Source item

Kudos to the press for asking Fed Chairman Powell about his accusation that the President is using the Justice Department to influence monetary policy. He said, "Now is not the time or place." --- Powell's charge is probably the most significant charge a Federal Reserve chairman has made against a President in history, and a press conference is not the time and place to discuss it? The press would never allow a President to get away with saying a PRESS CONFERENCE is "not the time or place." Why do they let the Federal Reserve Chairman get away with it? It is too important. Keep asking him, over and over, to tell him how important an issue it is. The rest of this Press Conference is turning to what may be meaningless questions about the economic outlook that really do not matter, given the questions he will not answer. Ask this!! Chairman Powell, you have accused the President of the United States of using the Justice Department to conduct a criminal investigation to get you to change monetary policy. This might be the biggest charge a Federal Reserve Chairman has made against a President in the history of this institution. This is a press conference. If now is not the time or place to ask questions about this very serious charge, when is? Ok, one potential important statement by Powell *POWELL: GROWTH IN LABOR SUPPLY HAS COME ESSENTIALLY TO A HALT Is he saying now the labor break-even rate is zero? At least follow up on this. It's probably the most important thing he said so far