about Jerome Powell’s nomination for a second term as head of the Federal Reserve is that the alternative choice, Lael Brainard, was worse. This episode ofBrainard is even softer on inflation than Powell is. She also wants the Fed to pressure banks to pressure their clients to pursue Green New Deal policies.
But Powell bears responsibility for part of today’s inflation. And he’s employing a dangerous gimmick to try to avoid the consequences of his massive money printing this year that won’t have a happy ending. Moreover, Powell doesn’t know how to fight monetary inflation without slowing the economy. Nor does he appreciate the crucial importance of a stable dollar.
Source: Financial Digest (financialdigest.net)
Woolworth and Coles have been jacking up their prices all ready. I notice Aldi has not so much. And I noticed fuel just below $2.00 a litre today. Things in Australia are not looking good. The Morrison LNP have completely failed us.
minimum wage should correlate
this is terrible news
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Jerome Powell tapped for second term as Fed chairFederal Reserve Chair Jerome Powell was nominated for a second four-year term by President Joe Biden on Monday, extending a tenure that began somewhat by chance, survived blistering criticism from former President Donald Trump, and now positions the ex-investment banker to finish the most consequential revamp of monetary policy since the 1970s. Of course all corrupt seniors take care of each other OphirGottlieb Well, this is a mistake but not surprised. Biden got this one right. Money printer go brrrrr
Source: Reuters - 🏆 2. / 97 Read more »
Joe Biden To Nominate Jerome Powell For New Term As Fed ChairPresident Joe Biden will nominate Jerome Powell for a new term as chairman of the Federal Reserve. Biden also will nominate Lael Brainard as vice chair. “While there’s still more to be done, … $tsla I just read this guy was a crook. What are we doing? TimInHonolulu
Source: DEADLINE - 🏆 109. / 63 Read more »
Biden to keep Powell as Fed chair, Brainard gets vice chairWASHINGTON (AP) — President Joe Biden announced Monday that he's nominating Jerome Powell for a second four-year term as Federal Reserve chair, endorsing Powell's stewardship of the economy through a brutal pandemic recession in which the Fed's ultra-low rate policies helped bolster confidence and revitalize the job market. oh no the bot farm is awake of course, incompetence is always rewarded in the government Wonder how much Brandon made on this
Source: AP - 🏆 728. / 51 Read more »
Jerome Powell Nomination for Second Fed Term Draws Bipartisan SupportThe top-ranking Republican on the Senate Banking Committee and several GOP colleagues backed President Biden’s planned nomination of Jerome Powell for a second term as Federal Reserve chairman, paving the way for his confirmation despite some opposition The American public needs to make sure they vote against every Senator who votes in favor of Powell's renomination. Reuters AP CNN, BBC, AJEnglish, times washingtonpost chose not to cover this massive crowd of Eritreans & Ethiopians peaceful demonstration at white house today NoMore MSM is BIASED and for Neocolonialism EthiopiaPrevails HandsoffEthiopia He’s done a great job, so, I don’t know why this comes as a shock, although I did chuckle at Bill Hagerty, republican whining about spending to help those in need but always happy to sign on to a tax cut for his fellow millionaires!
Source: WSJ - 🏆 98. / 63 Read more »
Biden nominates Jerome Powell to lead Fed for second termUS President Biden nominates Jerome Powell to lead Fed for the second term despite criticism on low interest rates against record-high inflation
Source: trtworld - 🏆 101. / 63 Read more »
Here’s what Jerome Powell’s second term as Fed chair means to youThe announcement means the central bank will likely stick with its post-pandemic policy on interest rates as inflation rises. good luck Y’all if ya want to report some real news look into what Coinbase is been doing for 4 days have millions of customer accounts locked and not giving updates
Source: CNBC - 🏆 12. / 72 Read more »