i'm a day late to this but: Powell is the reason we didn't have a financial crisis! what the hell? very unfortunate to resort to grandstanding against arguably America's most competent appointed officialhttps://twitter.com/NickTimiraos/status/1442872910721343505 …
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Perhaps it's b/c most people don't work in the markets... but do folks not remember how bleak things were in March 2020? Have people forgotten about how every single company that had the capability to was maxing out their revolving debt and how credit markets completely froze?
i was working in treasury services/transaction banking at the time, i had never seen cash deposits go up so quickly ever in my life
