Brainard `83 Says Fed "In a Bind."

Colleges & Universities Wesleyan University
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Nice to see a familiar face while picking the charred ruins of my portfolio:

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She quoted Chairman Powell as saying that the recently announced tariffs were larger than expected and that inflation will probably precede any downturn in the economy. Ms. Brainard was a CSS major while at Wes.

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Impressive! Vassar has their own Vice Chair FYI.

Just saying😀

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What a commodious banking system we have!

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In the spirit of always trying to add value here on CC :wink:

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Thank you. I was embarrassed to ask given my assumption it had something to do with a portable toilet.

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That would be with reference to my portfolio. As in, “It’s in the crapper.”

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Minutes ago:

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Extra props for iconic film reference:

Brainard: My 17-year-old daughter is sending me “Ferris Bueller” Smoot-Hawley clips. It is really striking to see the increase in awareness in surveys of the connection between tariffs and high prices, and the surge in consumer inflation expectations is notable.
Opinion | ‘A Huge Negative Shock’: Three Experts Game Out Recession Odds and Economic Uncertainty - The New York Times

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