2 - 3 percent our economy is at its best with low inflation and high employment. When the economy starts to overheat which can be to high of employment or inflation going up then the rate needs to move up slowly to put it in check. I grant you its not easy but leave the politics out will make it easier. Yellen's socialist operation has screwed it up.
There is only one reason to borrow money! That is to make money with it. All other reason are bad decisions.
On unemployment do you use U3 or U6. The government tracks U1-U6 and uses U3.
They leave out farm workers but what about illegal construction workers.
I wouldn't be surprise if they don't start counting even days on odd months employment rates if it make them look better or just plain lies about it. That would be the Socialist Obama way.
I'm not embarrassing myself you can't answer the question which tells me you're very uneducated to put it nicely and you can't seem to figure it out which tells me you're very incompetent which does surprise me. We may not agree on something's but this answer is black and white and you can't figure it out which tells me you are a loser that just spews BS. You are embarrassing yourself and you just don't know it. HAHAHA