Powell's commentary on macroeconomics

To draw a concise conclusion from Powell's statements, he stated that the Fed is focused on maintaining price stability and aims to reduce inflation to the level of 2%. Also, they are committed to a policy of tightening money and continue to work on cryptocurrencies and CBDCs. also expressed. He warned that Congress needed to step up on the debt limit and that the Fed alone could not fix the economy.

Fed could never fix the economy alone. And it's not in their interest. Basically fed is union of the richest people and their only concern is actually lending to the US goverment with as higher interest as possible.

Nikolaos said:

Fed could never fix the economy alone. And it's not in their interest. Basically fed is union of the richest people and their only concern is actually lending to the US goverment with as higher interest as possible.

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Yes of course