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Tag: Biden

Will the Fed Hit Their “Self-Destruct” Button?

Over the weekend, it sounds like Federal Reserve Chairman Jerome Powell also received a call to his principal’s office … this one belonging to President Biden. But I’m fairly sure that Powell isn’t being recognized as central banker of the quarter. Ahead of midterm elections, Biden is reaching for anything that can be done to tame inflation. And unfortunately for us all, there is only one thing Powell can do…

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