The Central Bank Fails

Chairman Powell Deemed Lame

Jerome “Jerry” Powell is very possibly the worst Fed Chairman in modern history. In one of my previous articles, I shared with you that he is going to unravel the markets with these big rate hikes. As many economists have pointed out, he waited too long to recognize that inflation was a problem. Then when he announced there indeed was an issue, the man started making the adjustments way too fast and furious. The general consensus is that the rate hikes should have started late last year at a 25-basis point clip. Then, simply continued at that…