The transitory narrative came from Yelen. Powell had to play politics to get reconfirmed.
If you dive deep into what Powell has done, he's put us back on track towards an actual free and fair market. The issue now is congress playing ball and curbing spending.
Trump picked Powell for a reason, and the swamp tried to not reconfirm him. They wanted Brainard, and couldnt make it happen. And, if lineage means anything, Powell is decended from patriots of the original 13 colonies.
I am more on this team than any other. Our interest rates for far too long have been far too low to sufficiently support the USD with foreign investment. We've been the cleanest dirty shirt, so we got away with it, but that game is over now.
As much as nobody likes it, I think these interest rates are here to stay, and in the long run they will be good for us.
“We saw what we thought was that this inflation, which seemed to be mostly limited to the goods sector and to the supply chain story. We thought that the economy was so dynamic that it would fix itself fairly quickly. And we thought that inflation would go away fairly quickly without an intervention by us,” Powell said. “That it would be transitory.”
Of course they aren't stupid, they're malicious. The question is "why are they now giving up on the gaslighting?"
Excellent question. Maybe he was just running his mouth so the markets didn't cook his bacon?
The transitory narrative came from Yelen. Powell had to play politics to get reconfirmed.
If you dive deep into what Powell has done, he's put us back on track towards an actual free and fair market. The issue now is congress playing ball and curbing spending.
Trump picked Powell for a reason, and the swamp tried to not reconfirm him. They wanted Brainard, and couldnt make it happen. And, if lineage means anything, Powell is decended from patriots of the original 13 colonies.
I am more on this team than any other. Our interest rates for far too long have been far too low to sufficiently support the USD with foreign investment. We've been the cleanest dirty shirt, so we got away with it, but that game is over now.
As much as nobody likes it, I think these interest rates are here to stay, and in the long run they will be good for us.
I think you're on to something here.
No no, theyre not stupid. But they think YOU are.
Well they're are gonna FAF. They've pushed us to the precipice. Blowback is a b*tch.
No, just liars at heart.
More gaslighting from the swamp.
“We saw what we thought was that this inflation, which seemed to be mostly limited to the goods sector and to the supply chain story. We thought that the economy was so dynamic that it would fix itself fairly quickly. And we thought that inflation would go away fairly quickly without an intervention by us,” Powell said. “That it would be transitory.”
Bullsh*t....they totally knew.