The Fed Is the Worse of Two Evils

i think we've seen j powell really understand an very plain spoken way, say, listen, all we have are crud tools. All we can do is hammer demand to bring it in line with a chronically under supplied world. It's not great, but if we don't do it now, the consequences will be much greater later on. And this is why we have an independent central bank. In riter's seen it, i've seen it, this central bank has taken a lot of incoming over the last five to six years and handled it wth extraordinary grace.