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
https://twitter.com/NorthmanTrader/status/1255570641962569729
Confidence in algos is soaring pic.twitter.com/xRY7BEqxAW
— Alessio (@AlessioTMAD) April 29, 2020
POWELL SAYS FED IS NOT GOING TO BE IN ANY HURRY TO WITHDRAW SUPPORT FOR RAY DALIO
— Rudy Havenstein, Senior Markets Commentator. (@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.
What color and size jumpsuits do FOMC members want?@byHeatherLong pic.twitter.com/ElqVcWqV5B
— John P. Hussman, Ph.D. (@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 Reporthttps://t.co/sMBdDYhdsw
— Liberty Street News (@LbrtyStreetNews) April 29, 2020
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