Even Powell Admits It's Unfixable

By Eric Peters, CIO of One River Asset Management

“The prices of some things will decline. Others will go up. But we don't expect to see a decline in the overall price level,” said Powell, Nvidia stock hitting new highs, its market cap soaring to $1.78trln.

“That doesn't tend to happen in economies, except in very negative circumstances. What you will see, though, is inflation coming down,” explained the Fed Chairman, the average American neither understanding nor caring about the nuance.