Biden was cautioned by progressives not to give reactionary corpoatist Jerome Powell another term at the Federal Reserve. He paid no attention. Now he is paying the price.
As was clear when Sen. Warren questioned him this week, Powell does not care if we go into a recession, knows what he’s doing with interest rates won’t alleviate inflationary price-gouging of American consumers, and is is indifferent to the prospect of massive job losses well into the future.