Powell really used to step onto the mic, say “good afternoon” then sprinkle 30 more words on top and call it a day
sometimes you don’t enjoy something enough until it’s taken away from you
Powell on 2% inflation target
"The Fed’s price-stability objective of 2 percent, as measured by the personal consumption expenditures (PCE) price index, is a firm, fixed target. Let’s be equally clear about another aspect of the objective: Price stability is not self-executing, nor is inflation necessarily mean-reverting. It is the Fed’s job to deliver stable prices."
Powell needs to go!!
A former senior adviser to the Federal Reserve Board of Governors has now been found guilty of lying to federal investigators about sharing restricted information with Chinese intelligence operatives. This is not a peripheral scandal—it strikes at the core of the Fed’s integrity and national security posture.
Under Jerome Powell, the Federal Reserve’s mission creep has reached a historic and dangerous extreme. Once charged narrowly with price stability and employment, the Fed has drifted into climate policy, quasi‑political financial surveillance, and the effective unbanking of disfavored firms and citizens—all dressed up as “risk management.”
This is not technocratic fine‑tuning; it is an unelected institution expanding well beyond its statutory lane while failing basic safeguards against foreign influence.
The Fed is not above the U.S. Constitution. Its authority is delegated, limited, and subject to democratic oversight, not self‑proclaimed “independence” used as a shield against accountability.
In this context, Powell’s continued tenure is no longer a matter of policy disagreement; it is a liability. For the sake of the Fed’s legitimacy and the country’s security, he should resign.
More than 3,500 CEOs and founders representing some 220,000 workers signed a petition started by Y Combinator appealing directly to Yellen and others to backstop depositors, warning that more than 100,000 jobs could be at risk: RTRS