Submitted by Always_Late_Lately t3_10q6vrb in wallstreetbets
Comments
hunkofsoup t1_j6o7nzh wrote
On all seriousness, Jerome Powell admits fault that he went in too late. Now, Americans suffer because of this mistake. Good job
Always_Late_Lately OP t1_j6o8cy5 wrote
Ehhhh there's a lot more to inflation than just the federal funds rate. Massive printing by the treasury, for one. Endless uncovered govt spending, for two. Dropping huge stimulus to demand during covid while shutting down supply and imports, for 3. And now global supply chains are still a mess and that 'just in time' fetish suppliers had is showing it's fragility to any wrench being thrown in the gears at any point.
timothymoss84 t1_j6oei2p wrote
That's how the powerful people stay in power
Always_Late_Lately OP t1_j6of85u wrote
Pretty sure that's how most people present things - take credit for the good results and shift blame for the bad.
BullitshAndDyslecxi t1_j6oh00t wrote
Are you trying to imply it IS my fault when I YOLO stuff?
Always_Late_Lately OP t1_j6ohf9v wrote
When you lose? No. As above, entirely due to factors outside your control and Kenneth Griffin definitely had a hand in screwing you personally.
But when you win big? Yes.
Other-Method7995 t1_j6oi6as wrote
That’s the same thing I was thinking a few months ago. Fed will probably pat themselves on the back.
smasharoo t1_j6p14vj wrote
Imagine navigating the most impressive central bank maneuver in memory and getting roasted online for taking too long. When I'm Fed Chair you regards are gonna fry.
Always_Late_Lately OP t1_j6pdmbg wrote
imagine simping for the federal reserve
VisualMod t1_j6o634b wrote
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