Here is the problem: if Powell is too successful with monetary tools, what incen...

		pishpash on Nov 9, 2021 \| parent \| context \| favorite \| on: It’s mostly a demand shock, not a supply shock, an... Here is the problem: if Powell is too successful with monetary tools, what incentive does it leave the policy side to do anything at all? He isn't powerless to force policy action by holding the line, but understandably he's more interested in keeping his job.