6 May 2023 6:57 pm
The fed has been timid for years. Yellin was so bad senile Biden made her Sec. of the Treasury. We now have Powell who claims banks are OK. JP Morgan took in deposits from First Republic as FR was failing. They then took these deposits and bought FR at a fire sale price. Powell and Yellin printed the money. Powell is no Volker. Powell needs to boost rates higher than the rate of inflation. Senile Biden boasts that everyone is working so any jobs lost will be absorbed by new jobs. Keep raising the rates and kill the inflation.