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One of the questions that was asked was about the "lock-ins" bringing rates down lower in the future. Powell responded saying he has no intention to bring rates down to the level that the reporter was asking...however Powell did say that "in an emergency like the pandemic or during the global financial crisis, you have to cut rates...you have to do what you can to support the economy, so i wouldnt think that that would be a reason not to do that. It's not something we are thinking about at all right now, but down the road i wouldnt think so."
What does this mean?! Is he subliminally telling everyone that if the FED were to cut rates, it would be in the midst of another crisis similar to the pandemic and GFC?!...or is he foreshadowing that the pause this FED meeting was setting up for another crisis to allow them to cut rates.
The response was out of left field, and convenient that he brings this topic up, when the last two months the new convid strain has been seeking attention.
"Who controls the food supply controls the people; who controls the energy can control whole continents; who controls money can control the world."
( Henry Kissinger)