Chapter 380 The Bad News From Debin

"Mr. Dudley, I can't represent Wall Street by myself, and even with the old stock gods, we can't represent it. In fact, no one dares to say that they represent Wall Street."

Yang Cheng doesn't want to be a wolf with a big tail. It's not exclusive to country Z to shoot a bird with a head. He can't put this name on his head even if he dies.

Dudley didn't mind Yang Cheng's attitude, took a sip of coffee, and said slowly, "I came here this time to hope that you will stop in moderation and cause resistance from the European Central Bank. It is not a happy thing for you or me. Secondly, I personally I hope you can extradite the 'spoils' back to your country, the Fed has the intention to raise interest rates recently, Wall Street should set an example."

The Fed’s interest rate hike is not simply interest on deposits and loans. The United States is a country that advocates a market economy. How can such behavior dominated by the will of the state be accepted by free and brainwashed people?

Direct designation through administrative means is considered to be very low, but they can adjust the interest rate to their ideal level through market means. In their view, the interest rate designated by administrative means is destined to be pulled back to the real level of the market by the black market .

What's more, the interest rate increase is indeed not the interest rate. Although these two interest rates will eventually be affected, in fact, the interest rate increase adjusts the "U.S. federal funds rate", the interest rate when banks borrow from the Federal Reserve.

The inter-bank dismantling interest rate means that if the bank has no money, it will pay the interest rate when borrowing money with the bank, and all banks have no money and cannot lend to each other, so they can only ask the Fed to borrow the interest rate paid , which is the US federal funds rate.

After the interest rate is adjusted, it will directly affect the capital cost of the banking industry, and then generally affect industrial and commercial enterprises, and then affect private consumption, investment and the national economy.

As the largest participant in the interbank lending market, the Federal Reserve did not have the ability to adjust the interbank lending rate from the very beginning, because what it can adjust is only its own lending rate. The reason why it can determine the federal funds rate of the entire market is that because:

1. When the Federal Reserve lowers its lending rate, the lending rate between commercial banks will shift to that between commercial banks and the Fed. Because the cost of borrowing from the Fed is low, the lending rate of the entire market will drop accordingly.

2. It is easy to lower the interest rate. What if the Fed raises the lending rate? The bank can borrow from him instead of borrowing from other banks, and let the Fed's lending rate stand alone "too high to be cold".

Of course, the Federal Reserve is definitely not good at it. At this time, he began to use the method of "open market operation" to sell high-interest treasury bonds in the open market to absorb excess money in the financial market, causing a shortage of funds in the interbank lending market and forcing banks to The interim lending rate rises in tandem with the Federal Reserve's lending rate.

Because the Federal Reserve has the ability to intervene in market interest rates, and its repeated operations will form reasonable market expectations. At this time, as long as the Federal Reserve announces to raise its lending rate, the entire market will move upon hearing the news, and you don’t need to do anything It's done, I just take the initiative to follow the upward adjustment honestly.

Therefore, raising interest rates means tightening currency; cutting interest rates is preparing to stimulate currency circulation.

So this time Dudley came to the door and told Yang Cheng that they were going to raise interest rates. Why did they want Wall Street to set an example?

Because they have to pay off their debts, so why pay? Of course it is cash, where does the cash come from? Of course it's Wall Street. Who has the most cash in the hands of these vampires?

But Yang Cheng didn't take it seriously. He lived half his life and only saw the Federal Reserve wipe Wall Street's ass. When did he see Wall Street give charcoal in a timely manner? Don't dream, it's not bad if Wall Street didn't spread the money and wantonly shorted the real economy of the United States. Don't you hurry up and be grateful? Still want Wall Street to take money to save lives? There are no doors!

After figuring it out, Yang Cheng relaxed, as long as it didn't restrict him from making money, but he shouldn't be too harsh in his refusal. After all, the old man is about to retire, so he took the trouble to come here, so he still had to refuse in a tactful way. How could he be tactful? Cry poor!

"Mr. Dudley,

It’s not that I don’t want to help you, it’s that I don’t have any money. I managed to get some extra money this time, and all of it has to be used to pay off debts. Let’s see if I can have tens of millions left. At worst, I won’t buy my yacht. Deposit it in the bank and contribute to the Fed, you can't let outsiders poke my spine, right? "

Yang Cheng's righteous shamelessness has really refreshed Dudley's three views. It is the first time he has come into contact with Yang Cheng. He had heard about it before, but he didn't take it seriously. Now that he has seen it with his own eyes, he is really shameless. MMP, tens of millions? What about sending off beggars?

Didn't you see Richard Durbin next to him laughing hard? Obviously, this guy had expected Yang Cheng's attitude a long time ago. This is a little fox who is only paranoid about money. If he wants to take advantage of him, I'm afraid it can only be a daydream.

