>Arthur F. Burns is known as the Federal Reserve chairman who failed to stop surging inflation in the 1970s, resulting in America’s worst economic downturn since the Great Depression.>>21358007>>21358015>>21358026>>21358034>to assume personal motivesWhat the 'assumption'?
Powell did the same exact thing in 2018 - he buckled to the external pressure
He is a weak man, who follows orders, and doesn't do what needs to be done in order to kill inflation
>rely on past policy errors to explain why it will be the sameIf you repeat the same exact mistakes, you should not expect different outcomes
>Monetary policy has changed a lot since the 70s specifically to avoid a repeat.Tell me anon, tell me how the Fed's tools have changed since the 70s. I'll wait..
>inb4 BTFP 