Powell is doing exactly what the top 10% want, protecting their wealth at the cost of the bottom 90%

If we're heading for a prolonged period of low economic growth, the wealthy want rates as high as possible so they can lock in their capital beforehand.

Powell is doing exactly what the top 10% want, protecting their wealth at the cost of the bottom 90% https://t.co/xcbNjm9uOU

— Financelot (@FinanceLancelot) March 7, 2023

He's giving the exact same speech he gave 1 year ago word-for-word 🤣 pic.twitter.com/wL9BQg61yS

— Financelot (@FinanceLancelot) March 7, 2023

FED'S POWELL: THE ULTIMATE LEVEL OF INTEREST RATES IS LIKELY TO BE HIGHER THAN PREVIOUSLY PREDICTED.

— FinancialJuice (@financialjuice) March 7, 2023

FED'S POWELL: WE DO EXPECT IT WILL TAKE TIME FOR US TO HAVE AN IMPACT ON THE SERVICE SECTOR, THE SERVICE SECTOR IS LESS INTEREST-RATE SENSITIVE.

— FinancialJuice (@financialjuice) March 7, 2023

FED'S POWELL: NOTHING IN THE DATA SUGGESTS THAT WE HAVE TIGHTENED TOO MUCH; RATHER, IT SUGGESTS THAT WE HAVE MORE WORK TO DO.

— FinancialJuice (@financialjuice) March 7, 2023

Same price, 12% less volume.

32.1 FL OZ vs 28.2 FL OZ.#Shrinkflation = stealth inflation pic.twitter.com/MHjKLEyMzo

— Wall Street Mav (@WallStreetMav) March 7, 2023