Their assignment was to do the best they can with about 1/4 the time and a tenth the budget and a script that's being written on the fly - and they did a good job, somehow!
The Central Bankers of the world will say two things plainly*:
They believe in the "independence of the central bank" from democracy: in absolute, unaccountable, private control the power to design and modify monetary policy
They believe in using this power to advance the ideological agenda that they believe established and maintains US/Western hegemony: namely, upward wealth redistribution resulting in ever-increasing wealth inequality.
It was a dishonest defense, because the Fed in its wisdom could have put the onus on Congress, and was choosing instead to dial up middle class misery and increase wealth inequality
Jerome Powell's comments above come within a few weeks of his testimony to Congress that rate hikes (resulting in accelerating inequality) were necessary
You might remember because of his contentious exchange with Elizabeth Warren in defense of layoffs in which he repeatedly defends putting people out of work as the Fed's "only" recourse (assuming a future in which Congress does not alter its approach to taxation)
Given the Fed has the power to independently and unaccountably fiddle with monetary policy, the Fed has as much power to say "No, we're not going to act, you should fix it on your end" as it does to say "Yes we'll handle that for you"
What it chooses to do is in fact: a choice. If you don't believe it's an ideological choice: you're not understanding why Central Bankers want to remain independent. (It's because they don't want democracy interfering with their agenda, these are their own words)
To be clear I think this essay basically concludes that while it may not be completely accurate to label Biden a fascist, it's more accurate to say that he is one than to say that he isn't. The ideas that historical fascists fused together to define their movements preexisted fascist armies and survived their destruction: to the extent that while fascist armies lost a military conflict, fascist philosophy won the 20th century
One of the more maddening seasonally recurring arguments of the 2020s is "you're the fascist!" "no, YOU'RE the fascist!"
This video doesn't offer a direct answer to the community's discussion today except that it does offer a critical, scholarly understanding of the ideology, and watching it all the way through will bolster your confidence while making your argument
Zoom's CEO is telling everyone that he wants to invent AI "twins" that you can send to your Zoom meetings on your behalf, which is a startlingly honest assessment of the value of a Zoom meeting