JEROME POWELL: The federal reserve stands committed to our target of two percent inflation.
nostr:nevent1qvzqqqqqqypzqgd5rygzm28upw5sfp9wey6t74dh408htmkm8yfyart4ujglgxj7qyghwumn8ghj7mn0wd68ytnhd9hx2tcppemhxue69uhkummn9ekx7mp0qqsdm98an8v9y2rnygl0c7vp6yjn847pvpm7ln8azzn36u2kzaklmtc6qvrvx
Translation: we are committed to making you poorer at a lower rate than now
nostr:nevent1qqs9des7d56tdxss649kxyyj8l78gd9js66lwf027g32y60r8zpjr8spz4mhxue69uhhyetvv9ujuerpd46hxtnfduhsygppksv3qtdgls96jpyy4mynf064k74u7a0wmvu3yn5dwhjfraq6tcpsgqqqqqqsxfq3q3
At what point does the machine actually grind to a halt?
Last year's bank failures really didn't do much compared to 2008.