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Reply to "Jay Powell is a better fed chair than bernanke or yellen. "
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[quote=Anonymous][quote=Anonymous]Why does he seem so determined to cause a recession? And why did he keep rates so low for Trump? [twitter]https://twitter.com/pdacosta/status/1695075240064266356?s=46&t=kf1qYlCXQnKgUhJWEIu2vg[/twitter][/quote] Umm.... inflation under Trump was something like 1.4%. Powells comments today: “We are attentive to signs that the economy may not be cooling as expected,” Powell said. “We are prepared to raise rates further if appropriate and intend to hold policy at a restrictive level until we are confident that inflation is moving sustainably down toward our objective.” “Although inflation has moved down from its peak — a welcome development — it remains too high.”[/quote]
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