Powell confirms that the Fed currently has negative income.
03/07/2023
https://congress.gov...
There are no new water features, there’s no beehives, and there’s no roof terrace gardens
Policy changes continue to evolve, and their effects on the economy remain uncertain.
I want to hand over to my successor an economy in good shape.
The threat of worsening inflation, plus the uncertainty Trump has generated through his trade war and immigration polici...