Federal Reserve Chairman Jerome Powell wants to 'get back' to the Trump era of low inflation and rising wages.

m.knox

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Aug 20, 2003
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I think millions of Americans want to get back to getting ahead like they did under Trump........

https://www.dailymail.co.uk/news/ar...conomic-era-agree-ANDY-PUZDER-JIM-TALENT.html

'The labor market we had before the pandemic... that's what we want to get back to.'

So said Federal Reserve Bank Chairman Jerome Powell last week following his announcement that the Fed is raising its benchmark interest rates three-quarters of a percentage point – the most aggressive hike in 28 years.

With inflation surging, it's little wonder he's nostalgic for a time when inflation was low, unemployment was at historic lows, labor participation was increasing, and real wages were increasing faster than inflation.

In short, Powell wants to return to the conditions which prevailed during President Donald Trump's Administration before the pandemic.
 
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