The Fed Still Has a Powder Keg at Its Disposal: Brian Chappatta

(Bloomberg Opinion) -- The Wall Street Journal’s editorial board published a column last week titled “The Fiscal Federal Reserve,” which admonished Chair Jerome Powell for imploring the U.S. Congress to do more to aid out-of-work Americans, struggling small businesses and strapped state and local governments. “Powell signs up to monetize trillions of dollars in more spending,” they wrote.
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In many ways, Powell and his colleagues have actually been relatively restrained in their messaging. They could be much more forceful — the only question is whether they want to open that potential Pandora’s box.

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