Powell is under siege! With the Fed raising interest rates, who really holds the power?
It's not about inspecting building renovations—clearly, it's aimed directly at Powell!
Using the hearing as an opportunity to create trouble, the renovation is merely a veil of embarrassment, with the core goal being to force Powell to yield.
Now the conflict has been laid bare: Should the Fed's rate hikes and cuts be based on solid economic data, or on politicians' moods? This move is essentially trying to turn the central bank into a tool for political maneuvering!
On one hand, inflation remains stubbornly high, prices are rising to the point where ordinary people can't afford them, struggling to make ends meet; on the other hand, politicians are clashing with each other, constantly finding fault, treating economic matters as a game of power.
In the end, the cost of these power struggles will inevitably be borne by ordinary people!
