I came in to say the same thing -- major, major respect to Powell.

I am not a big fan of his earlier policies (or of Greenspan's and anyone after him for that matter). His "unlearn the importance of M2" did not age well. He made the tail end of the ZIRP more painful than it needed to be. But those were honest mistakes from a public servant who did his best and believed in what he is doing.

And standing up for what he believes is right, against this insanity from the president is the gold standard of what we need from public servants. My 2c.

Courage in short supply, refreshing to see it flexed.

I hope that some heads of universities, CEO's and people running important journalism outfits are looking at this and feeling a deep sense of shame.

It's honestly depressing how little push back there seems to be.

Yes.

His statement is firm and well articulated. I have nothing bad to say about the man right now

I have bad things to say about him. But they're firmly on pause. What Trump wants for the Federal Reserve is far worse.

And anyone who is a hard-currency quantity-theory-of-money conservative, should also be appalled by it.

Trump is way worse than what the harshest critics of the Federal Reserve think about it. Nobody right or left should support it. Only the billionaires will profit off the monetary disorder.

> Only the billionaires will profit off the monetary disorder.

Maybe not even them. Certainly not all of them.

By design, kiss the ring. It’s a natural progression of the kind of grifting that has been occurring through 2025: shitcoin rugpulls, tariff announcements, etc.

Would love to hear what you've disagreed with because the man pulled off what can only be interpreted as a miracle in landing the economy nearly back on the 2% target with no massive economic problems after we went through an unprecedented pandemic, during which Trump printed $3.5 Trillion, causing massive inflation (yes, Trump did that, not Biden).