I know Jay Powell and respect him.
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I know Jay Powell and respect him. Even when we disagree on policy, he (a) understands that his voice has the power to move markets and (b) zealously defends the independence of the Fed. He is not a person who would make a statement like this lightly. Will say more shortly. https://www.federalreserve.gov/newsevents/speech/powell20260111a.htm
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I know Jay Powell and respect him. Even when we disagree on policy, he (a) understands that his voice has the power to move markets and (b) zealously defends the independence of the Fed. He is not a person who would make a statement like this lightly. Will say more shortly. https://www.federalreserve.gov/newsevents/speech/powell20260111a.htm
we are clearly no longer a democracy. what now?
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I know Jay Powell and respect him. Even when we disagree on policy, he (a) understands that his voice has the power to move markets and (b) zealously defends the independence of the Fed. He is not a person who would make a statement like this lightly. Will say more shortly. https://www.federalreserve.gov/newsevents/speech/powell20260111a.htm
@SeanCasten since the country is on the brink of complete tyrannical takeover could you maybe use some language stronger than a high school debate camper?
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I know Jay Powell and respect him. Even when we disagree on policy, he (a) understands that his voice has the power to move markets and (b) zealously defends the independence of the Fed. He is not a person who would make a statement like this lightly. Will say more shortly. https://www.federalreserve.gov/newsevents/speech/powell20260111a.htm
I wonder if he has some evidence of their attempts to coerce him? (Even if he doesn't it's been transparent, but I'm thinking about the many corruption trials that will be needed. This is one more for the pile and a text message saying "Listen Jay this could all go away if you played ball" would be nice for efficiency.)
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I know Jay Powell and respect him. Even when we disagree on policy, he (a) understands that his voice has the power to move markets and (b) zealously defends the independence of the Fed. He is not a person who would make a statement like this lightly. Will say more shortly. https://www.federalreserve.gov/newsevents/speech/powell20260111a.htm
The Party of Free Markets sure likes to manipulate markets.
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I wonder if he has some evidence of their attempts to coerce him? (Even if he doesn't it's been transparent, but I'm thinking about the many corruption trials that will be needed. This is one more for the pile and a text message saying "Listen Jay this could all go away if you played ball" would be nice for efficiency.)
Except that it won't, this is going to be the largest blanket pardon for all crimes ever issued. Call it December 2026, the governments will be hollowed out, pardoned and trump will manipulate as hard as he can for as long as he can.
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I know Jay Powell and respect him. Even when we disagree on policy, he (a) understands that his voice has the power to move markets and (b) zealously defends the independence of the Fed. He is not a person who would make a statement like this lightly. Will say more shortly. https://www.federalreserve.gov/newsevents/speech/powell20260111a.htm
@SeanCasten here's the pdf transcript of #JayPowell's #federalReserve speech
"This is about whether the Fed will be able to continue to set interest rates based on
evidence and economic conditions — or whether instead monetary policy will be directed by political pressure or intimidation."https://www.federalreserve.gov/newsevents/speech/files/powell20260111a.pdf
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