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sad but true. The only thing that Jpow cares about is the markets. In his defence the economy is made of people and crashing the market/causing recession is goi
by ShivShankaran 5y ago
sad but true. The only thing that Jpow cares about is the markets. In his defence the economy is made of people and crashing the market/causing recession is going to cause more grief to the public that is already overwhelmed with covid.
- adam_arthur 5y agoYeah, but it's a kicking the can down the road kind of situation. The mistake of acting too late has already been made. Pushing asset prices higher and higher beyond what a neutral interest rate would support just sets up bigger declines in the future. At least a lot of the froth in the higher multiple stocks has been cooled off at this point.