what's kind of hilarious is that Powell's mistake with keeping interest rates too low too long that got us to new highs has totally been worked out. look, here we are at new highs with interest rates up 400 bps from that time period and national debt at, well lets just say mmt may not be the answer, and the risk to banks and pension funds has apparently totally disappeared and the record level bankruptcies cant be that big a deal and 'personal debt at crazy highs and many businesses struggling. Ya wow, look at it go....makes perfect sense.
New sustainable highs....yay