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Watch Live: Fed Chair Powell Explains How A Fed-Driven Surge In Cost Of Living Is Helping 'The Poor'

Watch Live: Fed Chair Powell Explains How A Fed-Driven Surge In Cost Of Living Is Helping ‘The Poor’

Dear Mr. Powell,

Fed is holding rates at zero and buying $120 billion in bonds every month in the face of 17.4% export price inflation, 11.3% import price inflation, 6.6% producer price inflation, 5% consumer price inflation, over 15 million Americans on government dole, over 9 million job openings for Americans, record high stock prices, record low homebuyer sentiment, banks are puking excess cash back to The Fed at record levels, and stagflation’s shadow is looming…

Discuss…

Watch Live (due to start at 1430ET):

Tyler Durden
Wed, 06/16/2021 – 14:25

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