Powell's actions in 2018 (attempting to raise rates and tighten policy) caused such severe market dysfunction that he was forced to reverse course by 2019, demonstrating that markets cannot tolerate rate increases even in the best conditions.
factualpending
Speaker
Matthew PiepenburgEvidence Quote
“He tried that in 2018 we have short memories throughout 2018 they tried to tighten and raise rates throughout 2018 it was a disaster markets tank by 2019 we went into a pause and a pivot”
Created: 8/10/2026, 11:02:52 PM
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