Semiconductor decoupling. Powell’s politics. Industrializing Ogaden. Free trade and the Magna Carta.

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Feliks Topolski, 1907-1989 8th Army’s Front, Italy 1944

Semiconductor decoupling

Source: FT

One thing that Jerome Powell deeply understood is that chairing the Fed under current conditions is a deeply political job.

“Powell has successes and mistakes to his name. But he stands out as having thought more carefully about the Fed’s democratic legitimacy than any chair since Paul Volcker,” said Paul Tucker, a former deputy governor at the Bank of England, referring to the Fed chair who successfully fought the great inflation of the 1970s

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