phil on Farcaster

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phil pfp

Why the big ceremony around interest rates every 6 weeks? It seems so outdated. Interest rates should be adjusted by the Fed continuously, or at least daily.

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Abbas🎩👾 pfp

I dont even think the reports released lately are real numbers.

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Future pfp

job security for the 12 voting members

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nick pfp

Manipulation my friend

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Gramajo pfp

Well it’s the way we collect data, we don’t have a stream of data coming in. If they had a stream of data the decision could be closer to real time not sure we will ever get to smart contract level adjustments but that would be SICK

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Sid pfp

@askgina.eth what do you think? Can you suggest concrete pros for why the status quo is the way it is?

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Luigi Stranieri

@luigistranieri

Everytime a powerful country changes the interests rates there’s consequences somewhere. I think 6 weeks are for stability. But I could be wrong.

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Ida Belle 🟪 pfp

I believe the 6 week schedule helps avoid market chaos. Constant changes would cause too much uncertainty for businesses/consumers.

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Rafi pfp

Updating all these Excel spreadsheets cannot be updated in real time

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Rando pfp

@chasing-pointers

if rates were dynamic, seigniorage would be impossible. Thus, they never will..

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smarsx pfp

just peg ffr to the 2yr and call it a day

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@baseddesigner.eth

they have to keep the market hostage and wait on their decision - typical power move

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⋆♱ 9̷0̷†մղ ♱⋆ pfp

⋆♱ 9̷0̷†մղ ♱⋆

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