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DAVID SACKS: “[Jerome Powell] went along with this whole ‘transitory’ narrative to get re-nominated by Biden … and it's the only reason he's in the job right now. It caused an asset bubble in 2021, and it caused the 9% inflation that we had the following year.”

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351,150 görüntüleme • 11 ay önce •via X (Twitter)

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David Sacks: Jerome Powell has been “intensely political” as Fed Chair Sacks: “Powell has been intensely political. I think Trump is right to be frustrated.” “Let's just go back through the history. In the summer of 2021, we got that 5% shock inflation print.” “And it was Powell who played along with Biden and Yellen that this was transitory.” “And that transitory narrative they used to basically avoid any change of policy for six months.” “Now, what was the importance of that timing?” “Well, Powell was renominated for a second term by Biden on November 22nd, 2021.” “So, in other words, he went along with this whole transitory narrative to get renominated, and then a week later on November 30th, he said it was time to retire the word transitory.” Jason: “ Do you think that was incompetence, or do you think that was political, Sacks?” Sacks: “ It was obviously political because think about it, if Powell had stood up and said, ‘No, I think Biden and Yellen are wrong, and this isn't transitory,’ it would've been contradicting the Biden Administration and it probably would've cost him getting renominated for a second term.” “And it caused an asset bubble in 2021, it caused the 9% inflation that we had the following year, and it caused the crash that we saw in 2022 and 2023.” “ Let me give you another one. Powell started the rate cutting cycle last fall with a 50 basis point cut right before the election shortly after Elizabeth Warren sent him a letter demanding a cut.” “ The bottom line here is Elizabeth Warren was saying that Powell needed to cut dramatically when inflation was at 2.5%.” “ Now, Elizabeth Warren is saying that Powell needs to stand up to Trump and not cut rates.” “So you can see the hypocrisy.”
1:35

David Sacks: Jerome Powell has been “intensely political” as Fed Chair Sacks: “Powell has been intensely political. I think Trump is right to be frustrated.” “Let's just go back through the history. In the summer of 2021, we got that 5% shock inflation print.” “And it was Powell who played along with Biden and Yellen that this was transitory.” “And that transitory narrative they used to basically avoid any change of policy for six months.” “Now, what was the importance of that timing?” “Well, Powell was renominated for a second term by Biden on November 22nd, 2021.” “So, in other words, he went along with this whole transitory narrative to get renominated, and then a week later on November 30th, he said it was time to retire the word transitory.” Jason: “ Do you think that was incompetence, or do you think that was political, Sacks?” Sacks: “ It was obviously political because think about it, if Powell had stood up and said, ‘No, I think Biden and Yellen are wrong, and this isn't transitory,’ it would've been contradicting the Biden Administration and it probably would've cost him getting renominated for a second term.” “And it caused an asset bubble in 2021, it caused the 9% inflation that we had the following year, and it caused the crash that we saw in 2022 and 2023.” “ Let me give you another one. Powell started the rate cutting cycle last fall with a 50 basis point cut right before the election shortly after Elizabeth Warren sent him a letter demanding a cut.” “ The bottom line here is Elizabeth Warren was saying that Powell needed to cut dramatically when inflation was at 2.5%.” “ Now, Elizabeth Warren is saying that Powell needs to stand up to Trump and not cut rates.” “So you can see the hypocrisy.”

The All-In Podcast

235,857 görüntüleme • 11 ay önce

Jerome Powell misread inflation under Joe Biden, and he's misreading it now under President Trump. 1) During the Biden administration, when Tennesseans were struggling with skyrocketing Bidenflation, the Fed Chair claimed inflation was just "TRANSITORY," a short-term pain. 2) It turned out to be the opposite, and Americans are still suffering from Biden's HISTORIC 9% inflation. 3) Fast forward to today: President Trump has already brought inflation DOWN to 2.7%, yet Chairman Powell's refusal to lower interest rates is hurting American taxpayers and consumers.
1:58

Jerome Powell misread inflation under Joe Biden, and he's misreading it now under President Trump. 1) During the Biden administration, when Tennesseans were struggling with skyrocketing Bidenflation, the Fed Chair claimed inflation was just "TRANSITORY," a short-term pain. 2) It turned out to be the opposite, and Americans are still suffering from Biden's HISTORIC 9% inflation. 3) Fast forward to today: President Trump has already brought inflation DOWN to 2.7%, yet Chairman Powell's refusal to lower interest rates is hurting American taxpayers and consumers.

Congressman John Rose

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I spoke with David Lin about Trump's misguided ideas about inflation: "Inflation is always and everywhere a monetary phenomenon. It's caused by changes in the money supply. Trump wants the Fed to loosen monetary policy. This is wrong-headed. It will just stoke inflation."
0:48

I spoke with David Lin about Trump's misguided ideas about inflation: "Inflation is always and everywhere a monetary phenomenon. It's caused by changes in the money supply. Trump wants the Fed to loosen monetary policy. This is wrong-headed. It will just stoke inflation."

