
Pathfinder|Jul 25, 2025 19:06
You can't even calculate the cost of decorating a headquarters. Faced with the dynamic changes in the real world, you only know how to explain afterwards and conduct model backtesting. What confidence do you have to tell the public: should interest rates be lowered and when
This statement is very good.
Under Powell's leadership, the Federal Reserve cannot even afford a simple renovation, with delays and budget overruns.
Why do many people think Powell's interest rate policy is right, appropriate, and suitable?
I even feel that the cost of decoration has been rising and rising again, making Powell feel that inflation is too high and cannot be lowered?
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