3 years ago

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Federal Reserve just concluded their September meeting, gave their press release, and Powell is increasingly sounding like the new Volcker. In fact, he said in the statement, “We will keep at it until the job is done, giving an echo back to Volcker, keeping at it”.

Echoing the title of Paul Volcker's biography, ‘Keeping at it’, and Volcker's legacy of crushing inflation in the seventies by continuously raising rates until the job was done.

Timecodes
0:00 Video Overview
0:31 Intro
0:39 Markets Move From 75 Point Hike
2:12 Monetary Policy Implementation
4:44 Powells Answers to Our Problem
9:37 Outro

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