Despite the complaints of progressives saying that Powell’s trying to engineer a recession, Powell shows over and over again that he’s structurally dovish but willing to be tactically hawkish when he has to be — and this is not one of those times.
13
13
102
24K
5
@conorsen Wait are you saying he does NOT need to be tactically hawkish now?
@kapoano His view is the bank stuff is the primary concern at the moment.