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Jay Powell Figures It Out, Reiterates Flexible Policy, Draws 2016 Yellen Parallel, Says Trump Can’t Make Him Resign

That's better, Jay. A lot better.

That's better, Jay. A lot better.
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4 comments on “Jay Powell Figures It Out, Reiterates Flexible Policy, Draws 2016 Yellen Parallel, Says Trump Can’t Make Him Resign

  1. Superman vs Kryptonite…………….could be likened to …………….Huge consumer economy wallowing in unsustainable debt load vs interest rate levels above the rate of inflation…. Answer in multiple choice format… Make sure Fed has third mandate to regulate stock markets by any means available properly understood. Best example ….Today.

  2. How much of what he said today was new? He’s still following the data. He says he won’t hesistate to tinker with balance sheet runoff IF he thinks it is appropriate. But he doesn’t think it is appropriate. And he doesn’t think it’s contributing to market action. And the dot plot already had market factoring in a pause a la 2016.

    All I saw that was new was his statement that the market is getting ahead of the data and psyching itself out. Am I missing something? Was it because he said it while Yellen and Bernanke were watching him?

    • It is not a coincidence that every time the Market approaches the brink of disaster the system trots out the Fed Governors and in concert with the Administration and some times even their Chinese equivalents delivers some off the shelf Positive news… All governments have this common primary instinct ….(To stay in Power) preferably by the easiest means available. This behavior takes the edge off markets temporarily and disguises the realities.

  3. Anonymous

    Powell should practice Draghi imitations in the mirror, Italian accent and all. I would show you what I mean but I guess I better practice first. “Whatever it takes.”

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