(News Editors) It was last August when Jerome Powell began to admit that inflation just might be a problem. But even then, he was only willing to say that inflation would likely be “moderately” above the arbitrary 2 percent inflation standard. Back in August, low inflation—not high inflation—was still perceived to be the “problem.” But things had certainly changed by late November when Powell was forced by reality to retire “transitory” as the preferred adjective to describe price inflation. At that point, the Fed began strongly hinting that it would finally do something to rein in price inflation. But exactly when that might happen remained anyone’s guess.
jerome Powell
Peter Navaro: Jerome Powell is “the Worst FED Chair in Modern History…That Is One Bad Dude on So Many Levels”
(Joe Hoft) Peter Navaro is right. Jerome Powell is the worst FED Chair in Modern History.
Key Events This Week: Powell, VP Debate, ISM And Fed Speakers Galore
(Zero Hedge) It’s a relatively quiet week event-wise, where outside of the VP debate on Wednesday we get the latest minutes from recent Fed (Weds) and ECB (Thurs) meetings, and also hear from both Fed Chair Powell (tomorrow) and ECB President Lagarde (tomorrow and Weds).