Episode 16: Jerome Powell, Federal Reserve Chairman...or...Con Man?

Send us a textI asked rhetorically in a research piece I wrote last week...is Jerome Powell a "con man"? Of course the answer is a resounding NO. Jay Powell has talked the talk and then walked the walk. He has told us what he thinks, he has told us what he will do, and then he does it, ever since 2018 and the publication of eleven Fed White Papers defining the "new monetary paradigm", which proposed to let inflation rise to whatever level it wanted to without "tolerance bands", to rise h...