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/biz/ - Business & Finance

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21859734 No.21859734 [Reply] [Original]

https://www.cnbc.com/2020/08/24/powell-set-to-deliver-profoundly-consequential-speech-changing-how-the-fed-views-inflation.html

What did Powell mean by this? After giving a speech on crypto in february? After being openly threatened by Libra?

>> No.21860000

hmmmmmmmmmmmmmmm interesting

>> No.21860013
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21860013

>>21860000
c-checked

>> No.21860216

>>21859734
nigga this is bullish af news wtf I was about to sell but fuck that

>> No.21861094

>>21860216
>nigga this is bullish af news wtf I was about to sell but fuck that

>falling for the hopium schizopost distraction whilst getting dumped on by everyone else

every time never change biz never change

>> No.21861127

>>21860000
chekkkkk

>> No.21861429

>>21859734

I guess we'll find out Thursday anon. =-)

>> No.21861452

>>21861094
>Fed Chairman Jerome Powell will speak Thursday during a virtual version of the Fed’s annual Jackson Hole, Wyoming, conference.

>He is expected to outline what could be the central bank’s most active efforts ever to spur inflation back to a healthy level.

>“Average inflation” targeting means the Fed will allow inflation to run higher than normal for a period of time.

>The effort will be the reverse of former Fed Chairman Paul Volcker’s rate hikes instituted to quash inflation in the 1980s.
I dont know what to tell you. Good luck.

>> No.21861530
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21861530

>>21861452
wtf does all this have to do with chainlink?

>> No.21861707

>>21861530
Imagine a post apocalyptic world in which there is a single island that hasn’t been devastated. A single bridge is the only way to get there; only thing is there’s a gate. To cross the gate you have to pay the fat operator dozens of big macs in order to get through. Got it?