Re: Inflation/USD/Oil - The Return of PP and the Coming of PPPP.

Pusillanimous Powell is back, and he's about to make a Policy Error -- not from being "Too Late" but being "Too Early." This post covers ramifications of Pusillanimous Powell's Premature Pivot - PPPP.

I had a friend who used to call JPOW “P*ssy Powell” given his needless juicing of the Post-COVID economy in 2021 with continued massive QE on top of massive Fiscal Support — long after the economy had not only recovered but after asset bubbles had formed all over the place. Remember NFTs?

I have a less pejorative moniker for JPOW now but the spirit remai…