I don't really listen to the FED chair much.
But I listened today. And I know him like a BOOK now.
When the market was crashing this week.
I thought he was prepared to do something bold to stop it.
Let me tell you. That guy is clueless.
He ain't coming to any market rescue.
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It’s not his job to rescue the market. It’s his job to control inflation and the economy. The market is not the economy
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I would argue that’s not fully true. When people see $$ evaporate from their personal wealth, their confidence in spending goes down with it. Public co’s are driven by shareholder value. “market is down” means nothing individually. Spending Cuts,less hiring, etc…it’s a balance
IMO he showed his cards when Trump brow beat him to death calling for rate cuts when the market was dumping while he was trying to "normalize" rates. He did a 180 and started cutting to rescue the "economy" which in his World and the District of Criminals is the stocked market.
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