ZH – “Stocks Puke As Fed Chair Powell Raises Specter Of Stagflation, Awaiting “Greater Clarity””

https://www.zerohedge.com/political/watch-live-fed-chair-powell-state-economy

The mandate of Price Stability (aka skimming productivity via int. rate policy) OK, however “Full Employment” – the Fed, Inc.  has little interest in.

“Right now, the labor force participation rate is 62.7%, down from 63.3% in February 2020 and 67.2% in January 2001.”   << last time it was this low was March 1977 >>.

https://www.uschamber.com/workforce/understanding-americas-labor-shortage

Since the 70’s recruitment of women, US adults have become tapped and family structure has fallen apart, so where are the new batteries going to come from –  Gen Z? NGO/UN imports?  Maybe part of the goal of tariffs is to put Powell and the Fed in the spotlight to show they have ZERO sovereign loyalty (surprise).   Janet Yellen said US manufacturing is a ‘pipe dream’ and will remain so.