Jerome Powell Can’t Find Duration Bubble He Saw Eight Years Ago
As regular readers are aware, I’m generally loath to devote too much energy to lampooning or otherwise deriding technocrats. AndContinue Reading
Category: jerome powell
Jerome Powell Relearns A Lesson He Taught In 2012: ‘It Will Never Be Enough For The Market’
Jerome Powell described the Fed’s new, outcome-based forward guidance as “strong and powerful” on Wednesday, during his virtual Q&A withContinue Reading
One Year Later, Fed Formally Adopts Alexandria Ocasio-Cortez Approach To Employment
“I’ve been seeing lately that economists are increasingly worried that the idea of [the] Phillips curve that links unemployment andContinue Reading
Jerome Powell’s Big Reveal: ‘Flexible Average Inflation Targeting’ Is Here
As expected, Jerome Powell used his address to this year’s virtual Jackson Hole symposium to set the stage for aContinue Reading
‘There Won’t Be Any Jobs For Them’: Powell Prods Congress, Warns On Post-Pandemic Economy
“As long as it takes”, Jerome Powell said Wednesday, describing the Fed’s commitment to deploying every tool at its disposalContinue Reading
Jerome Powell Is Very Worried About ‘Widening Gaps In Economic Well-Being’
“The burden of the downturn has not fallen equally on all Americans.”
As Powell Cures Markets, Mnuchin Demands More Stimulus While Virus Eyes Comeback
“This was a natural disaster. We gotta get them back to work”.
Jay Powell Skeptical Of Full Recovery Without Vaccine. Says ‘No Limit’ To What Fed Can Do Under Lending Powers.
“There is… no limit to what we can do with these lending programs”.
Jerome Powell: The US Economy Is Drowning. Congress Needs To Spend More Or Risk Permanent Damage
“This reversal of economic fortune has caused a level of pain that is hard to capture in words.”
Did The Bell Just Ring On The Bear Market Rally?
“…the hows and whys and ifs of what was once a crackpot leftfield are now out there actually being discussed.”
Fed Says Virus Causing ‘Tremendous’ Human, Economic Suffering. Punts On IOER
“…sharp declines in economic activity and a surge in job losses.”
Back To The Glass-Half-Full Or -Empty Arguments
There’s plenty to be concerned about. Or excited about, depending…
Jerome Powell To NBC: ‘We’re Not Going To Run Out Of Ammunition. That Doesn’t Happen.’
“Essentially, the answer to your question is ‘no'”.
Jerome Powell Positively IDed As Man Who Went Out To Dinner
Is this you, or isn’t it?
