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I'm not commenting on your choice of who to vote for, but just pointing out that Jerome Powell, the current chair of the fed, was appointed by Donald Trump. It'
by vineyardlabs 2y ago
I'm not commenting on your choice of who to vote for, but just pointing out that Jerome Powell, the current chair of the fed, was appointed by Donald Trump. It's not clear that he would even push for changes at the Fed in terms of leadership or policy if he wins, I don't think he's discussed it.
The Fed's actions are undeniably painful, but they're also probably necessary to avoid even more pain caused by the last decade of reckless Fed policy and overspending during the Covid recovery.