Steve Hanke

14,535 görüntüleme • 27 gün önce

The Fed kept rates near zero and printed trillions during the early days of the Biden administration, juicing asset prices and fueling the highest inflation of my adult lifetime. President Trump has every right to criticize Jerome Powell — especially when the Fed's refusal to lower interest rates, now that Biden's 9% inflation has eased, is hurting American taxpayers and consumers.
2:04

The Fed kept rates near zero and printed trillions during the early days of the Biden administration, juicing asset prices and fueling the highest inflation of my adult lifetime. President Trump has every right to criticize Jerome Powell — especially when the Fed's refusal to lower interest rates, now that Biden's 9% inflation has eased, is hurting American taxpayers and consumers.

Congressman John Rose

11,929 görüntüleme • 6 ay önce

"It's kind of weird that Jerome Powell is out there opining on the tariffs. His job is to help stabilize the economy. And it seems weird he's not doing it."
1:15

"It's kind of weird that Jerome Powell is out there opining on the tariffs. His job is to help stabilize the economy. And it seems weird he's not doing it."

Nick Adams

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.Vice President JD Vance corrects the record for Joy Behar: "What President Donald J. Trump said is the idea that Republicans caused the affordability problem is a 'hoax' — and I think that's true. If you go back to the Biden administration, inflation got up to 9% under the Biden administration. Right now, it's at 3.5% — by the way, too high... we inherited an affordability problem. We're doing a lot to make it better."
2:20

.Vice President JD Vance corrects the record for Joy Behar: "What President Donald J. Trump said is the idea that Republicans caused the affordability problem is a 'hoax' — and I think that's true. If you go back to the Biden administration, inflation got up to 9% under the Biden administration. Right now, it's at 3.5% — by the way, too high... we inherited an affordability problem. We're doing a lot to make it better."

Rapid Response 47

330,089 görüntüleme • 1 ay önce

Stanley Druckenmiller said what many think about Jerome Powell but won’t say out loud. “The Fed’s job is to avoid big mistakes — like the massive inflation we just had. Powell is obsessed with engineering a soft landing and protecting his legacy. But the only reason we even need a landing is because they let inflation run from 2% to 9%. This Fed shows again and again that they think changing their mind means losing credibility.” Powell didn’t save the economy. He helped create the mess.
1:59

Stanley Druckenmiller said what many think about Jerome Powell but won’t say out loud. “The Fed’s job is to avoid big mistakes — like the massive inflation we just had. Powell is obsessed with engineering a soft landing and protecting his legacy. But the only reason we even need a landing is because they let inflation run from 2% to 9%. This Fed shows again and again that they think changing their mind means losing credibility.” Powell didn’t save the economy. He helped create the mess.

Daniel

648,344 görüntüleme • 6 ay önce

Rep. Brendan Boyle: "The Fed Chair, Mr. Powell, is exactly right—it's Trump's tariffs that have caused this inflation crisis over the course of this year. I really can't add anything to what the Federal Reserve chair, who is a Republican and was appointed by Trump himself, said."
1:18

Rep. Brendan Boyle: "The Fed Chair, Mr. Powell, is exactly right—it's Trump's tariffs that have caused this inflation crisis over the course of this year. I really can't add anything to what the Federal Reserve chair, who is a Republican and was appointed by Trump himself, said."

Home of the Brave

13,560 görüntüleme • 7 ay önce

This is exactly what I’ve been trying to say for the past year and a half. The main cause of inflation has nothing to do with Joe Biden. The inflation that we saw in 2022 and 2023 is mostly caused by the supply shock we saw due to COVID, and the workforce shortage that we endured due to COVID. When supply is held low and demand jumps due to COVID subsiding, prices have no where to go but up. Today Federal Reserve Chairman Powell confirmed this. Don’t believe me, listen for yourself.
1:06

This is exactly what I’ve been trying to say for the past year and a half. The main cause of inflation has nothing to do with Joe Biden. The inflation that we saw in 2022 and 2023 is mostly caused by the supply shock we saw due to COVID, and the workforce shortage that we endured due to COVID. When supply is held low and demand jumps due to COVID subsiding, prices have no where to go but up. Today Federal Reserve Chairman Powell confirmed this. Don’t believe me, listen for yourself.

Ed Krassenstein

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Pres. Trump: "We have very little inflation... [With] Biden, oil went through the roof, that's what caused our problem." WRONG. Oil shocks were NOT the cause of inflation. Inflation is always preceded by a SURGE in the money supply. INFLATION = MONETARY PHENOMENON.
0:34

Pres. Trump: "We have very little inflation... [With] Biden, oil went through the roof, that's what caused our problem." WRONG. Oil shocks were NOT the cause of inflation. Inflation is always preceded by a SURGE in the money supply. INFLATION = MONETARY PHENOMENON.

