David Sacks: Jerome Powell has been “intensely political” as Fed Chair

Pal has been intensely political. I think Trump is right to be frustrated. Let's just go back through the history.In the summer of 2021, we got that 5% shock inflation print. And it was pal who played along with Biden and Yellen that this was transitory. And that transitory narrative they used to basically avoid any change of policy for 6 months.Now, what was the importance of that timing. Well, Pal was renominated for a second term by Biden on November 22nd, 2021. So in other words, he went along with this ...