
Sycophants And Party Stories
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I have long argued that Trump didn’t realize what he was doing when he appointed Jay Powell to lead the Federal Reserve. Trump was not aware of Powell’s belief that the cost of a bursting of a financial asset bubble far outweighed its benefits and that the proper course of action was to never let one be inflated in the first place. Well, I should say that used to be Powell’s belief because Trump beat that out of him.
Powell no longer want