Steve Hanke

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Democrats told us inflation would be “temporary.” In reality, prices rose 20.7% under Joe Biden. Reckless spending under the Democrats caused inflation, and the American people know it.
1:47

Democrats told us inflation would be “temporary.” In reality, prices rose 20.7% under Joe Biden. Reckless spending under the Democrats caused inflation, and the American people know it.

Christian Collins

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Lori Chavez-DeRemer: "Jerome Powell should be embarrassed by this report because he has not done his job. The president was right in 2016 and the president is right now."
0:45

Lori Chavez-DeRemer: "Jerome Powell should be embarrassed by this report because he has not done his job. The president was right in 2016 and the president is right now."

Aaron Rupar

47,426 görüntüleme • 10 ay önce

Threadguy explains why ZEC is one of the only attractive crypto asset to him right now “It's marketcap is only $8B, it's pennies. It's shown the ability to pump like no other" "It has the institutional love, people are doing the DATs, the Winklevoss twins are coming in. It has this privacy narrative, which I think is giga undervalued, and it is the antithesis of the Bitcoin narrative” “I’m in the business of narratives and trading charts. The narrative says it’s quantum resistant and it’s everything Bitcoin is not. I look at the chart and it looks like this is a once-in-a-year setup”
1:15

Threadguy explains why ZEC is one of the only attractive crypto asset to him right now “It's marketcap is only $8B, it's pennies. It's shown the ability to pump like no other" "It has the institutional love, people are doing the DATs, the Winklevoss twins are coming in. It has this privacy narrative, which I think is giga undervalued, and it is the antithesis of the Bitcoin narrative” “I’m in the business of narratives and trading charts. The narrative says it’s quantum resistant and it’s everything Bitcoin is not. I look at the chart and it looks like this is a once-in-a-year setup”

Mikli

89,788 görüntüleme • 2 ay önce

Jeffries: But in every other shutdown that Republicans have caused, funding for women, infants and children, their health, their nutrition and their well-being was maintained. The reason why the trump administration is threatening now to cut funding for women, infants and children, is because they can't stand that program. So all this talk that we see right now, as if it has anything to do with the shutdown that Republicans have caused, no, it's their ideology. Cruelty is the point
1:43

Jeffries: But in every other shutdown that Republicans have caused, funding for women, infants and children, their health, their nutrition and their well-being was maintained. The reason why the trump administration is threatening now to cut funding for women, infants and children, is because they can't stand that program. So all this talk that we see right now, as if it has anything to do with the shutdown that Republicans have caused, no, it's their ideology. Cruelty is the point

Acyn

27,016 görüntüleme • 10 ay önce

🇺🇸DAVID SACKS: BITCOIN IS SPECIAL “Bitcoin is the original cryptocurrency - it’s the only one that doesn't have an issuer; it's very decentralized. It has a $2 trillion market cap and it's the most secure - it's never been hacked. We're now over 15 years into this journey, and there's been a lot of people who've been skeptical along the way, and there's been a lot of ups and downs, but here it is.” Source: The All-In Podcast, David Sacks
1:26

🇺🇸DAVID SACKS: BITCOIN IS SPECIAL “Bitcoin is the original cryptocurrency - it’s the only one that doesn't have an issuer; it's very decentralized. It has a $2 trillion market cap and it's the most secure - it's never been hacked. We're now over 15 years into this journey, and there's been a lot of people who've been skeptical along the way, and there's been a lot of ups and downs, but here it is.” Source: The All-In Podcast, David Sacks

Mario Nawfal

446,397 görüntüleme • 1 yıl önce

On today’s Uncovered, I talked about how the seeds of what happened yesterday were planted in 2021-23 with many examples. Here I talked about how they built the narrative around gas & eggs that Biden caused inflation.
2:51

On today’s Uncovered, I talked about how the seeds of what happened yesterday were planted in 2021-23 with many examples. Here I talked about how they built the narrative around gas & eggs that Biden caused inflation.

Ron Filipkowski

151,980 görüntüleme • 1 yıl önce

Vance: If you look at every affordability crisis confronting the American people today, it is traceable directly to a problem caused by Joe Biden and congressional Democrats. We had 20 million illegal aliens in this country taking homes that ought by right go to American citizens.
0:46

Vance: If you look at every affordability crisis confronting the American people today, it is traceable directly to a problem caused by Joe Biden and congressional Democrats. We had 20 million illegal aliens in this country taking homes that ought by right go to American citizens.

Acyn

607,998 görüntüleme • 7 ay önce

Powell: Goods inflation—for many years it was negative, the year before tariffs came in, it was 0 and it's running at like 2% now
1:43

Powell: Goods inflation—for many years it was negative, the year before tariffs came in, it was 0 and it's running at like 2% now

Acyn

28,573 görüntüleme • 4 ay önce