IND - Powell Must Step Up And Become A Daddy
2024-03-19 08:45:00 ET
Summary
- The U.S. economy needs Federal Reserve Chairman Jerome Powell to assume a strict and disciplinarian role in order to combat accelerating inflation.
- Powell's recent lack of action and failure to tighten financial conditions has increased the risk of inflation and undermined the Fed's credibility.
- Powell must reassert the Fed's commitment to reducing inflation, deliver a significant shock to financial markets, and communicate clear consequences for inflationary behavior.
With U.S. inflation recently accelerating from already intolerable rates, the American economy currently needs Jerome Powell to assume a strict "paternal" role as Chairman of the Federal Reserve....
Powell Must Step Up And Become A Daddy