“Insurance of various different kinds—housing #insurance, but also automobile insurance, and things like that—that’s been a significant source of #inflation over the last few years”
After 2yrs of relentless pressure over everything from sky-high #inflation to a looming #recession, the head of the #FederalReserve was asked this month what he does for fun.
“For me, a big, big party — & I mean, this is really as fun as it gets — is a really good inflation report,” #JeromePowell said…. He flashed a smile & laughed.
For an ofcl who typically sticks to a tight script, the quip was downright jubilant. But it also reflected a subtle mood shift from the #CentralBank …
Jährliches Notenbanker-Treffen: Alle Augen auf Jackson Hole
Von heute an treffen sich die wichtigsten Notenbanker der Welt in Jackson Hole in den USA. Börsianer hoffen auf neue Hinweise zum Kurs der Währungshüter: Hat die Zinsrally ihren Höhepunkt erreicht? Von C.Röse.
@FAIR#Biden should fire #JeromePowell and hire a more progressive chair of the #FederalReserve . Instead of unnecessary rate hikes that put the most vulnerable at risk we should be using anti trust laws to break up monopolies and cartels. In many cases it is the lack of price competition that allows #inflation to be so high.
Biden can be a transformational president if we can get him enough support. It's time to bury Reaganomics forever.
If you want an economy and policy that works for the people of this country, and this counts for those way up top because it eventually gets to them, too, vote wisely.