Wall Street and Washington Are Teaming Up—Again The pressure’s on Jerome Powell, and not the kind that comes from moral responsibility or economic stewardship. No, this pressure is from high above—from Wall Street’s skyscraper boardrooms and the Oval Office itself, both demanding another hit of monetary heroin. These are the same power players who have been pumping for easy money policies since the 1980s, ever since the Greenspan Put made market failure illegal. Now they want Powell to cave again. Their demand is clear: lower interest rates, flood the markets, and keep the S&P juiced for another cycle of asset inflation. The pretense? That it’ll help employment. The truth? They don’t give a damn about your job. They want number-go-up…
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