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Re: Implanting post# 17464

Monday, 10/24/2022 9:52:32 PM

Monday, October 24, 2022 9:52:32 PM

Post# of 19298
Good article. I don't agree with a couple of his points, but he makes some interesting calls. Any comparison of Powell to Volcker is comical. In addition, the economic backdrop now to me seems significantly different than it was in Volcker's time. Both of us (as well as several others on this board) have made several arguments about how the situation now is markedly different that it was then. It gets even funnier when you think about how long Powell talked about the 2% inflation target and then went way over the target. That and the huge amount of pandemic-related money printing /increase in M2 money supply will be 2 things that will always come up in my mind when thinking about Jay.

Check out 2020! https://fred.stlouisfed.org/series/M2SL

The comments about comparisons to Arthur Burns made me laugh.