Powell’s Bernanke Moment: “The Baseline Outlook Remains Favorable”

In March 2007 Bernanke infamously proclaimed that the US economy is in a good place and that—  “…..the impact on the broader economy and financial markets of the problems in the subprime market seems likely to be contained.”  There must be something in the water cooler at the Eccles Building because surely Powell has just had his […]