Good morning … ALL views are created equally and we KNOW some are more equal than others and SO … Bloomberg: Powell Signals Rate-Cut Delay After Run of Inflation Surprises Fed chair said appropriate to give policy further time to work Central bank can keep rates steady for ‘as long as needed’
Anyone else notice Powell doesn't mention VOLKER near as often lately? I generally like Powell and am rooting for him, which makes this latest flip-flop-flip most unfortunate. Have learned there's lots behind the scenes going on for the important & powerful that we're ignorant of, I don't envy Powell's pressure from the likes of Brandon, Bernie, Warren, MIC, EU/NATO/Israel/OPEC+ etc.
Anyone else notice Powell doesn't mention VOLKER near as often lately? I generally like Powell and am rooting for him, which makes this latest flip-flop-flip most unfortunate. Have learned there's lots behind the scenes going on for the important & powerful that we're ignorant of, I don't envy Powell's pressure from the likes of Brandon, Bernie, Warren, MIC, EU/NATO/Israel/OPEC+ etc.
On the FoodFlation topic, told the cashier last wk that I like Cheap Food & never imagined eating Swansons TV dinners again....