the federal reserve right now and i don t think they re listening to jay powell, of course listening to him, and read what he says and i think he he d his own epiphany. it dovetails with where president trump is coming from on these markets q. they hiked rates in december, it was a huge mistake. on january 1, the first tell from powell, he said wage inflation is not price inflection. historically, the federal reserve, are when wages goes up, unemployment goes down, they start to put road blocks in our economy through rate hikes. he said that wasn t necessary. in early january. inflection does not appear to be what are they saying they are seeing on that front? i m glad you brought that up. that s one of the things they re worried about, is a lack of inflation. in fact, on friday, the new york fed chairman the chicago fed chairman, said they have to lower rates at least 2 more
still haven t gotten to the bottom of it. there are bailouts upon bailouts upon bailouts. we can at least hope when europe goes forward, they will look to what the u.s. has done and they won t do what we did. hope s not working that well these days. on that $7.7 trillion, an important thing to remember. the fed chairman at the time was ben bernanke and the new york fed chairman at the time was tim geithner. i want to make sure all of msnbc s liberal viewers know, obama re-appointed and promoted these guys respectively. so it s not as if this was and just to go where you re going, to take it honestly, as far out of the partisan political complex as i can, the policies were implemented, the eurozone, by the way, was created at the same time we did glass-steagall, all one idea under clinton with rubin, and george bush advanced it, lifted the leverage requirements, and president obama said, this looks great, let s do more. anyway, let s talk about something else, shall we? do you w