New Economic Challenges and the Fed's Monetary Policy Review

Re:New Economic Challenges and the Fed's Monetary Policy Review by bertjk on Friday August 28, 2020 @12:26AM (#24301351)

Don't you think you might be viewing this through an excessively partisan lens? Before Jerome Powell was the Fed Chair, he was a 5 year veteran of the Fed Board of Governors, having been nominated by Barack Obama. His appointment was approved in votes that included the vast majority of Democrats.

Are his dovish views all that different from his predecessors, Janet Yellen or "Helicopter Ben" Bernanke?

You seem to be insinuating that he is an undeserving lackey, something like a Betsy DeVos. But I just don't see the evidence for that.

[ Parent | on HN ]

Re:New Economic Challenges and the Fed's Monetary Policy Review by neffy on Friday August 28, 2020 @04:51AM (#24302746)

Possibly, but let me put that another way. Something like this has never happened to a systemically import currency before in the history of reserve currencies of the world - the US dollar since Bretton Woods, Sterling roughly the hundred years before that.

The quality essentially required of a reserve currency being that it doesn't do this.

Definitely popcorn time - also don't own long date low interest rate bonds time. Which would be most of them. Oops.

[ Parent | on HN ]