but not for his Wall Street mates.
Why did Biden renew Powell’s tenure as head of the Federal Reserve? Why isn’t Biden resisting Powell’s attempt to turn him into Jimmy Carter?
The United Nations has stepped in, pleading with Powell to stop inflicting devastating damage on the world’s most vulnerable.
Powell’s entire orientation is as pitchman for the failed doctrine of neoliberalism, which has been a forty-year calamity for the United States. He has, of course, absolutely no interest in curbing the monstrous and unchecked corporate greed that is driving inflation.
Read Thom Harman’s The Hidden History of Neolberalism.