I know Jay Powell and respect him.
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I know Jay Powell and respect him. Even when we disagree on policy, he (a) understands that his voice has the power to move markets and (b) zealously defends the independence of the Fed. He is not a person who would make a statement like this lightly. Will say more shortly. https://www.federalreserve.gov/newsevents/speech/powell20260111a.htm
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I know Jay Powell and respect him. Even when we disagree on policy, he (a) understands that his voice has the power to move markets and (b) zealously defends the independence of the Fed. He is not a person who would make a statement like this lightly. Will say more shortly. https://www.federalreserve.gov/newsevents/speech/powell20260111a.htm
we are clearly no longer a democracy. what now?
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I know Jay Powell and respect him. Even when we disagree on policy, he (a) understands that his voice has the power to move markets and (b) zealously defends the independence of the Fed. He is not a person who would make a statement like this lightly. Will say more shortly. https://www.federalreserve.gov/newsevents/speech/powell20260111a.htm
I wonder if he has some evidence of their attempts to coerce him? (Even if he doesn't it's been transparent, but I'm thinking about the many corruption trials that will be needed. This is one more for the pile and a text message saying "Listen Jay this could all go away if you played ball" would be nice for efficiency.)
