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In Reply to: Curious posted by E-Stat on June 23, 2022 at 13:42:44:
He's an investment banker, the anti-Volcker, interested only in re-inflating asset prices. His Fed has done too little, too late. Many consider him the worst Fed leader ever, even worse than Greenspan. Under pressure from Maralago Mussolini, Powell caved and reversed course on quantitative tightening. The source I trust is Wikipedia.
"Horse sense is the thing a horse has which keeps it from betting on people. "
― W.C. Fields
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Follow Ups
- You do realize that Powell's not an economist? - Jay Buridan 06/23/2214:19:15 06/23/22 (8)
- Still waiting for an answer - E-Stat 14:47:27 06/23/22 (7)
- Do you think that inflation started the day after Biden's inauguration? - Jay Buridan 19:10:15 06/23/22 (6)
- Was when hiring exploded, people ventured out, pockets full and businesses reopened. Nt - jdaniel@jps.net 13:50:44 06/24/22 (2)
- That assertion is NOT supported by fact - E-Stat 14:53:31 06/24/22 (1)
- Huh??? Lagging indicators anyone? Get a grip! nt - jdaniel@jps.net 18:16:39 06/24/22 (0)
- What EVERYONE observes - E-Stat 05:52:17 06/24/22 (2)
- Apparently, you don't know how to interpret a graph - Jay Buridan 13:20:07 06/24/22 (1)
- When all else fails... - E-Stat 13:39:37 06/24/22 (0)