Jerome Powell Says Higher Oil Prices Won’t Lead to a Fed Hike
Jerome Powell did some good today.
The Breitbart Business Digest levels a lot of criticism at the soon-to-be-former Federal Reserve chairman. There’s no need to rehearse our criticism of his leadership now. Instead, the chair’s remarks to students at Harvard University on Monday give us an opportunity to praise the chairman.
The most important thing Powell said Monday is that the Fed is inclined to look past the energy shock stemming from the war in Iran. He argued that energy disruptions tend to be short-lived and that monetary policy’s famously long and variable lags make it a poor…
Read the full article at BREITBART.COM
