At the post-meeting press conference, Powell demonstrated the central bank’s understanding of the optics around its balance sheet expansion.
The Fed maintaining it’s not generating inflation is laughable. What’s tragic is Powell knows it but can’t acknowledge it. In his first Jackson Hole pre-Pivot speech he recognized financial excesses not inflation catalyzed last 2 recessions
@Quillintel
@SoberLook pic.twitter.com/gJyLn8y8qA— Danielle DiMartino Booth (@DiMartinoBooth) February 8, 2020
Fed Chairman Jerome Powell is to confront the 'new risk' to the U.S. economy from China's coronavirus outbreak (via @RichMiller28 & @SteveMatthews12) https://t.co/9y8I5Omwlc
— Bloomberg Economics (@economics) February 9, 2020