"In a global economy, people who can work with and benefit from technology, there's no limit on the number of those people who can be working in the United States."
Did Jay Powell just come out for open borders?
Did Jay Powell just come out for open borders?
"Central banks have learned how to keep inflation under control - we know how to do that. But that is not a problem for this time, as near as I can figure. And if it does turn out to be, we have the tools that we need."
Senator Rounds: "The chairman has said that banks should do more to support workers and the broader economy. But they can't do that when we're tying their hands with excessive and challenging capital requirements." On the one hand, it's comically obvious special pleading. But...
... on the other hand, he inadvertently is making a valid point, that there is no real line between financial regulation and monetary policy proper. Either way, you're pushing for either more lending or less.
I must say also, that having on a few occasions written questions for these things, I'm very conscious of how/if they work in the senator's voice. There's an art to putting this material in a form that sounds natural when someone reads it - it's a bit like children's books.
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