Powell's Mantra: Keep the Punchbowl Full and To Hell With Rising Prices.
Today we will go over Fed Chairman Jay Powell's comments to Congress about inflation and monetary policy.
The conclusion for the day is that Mr Powell and his colleagues at the Federal reserve are more concerned about Wall Street and the Everything Bubble than the general welfare of the American public.
John Williams' Shadowstats website: http://www.shadowstats.com/alternate_data/inflation-charts
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