Jay Powell is such a clown:
". . . it makes sense to moderate the pace of our rate increases as we
approach the level of restraint that will be sufficient to bring
inflation down,” he added. “The time for moderating the pace of rate
increases may come as soon as the December meeting.”
Making sure his pals profit under the umbrella of inflationary pressures is worse than insider trading, because we all pay.
We're the marks!
I haven't been this disappointed in a federal official since Donald Trump betrayed his immigration promises in 2017-2018.
And how did stocks respond?
