Like, people didn't expect a recession when the fed was taking a recessive measures to control high levels of inflation? I've never been a fan of powell but I would argue that at this point in time the measures he is taking to control inflation seem reasonable. It's straight out of the playbook. Now, whether this actually is the right course of action is something only actually "known" to better economists than myself (I am in no way, shape or form an economist) or powell. the rest of you can have fun cherrypicking the one that will echo back your dumb opinions. And we will actually know whether this was the right move a few years down the line after this bit of history has been revised 40 times by your favorite cherrypicked economist.
cohibakick t1_j1ztbqb wrote
Reply to The best part in movies is when the actor casually walks away from something they just blew up by Technical_Staff6949
Like, people didn't expect a recession when the fed was taking a recessive measures to control high levels of inflation? I've never been a fan of powell but I would argue that at this point in time the measures he is taking to control inflation seem reasonable. It's straight out of the playbook. Now, whether this actually is the right course of action is something only actually "known" to better economists than myself (I am in no way, shape or form an economist) or powell. the rest of you can have fun cherrypicking the one that will echo back your dumb opinions. And we will actually know whether this was the right move a few years down the line after this bit of history has been revised 40 times by your favorite cherrypicked economist.