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Scott @Scott824672085 on x 2670 followers
Created: 2025-07-22 19:15:20 UTC
Jerome Powell isn't keeping rates high over tarrifs. During Bidens Presidency.
The Fed’s goal was to cool demand to achieve its X% inflation target without triggering a recession. Powell frequently noted, as in his 2022 Jackson Hole speech, that high rates were necessary to reduce spending and investment, which slows price increases but risks economic growth.
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Related Topics investment jackson hole inflation tarrifs rates powell jerome powell jerome