About Michael E Kelley

Software geek, speaker, humorist, consultant, writer and futurist.

FOMCGPT Is Better Than FEDERAL RESERVE

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Federal Open Market Committee (FOMC) sets policy for the Federal Reserve.

Data to Monitor Once A Month \\ 50 Plus Year Average \\ Acceptable Range

  1. Consumer Price Index YOY (CPY) Avg 3.8% Range 3%-5%
  2. Case Shiller Home Price Index YOY (HPY) Avg 5.29% Range 3.5%-7%
  3. Unemployment Rate (UR) Avg 5.73% Range 4.5%-7%

Tools Available

  1. Raise/lower Federal Funds Rate if CPY is too high/too low
  2. Raise/lower Federal Mortgage Rates if HPY is too high/too low
  3. Raise/lower Quantitative Easing if UR is too low/too high
  4. Auction Off Troubled Financial Institutions

Financial Institution Tests

  1. Uninsured deposits / domestic deposits < 50%
  2. Loans and held-to-maturity securities / total deposits  < 50%
  3. Financial Institutions that fail both tests for two consecutive quarters are auctioned off.

RESULT: No peer pressure, no human error, no recessions!

FOMCGPT(tm) To The Rescue!

A ChatGPT bot (FOMCGPT) has been designed to generate Federal Reserve policy once a month incorporating the algorithm above using easily modifiable configuration files. It is being tested using Federal Reserve FRED data from April 2021 to April 2023.

Fed Powell Texts Mid-Size Bank Presidents – “Hey, Are you guys solvent?”

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HEY WANT TO KNOW A SOLUTION?

https://www.barnesandnoble.com/w/the-assassination-of-too-big-to-fail-michael-e-kelley/1142968143

Trump Will Split From Republicans

After losing the Republican nomination for President in 2024, Trump will create a new MAGA party. Not since Teddy Roosevelt has a former President created a third party.

For more info on Teddy Roosevelt and the Progressive Party, click this link.

https://en.wikipedia.org/wiki/Progressive_Party_(United_States,_1912)