He might be aware of “the lag” on tightening impacts, but what he’s not being asked is the impact of rolling debt at an interest expense at least 5X higher than 2 years ago. Especially with the amount of maturing debt (and accelerating expenses) happening in the coming 2 years..
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So I’m not the only one to forget that pesky @ 😂
Lummis asked him, and he simply said it’s not his job to care about that, in some other words. And he’s kind of right.
Yes, what were all those soft questions? Only 1 person came close to putting the screws to him regarding paying for the increased debt maintenance.
I did like Powell's response to the trillion-dollar coin issue, however.
