Many times I've disagreed with Powell, but major props for this statement.
I am not a big fan of his earlier policies (or of Greenspan's and anyone after him for that matter). His "unlearn the importance of M2" did not age well. He made the tail end of the ZIRP more painful than it needed to be. But those were honest mistakes from a public servant who did his best and believed in what he is doing.
And standing up for what he believes is right, against this insanity from the president is the gold standard of what we need from public servants. My 2c.
His statement is firm and well articulated. I have nothing bad to say about the man right now
And anyone who is a hard-currency quantity-theory-of-money conservative, should also be appalled by it.
Trump is way worse than what the harshest critics of the Federal Reserve think about it. Nobody right or left should support it. Only the billionaires will profit off the monetary disorder.
Maybe not even them. Certainly not all of them.