Powell On Why The Fed Ain't No Longer Your Friend

When asked how much he worried about another “financial crash,” Fed Chairman Jerome Powell told PBS News Hour that the “next set of problems” wouldn’t “look a lot like the last set of problems we had.” It would be “something else, a cyber-attack, some type of global event.” And then he threw in the zinger: “Or maybe it will surprise us and look exactly like the last one.”

 

 

https://wolfstreet.com/2018/10/03/powell-explains-just-how-hawkish-the-fed-is-getting/

 

 

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