60% of Powell's net worth is in equities. Clearly he's deeply incentivized to keep inflation gun (money printer) firing. Absurd conflict of interest. Is he acting on behalf of America or his portfolio? Of course it's the latter. pic.twitter.com/M6armUELZY
— Minsky Moment (@BP_Rising) August 27, 2021
Powell Uses 1970s Inflation Spiral to Show How “Temporary” Becomes Persistent
His “taper” discussion got all the attention, but his focus was on inflation.
Got a news tip or correction? Let us know
If you got something out of this, please chip in to keep this site running, or subscribe to go ad-free.
5 views