2min chapter

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Powell Wants You to Lose Your Job (EP.276)

Animal Spirits Podcast

CHAPTER

We Care About Employment and Prices, Not the Stock Market

I don't envy the situation that they're in. What if j pow said, you know it ok, listen, things are deteriorating faster than we thought. And guess what? We care about employment an prices, not the stock market. How many mortgages could they be their loan department, they have to have like tumbleweeds going through it at this point. This is really tough. Here's one thing that i'm hopen to change my mind on. As interest rates were arising, hade been rising, memor didn't ben miller from fund rice say, like seven % would be, what was his line in the sand? I think it mit san memory. Did he say

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