The recent change in Jerome Powell’s approach is indeed noteworthy. Having refrained from criticizing Congress during the extensive $6 trillion COVID spending period, his newfound willingness to do so suggests a shift in tone and approach.
5 years late, Jerome Powell finally admits maybe federal spending is a problem.
When your professional counterfeiter is worried how much you're printing, you know it's bad.
Still, no worries: Biden and Yellen tell us we can afford the Green New Deals, the student loans, the… https://t.co/3tYCjeZjrE
— Wall Street Mav (@WallStreetMav) October 27, 2023
See also Congress just passed bill that forces age checks and risks tracking everyone's web history.
Federal debt held by the public is at an all time high, per WSJ: pic.twitter.com/jng0Jq9CTc
— unusual_whales (@unusual_whales) October 27, 2023