Jerome Powell simply chooses not to opine on fiscal policy. Congress chooses not to read the Fed’s reports.
The takeaway … Two times a year, the Chairman of the Board of Governors of the Federal Reserve System heads up to Capitol Hill to deliver a semi-annual report on the state of U.S. monetary policy to both chambers of Congress. You can almost guarantee that at least two representatives or two senators will ask … Continue reading Jerome Powell simply chooses not to opine on fiscal policy. Congress chooses not to read the Fed’s reports.