Fed Chief Jerome Powell Warns Of 'Some Pain' In Inflation Fight - Velshi - The Last Word - MSNBC

[Rhiannon12866]

The New York Times’ Talmon Joseph Smith joins MSNBC’s Ali Velshi to discuss the limited set of tools the Federal Reserve has to combat inflation and avoid a recession. - Aired on 08/26/2022.

[elleng]

1. Not satisfying hearing him Warning Of 'Some Pain,'

especially in light of various improving numbers.

Understanding he was at a 'regular' meeting doesn't mean he has to stick to the 'old' framework, without an inkling of any possible change.

[sprinkleeninow]

2. Copy that.

He's a leftover from previous admin.

[elleng]

3. and an 'economist.'

NOT a profession I admire or trust or understand.

I said something similar to the spouse of one in my kitchen -- in DC, years ago -- but at least our kid's friendship lasted.

[SheltieLover]

5. Me either, Ellen.

[SheltieLover]

4. Why didn't Joe replace him?

[elleng]

6. Easier said than done, and

the 'approach' is, sadly imo, accepted by many 'economists,' so nowhere to go.

[SheltieLover]

7. Thx.

They make economic issues out to be acts of nature, like tornados.