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Re:Speech by Chair Powell on monetary policy and price stabi... by imtringued on Monday August 29, 2022 @05:46PM (#32643972)
Something people don't appear to understand is that the fed only controls the brake pedal and maximum speed limit. They can't force more money into the economy as so many people seem to believe.

So half the time, the Fed is just some sort of con man, trying to trick the economy into doing what they want through press releases and optimistic predictions, etc.

The other time they are just slowing the economy down for good or bad reasons.

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