Powell sticks to his lane and frustrates the frustrated reporter
Jerome Powell, chairman of the Federal Reserve, did a wonderful job at a press conference on Wednesday. Don't get in the way of politics Despite the questions from the reporter, he actually begged him to oppose President Donald Trump's policy.
Financial reports have pushed the story that Trump and Powell are like that. I headed for the collision Since the election date. The problem with this idea is that there is almost no evidence to support it. Trump and Powell mainly agree to monetary policy, claiming that Fed B has room to lower interest rates as long as the Fed decreases toward the 2 % goal of the Fed. 。
When Trump talked to the Davos's World Economic Forums about monetary policy, he said that if the energy policy succeeded in lowering inflation pressure, the Fed would immediately lower interest rates. Financial media almost ignored the first part of the statement, that is, about reducing inflation that reduces abundant energy. Trump was demanding an immediate interest rate reduction And I'm trying to push the Fed.
At a press conference on Wednesday, the Fed chairman was asked some questions designed to cause criticism of Trump. Over and over again Powell refused to feed。 He refused to criticize Trump's expulsion of the country. He stated that the Fed had to wait for tariff policies to see how it would affect the economy. “There are so many variables. Powell explained to the reporter.
Do Powell will resist the Trump administration's day policy? no. “We are working to match the policy to the Presidential Order, which matches the appropriate and applied law,” Powell said.
Bloomberg's live blog reported non -events because the craving for Trump Powell was very strong: Trump did not post anything to social media About Powell's press conference.
Bloomberg's Enda Kalan sounded positive I was angry that Powell refused to follow the script。 “Powell was probably too early to evaluate a new policy, but it would be a little bit thin every month. The new administration is running and the policy is flying. -I can't ignore it, “he wrote on Bloomberg's live blog.
We are doing so In many cases, it was critical of PowellHe deserves his understanding that the central bank needs to leave politics to maintain the Fed's independence. When a reporter asked about the reason why the Fed has left a globalist's costume called a network to green the Finance system, the coalition of the Central Bank and Financial Supervisors will strengthen the role of the financial system. It is for the purpose. Management of climate -related and environmental risksPowell explained that dealing with climate change is not part of the Fed's mission.
Trump ultimately commented on the Fed and challenged a true society to criticize Powell. But the important thing is He did not criticize the Fed's decision to not reduce interest rates。
The media hears Grim Dark, and the United States hears the golden age
If you don't follow the script, Americans refuse to believe in the media claim that it is Trump's first speech. “I drew a strict portrait of the country” (As with New York Times Please put it in) or “Lightning, dark” address (as) Vanity fair Assertion).
The latest polling from YouGov economist I found it 68 % of American adults A person who saw a part of Trump's speech said it was optimistic. Only 19 % of them answered pessimistic. 62 % states that this speech exceeds unresolved (41 %) or average (21 %). (It would have been interesting to ask those who did not see the speech if they were optimistic or pessimistic.)
The media claims to have heard or heard the Grim Dark Trump, but the United States has heard the golden era.
