Global central bankers defend Fed's Powell after Trump threat

[bucolic_frolic]

1. Powell has been the best Fed Chair in my lifetime

He's exceeded transparency, performance, policy, sanity. He's not been some hidden Money God that no one can understand. He's met with politicians, and talked about it. But of course he's not equated euphemisms for QE1-2-3, Twist, T-Bond purchases with de facto devaluation of the US Dollar.

All currencies are losing purchasing power which is to say devaluation. Came across a statistic that the French Franc lost 89% of its value between 1960 and 1989. 89%!!!

Trump could have saved all the value of the US penny by devaluing the dollar 5 to 1. That would have drained the swamp. Instead we're headed in the other direction.