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Old Yesterday, 08:48 PM
7,570 posts, read 2,311,672 times
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A nice profile, even if not headline news.

How Jay Powell Is Positioning the Fed in a Fraught Era
By Jeanna Smialek

He's an avid cyclist who eats well (Greek yogurt with granola and blueberries for breakfast), wakes up early (5:15 a.m.), and unwinds with spy novels (John le Carr is one favorite). He has been known to fret over the national debt. Everything about him, from the simple language he uses at news conferences to his demeanor on Capitol Hill, conveys that he is relatable, ordinary and decidedly undramatic.Yet he plays a leading role in the soap opera that is President Trump's Washington.


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Old Yesterday, 11:38 PM
Location: SoCal
15,948 posts, read 7,582,275 times
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Maybe this thread should be moved to the Politics section.
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Old Today, 05:19 PM
2,050 posts, read 519,861 times
Reputation: 3143
The only interests Powell is looking to protect are the interests of central banks - meaning more debt creation. That is all they know and how they gain more control. More balance sheet expansion means the already over-leveraged system relies even more on CBs to keep it all propped up. Fed chairs are either completely clueless or puppeteers trying to trap the lemmings into a corner for their (CB institutional) own power and control.


Bernanke in 2007-2008 - Subprime is nothing to worry about and the housing market is completely fine.

Yellen recently - No more economic calamities in our lifetimes.

Powell will prove to be the same and I expect to be able to add some of his "gems" to this list soon.....
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