Please purchase a Premium Subscription to continue reading.
To continue, please log in, or sign up for a new account.
We offer one free story view per month. If you register for an account, you will get two additional story views. After those three total views, we ask that you support us with a subscription.
A subscription to our digital content is so much more than just access to our valuable content. It means you’re helping to support a local community institution that has, from its very start, supported the betterment of our society. Thank you very much!
Please log in, or sign up for a new account to continue reading.
Thank you for visiting the Daily Journal. We hope that you continue to enjoy our free content.
Please log in, or sign up for a new account and purchase a Premium Subscription to continue reading.
Please purchase a Premium Subscription to continue reading.
Your current subscription does not provide access to this content.
Support the Peninsula’s only locally-owned newspaper. Subscribe!
Subscribing annually brings you big savings. We also offer monthly and weekly subscriptions.
Premium Subscription
As low as $8.25 per week
Premium Includes:
-- Access to the Daily Journal’s e-Edition: a digital replica of our daily newspaper including crossword puzzles, games, comics, classifieds and ads. You can download a digital replica of the Daily Journal for offline reading. You can also clip & download articles or images from the e-edition to share with others The most recent 90 issues are available at any given time.
-- Unlimited access to our award-winning online content
-- Commenting access on all stories as a valued member of the DJ community
-- NEW! Access to our online-only digital crossword puzzle. A new puzzle every day, seven days a week!
| Rate | Price | Duration |
|---|---|---|
| 1 Year | $99.00 | for 365 days |
| 1 Month | $20.00 | for 30 days |
| 1 Week | $8.25 | for 7 days |
Support the Peninsula’s only locally-owned newspaper. Subscribe!
Subscribing annually brings you big savings. We also offer monthly and weekly subscriptions.
DJ Basic Subscription
As low as $5 per month
Basic includes:
-- Unlimited access to our award-winning online content
-- Commenting access on all stories as a valued member of the DJ community
What you're missing -- Additional features available only with the Premium level:
-- Access to the Daily Journal’s e-Edition: a digital replica of our daily newspaper including crossword puzzles, games, comics, classifieds and ads. You can download a digital replica of the Daily Journal for offline reading. You can also clip & download articles or images from the e-edition to share with others The most recent 90 issues are available at any given time.
-- NEW! Access to our online-only digital crossword puzzle. A new puzzle every day, seven days a week!
All for as low as $8.25 per month.
| Rate | Price | Duration |
|---|---|---|
| 1 Year | $60.00 | for 365 days |
| 1 Month | $12.00 | for 30 days |
| 1 Week | $5.00 | for 7 days |
Editor,
Regarding “Powell’s anti-Trump bias” (Aug. 14 letter) — for some average person writing letters to the Daily Journal to think that they, or even Trump, know more than Jerome Powell about the intricacies of fiscal planning is simple-minded. It’s a delicate balancing act. There is a fine line between stimulating the economy and inducing inflation.
Trump is only interested in what makes him look good, as a drop in interest rates would — at first — unless inflation kicks in, when he’d find a way to blame Powell for that too. Because of course nothing is ever Trump’s fault. It is impossible for him to be wrong, and anyone who disagrees with Trump is biased. But seriously, there is a reason the markets fell when Trump made noises about firing Powell (or trying to, when there would be significant legal barriers).
It was because the smart money is aware that Powell knows what he’s doing, while Trump has little clue, or little care, about the possible longer-term ramifications of actions by the Federal Reserve.
Brian Wright
Belmont
Please purchase a Premium Subscription to continue reading.
To continue, please log in, or sign up for a new account.
We offer one free story view per month. If you register for an account, you will get two additional story views. After those three total views, we ask that you support us with a subscription.
A subscription to our digital content is so much more than just access to our valuable content. It means you’re helping to support a local community institution that has, from its very start, supported the betterment of our society. Thank you very much!
Only subscribers can view and post comments on articles.
Already a subscriber? Login Here
(2) comments
Yea, there's that about Trump. But if he can stop the war in Ukraine he can pat himself on the back allthe wants.
Thanks for your letter, Mr. Wright, but it’s interesting you attempt to demean people writing letters to the DJ by positing, “that they, or even Trump, know more than Jerome Powell about the intricacies of fiscal planning is simple-minded,” and yet here you are, doing exactly that. I didn’t realize you were a former Fed Board Member and I definitely know you were never POTUS. I appreciate your segue into yet another “orange man bad” rant but as usual, I’ll add it to the round file. BTW, have you come to terms with the “insurrection” that never was?
Welcome to the discussion.
Log In
Keep the discussion civilized. Absolutely NO personal attacks or insults directed toward writers, nor others who make comments.
Keep it clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
Don't threaten. Threats of harming another person will not be tolerated.
Be truthful. Don't knowingly lie about anyone or anything.
Be proactive. Use the 'Report' link on each comment to let us know of abusive posts.
PLEASE TURN OFF YOUR CAPS LOCK.
Anyone violating these rules will be issued a warning. After the warning, comment privileges can be revoked.