Jay, Donald and the Fed.

<p>Still waters run deep. When Jerome Powell was appointed Fed Chairman two years ago, few expected anything outstanding from him. In fact, the current central bank turned out to be the most creative in history. He not only reanimated recession control programs created in 2008-2009, but also launched new ones. The problem is that no matter what the Federal Reserve does, the descendants will still have reasons for accusations. </p>
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<p> You can go into the story, or you can get involved. If before coronavirus, Jerome Powell was perceived as an object of criticism by Donald Trump, then the pandemic changed everything. Fed Chairman saved financial markets from hysteria. Real hysteria is when you feel so bad that it’s not even funny anymore. At extraordinary meetings of the Federal Reserve held in the form of video conferences, unprecedented decisions were made on a sharp reduction in the rate, on unlimited purchases of treasury and mortgage bonds, and on $ 2.3 trillion in m</p>