Danielle DiMartino Booth on GoldCore TV
Jerome Powell – The Hawk is back, according to our guest on GoldCore TV, Ex Federal Reserve Advisor Danielle DiMartino Booth in this explosive interview.
As Danielle sees it the new Jay Powell is the old Jay Powell. The Chair of the Federal Reserve has pivoted back to his hawkish stance. The “retiring” of the phrase “transitory inflation” signals Jerome Powell intends to tackle inflation head-on and speed up their plans to taper their bond purchase and bring forward interest rate hikes.
US Inflation is rising fast, as it is across most of the globe and central banks are caught between a rock and a hard place. Raise rates to stave off inflation and let the stock markets suffer the consequences or placate the markets with a continued flow of easy money through quantitative easing and low interest rates that would further fuel inflation, leaving the middle and lower income earners to suffer most.