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- “We’ll Probably Still Be Left with Ground to Cover to Get Back to Full Price Stability”: Powell at the FOMC Press Conference
“We’ll Probably Still Be Left with Ground to Cover to Get Back to Full Price Stability”: Powell at the FOMC Press Conference
by Wolf Richter Wolf Street
“The best thing we can do for the US is to fully restore price stability, and not fail in that task, and do it as quickly as possible, but also with the least damage we can.”
On several occasions during today’s post-FOMC-meeting, Powell should have used the Taser that I have exhorted authorities (multiple times) to equip him with. When a reporter asks a repetitive, hypothetical, trick, stupid, manipulative, or unanswerable question, or tries to put words into his mouth, he pulls the Taser out from under the lectern, aims, and ZZZZZAPPP, which would shorten and liven up the press conference. WOLF STREET commenters have offered to “pay” to see this, which would bring in revenues to cover part of the Fed’s massive operating losses, and it would stir up public interest in the FOMC press conference.