Post #1520 by Steve203 on the Macroeconomic Trends and Risks board

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Two cases don’t make a trend,

Seems I recall Greenspan also being criticized. in the early 2000s, for the interest rate suppression that helped inflate the real estate bubble, that popped a few years later.

Three bent Fed Chairmen? Bernanke gave AIG $85B, for the ease and comfort of it's counterparties, even though it was not a bank within the jurisdiction of the Fed.

So, seems Powell's problem is being unwilling to bend to the demands made of him, in the face of a history of the Fed being a tool of the administration.

Steve

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