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Powell’s Fast-Taper Signal Presages Agile Fed on 2022 Rates

This economy downtime in the past. i think where we disagree is that we obviously view chair powell and let's not forget lael brainard who has been nominated for vice chair. she has been a great voice for financial regulation. but we think chair powell is also going to be and continue to be implementing the kind of wall street oversight that this president i think holds to be a very important characteristic for a fed chair. i should mention that powell's support is quite widespread. representative jayapal and the congressional caucus were congratuling powell and brainard. cha chairs the bankin...

On the monetary policy front in terms of rates and in terms of more extraordinary means, asset purchases and bond purchases, things like that, that what the fed has done has been quite aggressive and i think people who are in the dovish category, i think you would be in that category, i would count myself in that category, people who really, really believe that full employment is so important as a justice issue, for working people in this country. powell's been pretty darn good. right? i mean, that's the general feeling. >> yeah. his response -- we came amazingly close to a real financial melt...

Powell's vice chair. his long awaited decision as inflation has been increasing rapidly, and the fed is likely going to have to put the brakes on and raise interest rates, a politically unpopular decision. joining us now is steve liesman and the former chair of the white house council of economic advisers. steve, does this renomination make sense to you in terms of the markets? and confirmation, the likelihood of confirmation for powell? >> yeah, i think it does, andrea. so nice to see you. i think it's a political -- it's going to be a win for the president in the sense that it's going to be ...

0 what's going on? i want to talk to you. what's going on? police are on the way. his dad says go back, i am not going back there. i'll go from buford around the homes, and that's what he does, he drives around. now, his dad is back in the truck. his dad is old and infirm. he's sitting on this bench in the back of the truck. drives all the way around thinking i'm not going to go back into this mess down here. i'll drive around, and when he drives around you've now learned about this dog leg, that black line essentially is the dog leg. you can't see past it. travis tells you the first thing he ...