Jerome Hayden Powell is the 16th chair of the Federal Reserve, who has held his position since 2018. Jerome has caught up to inflation after many people losing their jobs going homeless, and dying. This is the same person who said on June 22nd in a hearing before a U.S. House of Representatives panel,\u201cWe will not raise interest rates pre-emptively because we fear the possible onset of inflation. We will wait for evidence of actual inflation or other imbalances.\u201dAlthough he has acknowledged that inflation is a growing problem, he has certainly assumed that it is going to magically disappear and everyone will be back to normal. Re-opening the economy is going to be great in the short term, but after that, you have nothing to condemn except the infrastructure that it is built on.The FED has also conveniently blamed the pandemic, which certainly played a role, but using it as a scapegoat for all the problems inherently caused by the existing economy is quite ignorant. Assuming that most people will find new jobs or go back to their existing jobs after being laid off because they couldn\u2019t afford to risk their or their family\u2019s life is also very optimistic.This will also take its toll on the economy as people who can\u2019t afford to buy products from retail stores will also affect the demand. Thus creating a vicious cycle that ends up affecting everyone. Also, saying inflation is transitory makes it sound like something that was unpredictable and couldn\u2019t be prevented.Like most centralized authorities, the FED has also opted for regulated CBDCs and is currently working on research into it. Assuming they come to a decent solution, it will still take a lot of time for them to begin implementing while cryptocurrencies already exist and besides temporary volatility are doing great.Mixed\u2026<\/p>","protected":false},"excerpt":{"rendered":"
Jerome Hayden Powell is the 16th chair of the Federal Reserve, who has held his position since 2018. Jerome has caught up to inflation after many [...]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/posts\/4800"}],"collection":[{"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/comments?post=4800"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/posts\/4800\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/media?parent=4800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/categories?post=4800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/ar\/wp-json\/wp\/v2\/tags?post=4800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}