[Paladin2]

Why is he letting this happen?

Isn’t he Large and in Charge?

[Lock him up.]

[TECTopcat]

No the Federal Reserve and Powell only has control over monetary policy and no control over Fiscal policy, only Congress and the President does. Biden is by passing Congress to goose spending which in short term gives a boost to economy and his relection.

[Bishop_Malachi]

Why is he letting this happen?

Isn’t he Large and in Charge?

[Lock him up.]

_____________________________________________________

Yes, he is ultimately responsible by enabling the Treasury Dept. to sell bonds that the market can’t absorb. This alone should tell the discriminating observer that the Fed isn’t really clutching pearls over “fiscal unsustainability”.