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inflation goes, that s on the fed, austin. what do you think about the pivot we heard earlier this week from jay powell? i was quite surprised. i mean, it basically seemed like chairman powell, now that he s getting reappointed said, all that stuff i said about i m going to hold out and not raise rates, maybe i am going to raise rates and let s start the taper sooner. i think all of the things that eugene said were spot on and accurate. that in a way the fed s timetable and the economic timetable are not on a political timetable. and that s the hardest part for the white house right now is that most of the economists view is, let s wait four or five months and see if this starts to ease, and it probably will. and if it does, everything will be fine. but if you re in the white house, you can t just sit and wait four or five months. you have to do something. politicians do not have the privilege of time.

Chairman powellJay powellInflation goesWhite houseEverything will be fine