The fact that Powell actually has confidence in the ability of government policy to help the economy is further proof of his incompetence as Fed Chairman. It's free market forces, not central government planning, that helps an economy grow. Government policy just gets in the way.
— Peter Schiff (@PeterSchiff) April 29, 2020
What the Fed in essence is saying is that they will stay all in forever.
Why? Because there will always be issues and uncertainty.
And they've already proven in Q4 of 2018 that they can't handle any. t.co/HkWnOKMAXy
— Sven Henrich (@NorthmanTrader) April 29, 2020
Confidence in algos is soaring pic.twitter.com/xRY7BEqxAW
— Alessio Urban (@AlessioUrban) April 29, 2020
POWELL SAYS FED IS NOT GOING TO BE IN ANY HURRY TO WITHDRAW SUPPORT FOR RAY DALIO
— Rudy Havenstein, gradually, then suddenly. (@RudyHavenstein) April 29, 2020
Powell: "We operate under the laws that Congress passes."
Read the law. 13(3) requires security "sufficient to protect taxpayers from losses." Bonds are not THEIR OWN security.
I've got a question for Powell.
— John P. Hussman (@hussmanjp) April 29, 2020
Jay Powell: “We build confidence in the markets.”
Ergo, firms that would have had to come to Fed for bail out were able to obtain financing in markets.
EXCEPT…De facto INSOLVENT firms that have been thrown lifeline via speculators are not legally ABLE to go directly to Fed
— Danielle DiMartino Booth (@DiMartinoBooth) April 29, 2020
Why the Economy Was Even Worse Than the GDP Reportt.co/sMBdDYhdsw
— Stalingrad & Poorski (@Stalingrad_Poor) April 29, 2020