Fed’s Powell delivered ‘most counterproductive press conference’ in memory: Larry Lindsey

MarketWatch/Isabel Wang/2-7-2023

“Lawrence Lindsey, former Federal Reserve Governor and chief executive officer at The Lindsey Group, said the central bank’s benchmark interest rates are not restrictive enough to battle the highest price pressures in 40 years.”

USAGOLD note: Chairman Powell referred to ‘disinflation’ a number of times in that press conference which raised more than a few eyebrows. A few days later, the jobs report was released, and it was anything but disinflationary. In fact, many worried it reflected high inflation coursing through the economy.