He's smarter than that. He had to play along with "inflation is transitory" and "soft landings" because they were looking for ways to boot him. If you go back and look, he was promising them he wouldn't raised rates while they delayed his reconfirmation for a year. Days after he was reconfirmed, he raised rates.
I'm not even sure WH have to exert much control. Powell's lineage goes all the way back to the 13 colonies, plus he's not a MMT activist like Bernanke and Yellen were.
He's smarter than that. He had to play along with "inflation is transitory" and "soft landings" because they were looking for ways to boot him. If you go back and look, he was promising them he wouldn't raised rates while they delayed his reconfirmation for a year. Days after he was reconfirmed, he raised rates.
I'm not even sure WH have to exert much control. Powell's lineage goes all the way back to the 13 colonies, plus he's not a MMT activist like Bernanke and Yellen were.
He does a good job of “playing dumb”. Must be a skilled actor to survive in the Swamp with shifting puppet masters?