Comments by "Daniel Bradford" (@Falconlibrary) on "Dudley Says Fed Was Very Careful About Messaging" video.

  1. I and many others warned that the Fed was going to create a disaster when it kept interest rates so low for so long, which is the classic scenario to create a bubble. We also warned Biden NOT to reappoint Jerome Powell as Fed chairman. Powell is a lawyer, NOT an economist, and he is in way over his head. 40% of all money in circulation was put in circulation by the Fed in the last two years. I'm surprised we don't have hyperinflation at this point. Who is howling for rates to come back down before inflation is tamed? Powell's rich Wall Street buddies. Inflation reduces the repayment cost of their debts while increasing the value of their assets--"win win" for them. And Powell will do it, because he came from Wall Street and that's who he's looking after at the end of the day. We're depending on the arsonists to put out the fire. Powell does NOT know what he's doing. Isn't that clear to one and all by now? But rich guys can't fail. Heckuva job, Jay, heckuva job.
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