General Electric's downgrade in October 2018 (Halloween 2018) prompted Powell's policy pivot toward unlimited QE, signaling that he realized the credit market was bigger than him and could not be controlled through conventional policy tools
causalpending
Speaker
Danielle DiMartino BoothEvidence Quote
“the days that followed General Electric getting downgraded Halloween of 2018 and that prompted his pivot just a few months later”
Created: 8/10/2026, 11:15:50 PM
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