US Fed Res chief Jay Powell – impossible economic choices

The coming (already here) recession appears to be acutely sensitive ahead to the decisions of Jay Powell, Chairman of the US Federal Reserve, described by one of the broadsheets as ‘the most important person in the world right now.’ “Money makes the world go round —- and he has his hand on the most important lever.” Central banks are stuck between rock and a hard place forced to choose between increasing interest rates to bring inflation down but in so doing suppres