Very interesting analysis. I miss the good old days when the members of the Federal Reserve were totally apolitical and just did their jobs quietly, without any active interference from the president.
Thanks for the commentary. I appreciate your subtle messaging with the FRB note, and it's also an interesting object.
I wonder how much 'mileage' Powell's statement will get over time. ('When you're driving in fog, you slow down.") Seems very friendly for a society that doesn't want to put much effort into communicating. For a likely impromptu remark, it distills the situation nicely.
Very interesting analysis. I miss the good old days when the members of the Federal Reserve were totally apolitical and just did their jobs quietly, without any active interference from the president.
Ah, Camelot.
Thanks for the commentary. I appreciate your subtle messaging with the FRB note, and it's also an interesting object.
I wonder how much 'mileage' Powell's statement will get over time. ('When you're driving in fog, you slow down.") Seems very friendly for a society that doesn't want to put much effort into communicating. For a likely impromptu remark, it distills the situation nicely.