Jerome Powell’s Quest for Economic Stability is Destabilizing

Source: American Institute for Economic Research
by Richard M Ebeling

“When the chairman of the Federal Reserve Bank speaks the financial markets listen, and this was no different with Jerome Powell’s virtual address to the annual meeting of central bankers at Jackson Hole, Wyoming. What they got is what Harry Truman complained about when hearing from his economic advisors: ‘On the one hand, ‘this,’ but on the other hand, ‘that.’’ Truman said that he desperately wanted a one-handed economist.” (09/05/21)