Damus
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NEW: Powell is asked about the surge in gold and Bitcoin, with the moderator noting Greenspan once viewed gold as a gauge of inflation risk.

He dodges, saying he “won’t comment on a particular asset price” and that “inflation is driven by supply and demand.”

71❤️8🤙1
pup · 22w
"Inflation is always and everywhere a monetary phenomenon." -Milton Friedman
Dug · 22w
Supply and demand is supply and demand, inflation is a different kettle of fish entirely.
Kurtis Stirling ⚡🏴󠁧󠁢󠁳󠁣󠁴󠁿 🇳🇿 · 22w
"Inflation is supply and demand" is a semantic distraction. Printing money is the only root cause of inflation and pointing to things that slow or speed up the impact is a way to hide the crime.
MoriYuzaa · 22w
You can tell didnt want to repeat his favorite word!
Sean · 22w
😂
Toby McMann · 22w
Denial ain't just a river in Egypt!
Casey R · 22w
Who cares?