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Jerome Powell was on Marketplace (the public radio show) and discussed this with Kai Ryssdal. It's worth a listen if you'd like to get a layman's idea of what's
by KennyBlanken 4y ago
Jerome Powell was on Marketplace (the public radio show) and discussed this with Kai Ryssdal. It's worth a listen if you'd like to get a layman's idea of what's going on, how Powell is trying to act, and why...direct from the horse's mouth. My impression from listening to it about two weks ago was that Powell thinks a strong labor market is just fine, but things are accelerating far too fast and that's not sustainable. I could be wrong; again, it's been two weeks.
https://www.marketplace.org/shows/marketplace/exclusive-jerome-powell-on-inflation-soft-landings-and-the-federal-reserve https://www.marketplace.org/shows/marketplace/exclusive-jero...
Multipolarista is the new one-man show of Benjamin Norton, who used to be an editor of Grayzone until barely a few months ago. Grayzone was essentially a mouthpiece for Kremlin and CCP talking points and conspiracies, and has apologized for China's ethnic cleansing: https://en.wikipedia.org/wiki/The_Grayzone https://en.wikipedia.org/wiki/The_Grayzone
It is left as an exercise to the reader why he would leave Grayzone right as economic sanctions kicked in against Russia.
If you want actual informative takes on the situation, I suggest reputable outlets with journalistic standards and editorial review. The Economist, the NY Times, the WaPo, etc...and a friendly reminder that there is a difference between reporting, analysis, and opinion - even on the same site. I found pieces in the Economist both for and against rate hikes, for example.
Accessing these outlets, even if they're paywalled, is likely easy even digitally, from your public library.