But Yang Cheng was proud of herself, "The Fed really treats itself like a persimmon."

It stands to reason that this matter should be approached by the old stock god, who has a lot of funds in his hand, but he didn't expect to find himself first, and bullying people is not so bullying.

The scene was a bit embarrassing, Dudley was stunned by Yang Cheng, and Richard Durbin couldn't hold back his laughter. As for Yang Cheng, he closed his eyes to rest his mind, and the scene was ridiculous.

In the end, Dudley didn't get the desired result with Yang Cheng after all, and left in disgrace. Richard Debin still had something to discuss with Yang Cheng, so he stayed temporarily. The two are now a community of interests, and they also Relaxed a lot.

"Jason, in fact, you should agree to Dudley this time." Richard Durbin began to make an afterthought.

Yang Cheng doesn't need other people's guidance. His family knows his own situation. If he has hundreds of billions, he doesn't mind throwing billions to the Fed. Not at all, and it is not a lie for him to say that there are tens of millions left.

"Don't try to persuade me Richard, I really have no money now, even if the money I expected to earn has already been spent before I get it, where can I use my spare money to help the Federal Reserve?" Yang Cheng was upset Shun complained.

Richard Debin smoked the top-quality cigar in Yang Cheng's office, puffed out the smoke and laughed, "Just pretend I didn't say it, but now I feel more and more right to choose you as a partner."

Yang Cheng shrugged, "I never doubted this from the beginning."

"You are really confident. Well, let's get down to business. I have already informed people in the party about your intention to acquire the bank. At present, the voices in the party are not united. Before we can unify the outside world, we must first conquer the party. It's a test." Debin said seriously, adjusting his sitting posture with a cigar in his hand.

Yang Cheng frowned, "What's the situation? I thought the Donkey Party would be happy with this."

"Jason, even if we belong to the donkey party, we have different ideas, so naturally we are not just one force."

Of course, Yang Cheng didn't understand the internal conflicts. What he didn't understand was that the donkey party was obviously trying to join his own side, so why would he get in trouble over such a small matter? There will be no less points, and without affecting the overall situation, Yang Cheng has no idea why the donkey party would refuse, even if the positions of several parties are different.

"Richard, you know that we are bound to win these banks. With the banking group as our support, my investment landscape will become stronger in the future, and you will also benefit from it. This is also the basis of our cooperation!" Yang Cheng added The accented emphasis sounded to Richard Durbin, but there was an underlying threat.

But he can't get angry and refute. He himself is a little upset about this matter. When he mentioned this matter to several bigwigs in the party, he thought that everyone would not care. He never expected that it would arouse so many voices of opposition. , He didn't tell Yang Cheng about this, which would make him appear incompetent as a partner.

"Jason, give me some more time, I believe I will resolve the disharmony within the party." Richard Debin was also ruthless, and he was at a disadvantage in front of his partners at the beginning, which made him very unhappy.

Yang Cheng didn't urge him, because he had another thing on his mind, "Dudley will retire soon, right? I don't know who will succeed him?"

The chairman of the New York Fed is one of the eight elders of the Federal Reserve. According to the order of establishment, he is second only to the Boston Fed. The internal code is 2B! That's right, it's not a joke, it's 2B!

Qualifications exist all over the world, and New York is the world's financial center. It is conceivable to sit on the high position of the chairman of the New York Federal Reserve. Dudley has worked in this position for 10 years and has jurisdiction over hundreds of companies in the New York area. It is not an exaggeration to describe a commercial bank as powerful. In the future, the headquarters of the Yang family's private bank will inevitably be located in New York, and the position of chairman of the Federal Reserve will be closely related to it. It is reasonable to care about it now.

Richard Durbin was stunned for a moment, he really didn't know about this matter, and said truthfully, "I don't know, nine of the 12 chairmen and directors of the Federal Reserve Bank are elected by members, and the other three are directly elected by the management committee. Appointment, such an important position as the chairman of the New York Fed, is generally recommended by the previous term, directly appointed by the management committee, and will not give outsiders the opportunity to intervene."

Yang Cheng did not give up, "There is no chance of getting involved at all? I think the person in this position should preferably be a friend who has a good relationship with us, and is willing to stand on our side on some issues that do not involve principles. Our plan still has a lot of help, don't you think, Richard"

Richard Durbin is a good ZZ player, how to push his own people to the desired position, but he is good at it, slowly falling into contemplation, the sky outside is gloomy, and the low air pressure that makes people feel uncomfortable Now, the smoke of the cigar enveloped him, making him hazy and mysterious. At this time, Richard Durbin felt like the big boss who was manipulating everything behind the scenes in the movie.