Biden is giving Powell 'carte blanche' because Biden got blamed for inflation, removing political pressure that existed under Trump; without Twitter attack pressure, Powell has more room to pursue aggressive tightening, though political pressure will likely re-emerge when unemployment rises in 2023-24.
factualpending
Speaker
David RosenbergEvidence Quote
“Biden's But Biden Biden is is giving him carte blanche cuz of course Biden got blamed for the inflation.”
Source
DoubleLine Round Table Prime, 2023 - Part 1: Macroeconomic State of Play 1-4-23— DoubleLine CapitalCreated: 8/11/2026, 1:33:48 AM
My Notes
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