The Fed’s Jay Powell Gets It Right — One Time in a Row
In today’s press conference the central bank chief is talking very sensibly, and seems to have the story right on tariffs and inflation.
The Fed chairman, Jerome Powell, gets it right — one time in a row.
With all due respect to Mr. Powell, I have been among his toughest critics over the past four years — as the Fed got the inflation story completely wrong — when they were pouring in the money supply and essentially buying President Biden’s $5 trillion increase in federal spending and deficits and debt.
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