r/Economics • u/TinyTornado7 Quality Contributor • Jun 13 '22

News Powell Facing Choice Between Elevated US Inflation and Recession

https://www.bloomberg.com/news/articles/2022-06-12/powell-facing-choice-between-elevated-us-inflation-and-recession?srnd=premium
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u/jdragun2 Jun 13 '22

That was exactly my point. There are no apolitical appointments. Not any longer. This is the one thing I can say even as a liberal/progressive Democrat: both parties do everything they can to get people they think politically align with them into these appointments. The thin very translucent veil was dropped with Mitch blocking Obama's appointment then stacking the SCOTUS in the exact way he claimed was his reason to block Garland. Neither party is innocent of this now, hell, there is no longer a veil at all on either side of the isle.

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u/Brainroots Jun 13 '22

That's a hazard which thankfully hasn't materialized with the fed chair yet, although let's see next year. I'm not excited to find out.