Jerome Powell: Case For And Against | Metals Mine

  • Jerome Powell: Case For And Against

    From srikonomics.substack.com

    Amid the rising storm over the Federal Reserve's policies and its leadership, it is important to distinguish between what Chairman Jerome Powell can reasonably be held accountable for — and what falls far outside his jurisdiction. The recent wave of criticism targeting Powell has too often ignored this line, distorting public discourse and potentially endangering the very institutional foundations that underpin U.S. financial stability. Take the case of the massive cost overrun in the ongoing renovation of the Federal Reserve headquarters in Washington, D.C. The budget has ballooned by over $800 million. But while ... (full story)

Comment Options
Eurorally
Jul 27, 2025 8:52am
Permalink
This is why president Truman wished for a one-handed economist: "On one hand and on the other hand" saying and signifying nothing.
Reply
CycleGF
Jul 27, 2025 6:42am
Permalink
The inevitable: Interest rate reduction, US debt to add an additional $4Trillion due to big beautiful bill. Increase in consumer inflation and economic stagflation...the rest is just BS
Trump doesn't have economic growth vision ...he is stuck at Deals , he wants to make deals.
I would think that he wants to make deals so that he pumps up his CV to apply for a Job at Goldman Sachs after he ends his term.... Just like Tony Blair or Rishi Sunak
Reply
Schultz
Jul 27, 2025 12:52am
Permalink
"it is important to distinguish between what Chairman Jerome Powell can reasonably be held accountable for — and what falls far outside his jurisdiction.......while Powell presides over the institution, he is not the procurement officer or construction contractor. There is no sign of fraud, personal enrichment or misappropriation."

A worthwhile short non-partisan rant that also details some recent history. Valuable content, worth reading..
Reply
    •   Newer Stories
    Trump's Japan 'investment vehicle' could become trade talk template — even if nobody is sure...

    From finance.yahoo.com|Jul 27, 2025

    A closely watched piece of a trade deal announced with Japan this past week is a plan for a "new Japanese/USA investment vehicle" that Trump and his team said will put $550 ...

    China’s industrial profits fall further in June

    From brecorder.com|Jul 27, 2025

    China’s industrial profits continued to fall in June, data showed on Sunday, as entrenched producer deflation put more margin pressure on businesses in the face of subdued ...

    China, US to extend tariff pause at Sweden talks by another 90 days- SCMP

    From @DeItaone|Jul 27, 2025|9 comments

    CHINA, US TO EXTEND TARIFF PAUSE AT SWEDEN TALKS BY ANOTHER 90 DAYS- SCMP China, US to extend tariff pause at Sweden talks by another 90 days: sources Beijing and Washington are expected to extend their tariff truce by another three months at trade talks in Stockholm beginning on Monday, according to sources close to the matter on both sides. China and the United States agreed in May to remove most of the heavy tariffs levied on each other’s goods for 90 days while continuing trade negotiations. That suspension is set to expire on August 12. During the third round of trade negotiations between the world’s two biggest economies, both will expound their views on major sticking points – such as the US’ concerns over China’s industrial overcapacity – rather than achieve specific breakthroughs, the sources said. One source said that, during the expected 90-day extension, the two nations will commit to not impose additional tariffs on each other, nor escalate the trade war by other means.

  • Story Stats

  • Related Stories