I’ll always remember the lesson I learned from JPow at the start of COVID when he got up and said “If you’re shorting the stock market right now, you’re betting against America, and that’s not going to go well for you”.
Dude is the GOAT.
I have to eat my words when I said powell will probably remembered as the dumbest fucker in economic policy decision back when inflation was going out of control and his belief that it was transitory, but when he did raise rates in the fast successions the initial shock and absorption proved that it was likely the best decision he could have made at the time.
Dude's actually the goat of monetary policy. I fear whoever's coming next as chair will not be as loyal to the dollar