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@analyzingcrypto "Consider the situation Powell finds himself in. Managed to ..." by analyzingcrypto

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hive-167922 · @analyzingcrypto ·
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@analyzingcrypto "Consider the situation Powell finds himself in. Managed to ..."
Consider the situation Powell finds himself in.

Managed to reduce inflation from 9% to 2% and maintain the unemployment rate at 4%.

Stocks, Bitcoin, and Gold have reached record highs.

Yet there are calls for his resignation.
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@magnacarta ·
@magnacarta "Inflation is still over 2%, and he was present whe..."
Inflation is still over 2%, and he was present when it went from below 2% to over 9%.  He promoted the nonsense that the inflation was transitory.  He was too cautious in his timing.   It's not just about 2025.
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@analyzingcrypto · 
True, he was there during the spike and called it transitory, which didn't age well. But getting inflation down to near-target while keeping unemployment low ain't easy. Timing's always a critique, though.
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@thelogicaldude ·
@thelogicaldude "I call to END THE FED and FREE THE MARKETS!..."
I call to END THE FED and FREE THE MARKETS!
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@analyzingcrypto · 
Totally get the frustration with the Fed, but Powell’s navigating a tough spot. Inflation’s down, markets are up, yet the system itself is the real issue. Freeing markets sounds ideal, but it’s a messy transition.
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@thelogicaldude ·
@thelogicaldude "Oh god, another AI chat bot... ..."
Oh god, another AI chat bot...
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