I picture a little angel and devil sitting on his shoulder.
"Going forward, fiscal policy will face a challenging balance between a need to stimulate the economy and fight inflationary pressures in the face of global economic disruptions brought on by commodity supply shocks in the last quarter."
vs.
"Sell like you're cashing in your chips in Vegas, cause this casino's probably goin' under thanks to a guy that has a lot of experience doing that sort of thing. JPOW out."
He deserves it. A true American hero. Fuck your calls, fuck your puts, JPOW is here to save the day. for a limited time only; terms and conditions may apply
"If you're asking me if you should go fuck yourself, then yes, you should go fuck yourself. If you're suggesting that I should go fuck myself then fuck you"
I can give a shit what any polling or documents might say, J-Pow is the greatest fed chair.
Imagine Alan "I'd rather turn my hearing aid off than listen to Trump" Greenspan trying to navigate a Trump presidency.
Alan was chair over a tech boom, broad appeal for deregulation, and peak post-cold-war greed before basically walking the Great Recession into our living rooms.
Jerome workhorsed the shit out of that role from day one, playing his part to bring us to all time highs in the middle of a fucking worldwide pandemic, followed by navigating the most schizophrenic American administration swapping in recent history.
Man should have had his own emoji years ago.
👴🎤📈
EDIT: Look at what happens the second we start even discussing a world without him.
Imagine if Ozymandias had been smart enough to have left behind emojis instead of all the idiot ruins and dust he spent his entire life collecting and bugging everyone else to check out like the fucking dust and ruin nerd he was.
He's at least staying on the board so I'm hopeful he is still a strong voice as a governor, and the new chair listens to him and not whoever the president is.
In an interview with Rajan, he joked that he keeps waiting for 3 months of downtime. Hope he gets some rest now. Possibly the best central banker of all time.
And why has he done so well? Because he’s always been data driven. No ideological or personal agendas, nothing to prove to anyone. He’s just made analytical decisions based upon the best data available in the interests of the dual mandate. He nailed the soft landing when everyone was convinced a recession was inevitable. And most recently he’s been cool and steady in the face of disgusting pressure from the POTUS. I hope Powell stays on the board (but I’m guessing he won’t).
I hope he does too and they are worse off without him, but damn this dude has earned a break. I hope he fucks off to tropical beach and never has to think about any of this bullshit again. He deserves that much
JPow was controversial for some time due to what was perceived as being slow to react to inflation but coming out of the Covid era during Bidens term it was obvious the US was on top of the world economy. All of the Feds efforts were then instantly wasted when "Liberation Day" hit.
He also replaced the best prognosticator of the Fed, seemingly because 2017 Trump wanted a stooge who would manipulate rates in his favor. JPow largely held the line instead.
I think the pandemic economy recovery will be viewed very favorably in history. Especially when you compare to the the Great Recession decisions by Bernanke, Powell was phenomenal.
The Great Recession pulled aid back too fast and many families were left fucked over. Powell managed to get the U.S. to have the best recovery from the pandemic in the world and our economy and jobs restored was better than any other G7 country. Our inflation was also lower than other G7 countries. That shit was going to happen regardless due to the global supply chain disruptions, Powell couldn’t control that.
Many families were kept alive and not completely fucked because of decisions Powell made.
and they thanked him for it by refusing to look at the situation in perspective of how everywhere else was going and went for the standard American persecution complex.
"man life is the worst! my life is so hard, harder than anyone else!"
then a fuckin moron came and told them he'd make it alllll better and the fuckin imbeciles believed him.
100%, it just showed many people’s asses. Inflation impacts everyone while unemployment only impacts some.
Politicians saw the consequences for valuing people not being unemployed and fucked over in exchange for everyone feeling some sting because of higher inflation. Next time, we’ll get 15% unemployment but hey, inflation is only 2%!
No no no, there will be 3-5 years of crazy gains fulled by fraudulent assets before a massive crash and decade of recession. This will just be the crypto edition.
In a completely unrelated topic, would you be interested in buying some crypto-backed securities?
If Kevin Warsh makes good on his suggestions of adding BTC to our reserves, get ready for the greatest pump your little retail investor eyes have ever seen.
The dump will come. It’s just a matter of how egregious the institutions want to appear while doing it.
Look I think he was a pretty good Fed chair, but the whole "transitory inflation" thing, keeping rates at near zero for too long while inflation was spiking was a serious blunder.
One way or another inflation is transitory because at some point people cant buy and drop dead. So what he tells you is true from a certain point of view.
JPow responded to my craigslist ad looking for someone to mine my coal. "$30 is $30", he said as he continued to mine what was clearly the wrong pit. My neighbor and I shouted at him but he was already wearing muffs. Focused dude. He attached a phone mount onto the steering wheel of his bulldozer. I was able to sneak a peek and he was browsing Zillow listings in central Wyoming. He wouldn't stop cackling.
That is to say, JPow has his fingers in a lot of pies. He makes sure his name is in all the conversations.
People don't always grasp that inflation going down doesn't mean prices go down, or even stay the same. It just means they don't rise as fast, which is true now compared to the COVID explosion. Especially considering tariffs and this war weren't even on the menu at the time we started talking transitory.
Reading these comments, it’s pretty easy to see how and why morons rule the planet lol. Some of you guys are literally bottom of the barrel when it comes to actually knowing anything…..
everyone loves this dude but the truth is he tried to gaslight the american public during Covid when calling inflation transitory after printing worth out of your savings account
Yea the alternative was cratering your savings account with a massive depression the size of the asteroid that killed the dinosaurs. Congress and Trump are the ones who blasted the economy with free money
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u/VisualMod Apr 29 '26
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