/biz/ - Business & Finance

>>19262357
If Jerome is a bird, then he is a burning Phoenix of Truth
the dove/hawk dichotomy is for lesser controllers of monetary policy
Jerome has flown higher and shone brighter than all of them

>>17793431
that's not a bad way of stating it
except my n-word Jerome
the shining star of competency and maturity in the entire US economy
100% serious

>>16881954
Trump spent a lot of time in 2019 whining on twitter that /ourguy/ Jerome Powell wouldn't massively cut the fed funds target rate. Trump wanted him to do this so that the equity market would pump, and so that the dollar would devalue (or hold value) vs the Yuan, making chink good more expensive for Americans and American goods cheaper for everyone else. The idea is that we would (in theory) put more pressure on the Chinese.

The Federal Reserve Chairman Powell did not fall for any of the President's complaining or threats. He faithfully executed monetary policy in line with the Federal Reserve mandate. Basically Powell is a moneychad. Really, he is THE moneychad, the true arbiter of valuation in this solar system. Hope it makes sense.