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Why is this warranted yet? This is a terrible that will only signal that the fed is panicking and nothing else. There are no indications that the supply chain i
by yalogin 7y ago
Why is this warranted yet? This is a terrible that will only signal that the fed is panicking and nothing else. There are no indications that the supply chain is disrupted or that the economy is sputtering. It will happen at some point in the next few weeks with or without the infusion and rate cuts now. These things are much better done when warranted rather than now. As of now it’s only a humanitarian crisis and only thing that will help is effective communication to contain the pandemic. These infusions now will soon be forgotten by the next bad news and the effect will not persist.
- michaelyoshika 7y agoEarlier this weekend Trump said he could have fired Powell but choose not too. Imagine you were Powell, what would you do?
- chance_state 7y agoWhat you felt was right, rather than self-preserving, perhaps?
- deleted 7y ago[deleted]
- peteradio 7y agoSomehow I doubt Powell is living paycheck to paycheck. Professionals shouldn't cave under pressure that's why they make the big bucks. This is only a rebuttal to the "what would you do?" I have no idea whether or not he was pressured or if this is a good or bad move.