Jay Powell’s Federal Reserve: Protection for Bankers, Pain for Everyone Else

JPow is not an economist, he is a banker.

With the payment pause, student debt has effectively been cancelled for the last three years (and would you look at that, the world didn’t end…), so I’m very curious to find out how the economy will be impacted by millions of borrowers having their payments resume without relief (thanks SCOTUS!). My financial situation will go from “meh I’m in okay shape” to “I can’t afford anything anymore” overnight, so I won’t be participating in the economy nearly as much as I have been for the last three years.

this was always his plan though. squeeze the savings out of all the poors and back into the economy