#Fedgibberish (Federal Reserve + gibberish)
“Odd She was confident a week ago. #fedgibberish” was posted on Twitter by Michael Lebowitz on July 13, 2017. “#FedGibberish!” (Federal Reserve + gibberish) by 720Global’s Michael Lebowitz was posted on the financial blog Zero Hedge on September 13, 2017.
Wikipedia: Federal Reserve System
The Federal Reserve System (also known as the Federal Reserve or simply the Fed) is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics (particularly the panic of 1907) led to the desire for central control of the monetary system in order to alleviate financial crises. Over the years, events such as the Great Depression in the 1930s and the Great Recession during the 2000s, have led to the expansion of the roles and responsibilities of the Federal Reserve System.
Twitter
Michael Lebowitz
@michaellebowitz
Replying to @Darlington_Dick
Odd She was confident a week ago. #fedgibberish
8:55 AM - 13 Jul 2017
Twitter
Michael Lebowitz
@michaellebowitz
My new hash tag. #fedgibberish used to highlight the Feds contradictions and meaningless statements
8:56 AM - 13 Jul 2017
Twitter
ROXFORDRADIO
@DJROMANROXFORD
#BreakingNews: #FedGibberish!: Authored by 720Global’s Michael Lebowitz via http://realinvestmentadvice.com , Recently on…
11:49 AM - 13 Sep 2017
Zero Hedge
#FedGibberish!
by Tyler Durden
Sep 13, 2017 11:55 AM
Authored by 720Global’s Michael Lebowitz via RealInvestmentAdvice.com,
Recently on our Twitter feed, @michaellebowitz, we introduced the hashtag #fedgibberish.
The purpose was to tag Federal Reserve members’ comments that highlight desperate efforts to rationalize their inane monetary policy in the post-financial crisis era. This past week there were two quotes by Fed members and one by the head of the European Central Bank (ECB) which were highly deserving of the tag. We present them below, with commentary, to help you understand the predicament the Fed and other central banks face.
(...)
As we put the finishing touches on this commentary, New York Federal Reserve President Bill Dudley pointed out that the longer-run effects of disasters like the recent hurricanes actually lifts economic activity. Our reply to this absurd comment is simple: #fedgibberish