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Goldman Says You People Are Reading Powell’s Jackson Hole Speech All Wrong

"No. We disagree."

"No. We disagree."
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1 comment on “Goldman Says You People Are Reading Powell’s Jackson Hole Speech All Wrong

  1. I thought this bit was particularly hawkish: “Whatever the cause, in the run-up to the past two recessions, destabilizing excesses appeared mainly in financial markets rather than in inflation. Thus, risk management suggests looking beyond inflation for signs of excesses.” It has seemed to me for a while that Powell thinks policy has been way to loose for way too long, and this comment definitely confirmed, to me, that he is very worried about a market bubble.

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