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Don't you think you might be viewing this through an excessively partisan lens? Before Jerome Powell was the Fed Chair, he was a 5 year veteran of the Fed Boar
by bertjk 6y ago
Don't you think you might be viewing this through an excessively partisan lens? Before Jerome Powell was the Fed Chair, he was a 5 year veteran of the Fed Board of Governors, having been nominated by Barack Obama. His appointment was approved in votes that included the vast majority of Democrats.
Are his dovish views all that different from his predecessors, Janet Yellen or "Helicopter Ben" Bernanke?
You seem to be insinuating that he is an undeserving lackey, something like a Betsy DeVos. But I just don't see the evidence for that.
- neffy 6y agoPossibly, but let me put that another way. Something like this has never happened to a systemically import currency before in the history of reserve currencies of the world - the US dollar since Bretton Woods, Sterling roughly the hundred years before that. The quality essentially required of a reserve currency being that it doesn't do this. Definitely popcorn time - also don't own long date low interest rate bonds time. Which would be most of them. Oops.