I do this sometimes, have one great idea to write about and then it morphs into five other ideas and my columns end up being confusing. Today, I will state up front that I will be digging into several ideas I have. The first one is about the Federal Reserve and it’s slow mishandeling of the economy right now. The fact that it will have taken the Fed over twelve months to realize that inflation is a serious problem facing Americans is proof positive that the Fed has no clue what is happening “on the ground”. None. Using data from various US agencies to determine the extent of the problem is dumb.
What you fail to remember, it seems, is that Powell tried to do the right thing at the end of 2018 but the then sitting president shamed him into pulling back because Powell's correct actions were causing trouble in the stock market, making the then sitting president look bad. No real concern for the economy in that administration; only focus was on staying in power for that president. Not to say this administration is doing things like they should but this effort at the end of 2018 should not be ignored.
What you fail to remember, it seems, is that Powell tried to do the right thing at the end of 2018 but the then sitting president shamed him into pulling back because Powell's correct actions were causing trouble in the stock market, making the then sitting president look bad. No real concern for the economy in that administration; only focus was on staying in power for that president. Not to say this administration is doing things like they should but this effort at the end of 2018 should not be ignored.
Thank You for writing what we all know to be true. This administration is devoid of reality and foresight, relegating us to pay for their errors.