Strange reply.
by EricCartman (2024-02-27 12:01:24)

In reply to: Who was first nominated by Trump *  posted by sprack


Biden could have dumped Powell, and Biden should have dumped Powell after Powell let Trump bully him around.

Don't worry, when Powell was renominated Biden had full confidence that Powell would keep inflation under control. Ya know, until Powell lost control of inflation and CPI exploded.

“I’m confident that Chair Powell and Dr. Brainard’s focus on keeping inflation low, prices stable, and delivering full employment will make our economy stronger than ever before. Together, they also share my deep belief that urgent action is needed to address the economic risks posed by climate change, and stay ahead of emerging risks in our financial system,” Biden said.

In July of 2020 Powell famously said "We’re Not Even Thinking About Thinking About Raising Rates" last year, Powell said that the Fed is "not thinking about rate cuts right now at all". Powell has been behind the curve at every step of his tenure. He deserves to get the boot, and should have gotten the boot in 2021.




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