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Non-Tech : Kirk's Market Thoughts

COHR 175.05

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Dec 16 3:59 PM EST

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To: GROUND ZERO™ who wrote (16499)	8/11/2023 9:51:12 AM
From: Kirk ©	2 Recommendations of 26780

As a moderate and fiscal conservative, I believe that Powell is far preferable at Fed chair than anyone Yellen (as Treasury Secretary), AOC, Warren and Sanders would have preferred. My guess is that the Biden string pullers believed a hard landing was coming and wanted someone they could blame on Trump (who put Powell in as Fed Chair) so they had Biden give Powell a second term with the promise to "stay in his lane" and not criticize White House fiscal policy that went against lowering inflation. Can you imagine how it would be today if he'd nominated former House Financial Services Committee chair, Maxine Waters, to fulfill his promise to put more women of color into high office? Maxine Waters - Wikipedia

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