I guess we got the term "jawboning" from what Samson was able to accomplish with the jawbone of a donkey. The story was to make us ponder the power of words. Powell is aware of that power. Trump was aware of his power when he incited the Jan 6 deadly riot.
In summary, depending on the circumstances, words can break our bones just as can sticks and stones.
Maybe Powell's theory is that if he collapses a sufficient number banks, this will suck enough money out of the economy to tame inflation? ;)
I guess we got the term "jawboning" from what Samson was able to accomplish with the jawbone of a donkey. The story was to make us ponder the power of words. Powell is aware of that power. Trump was aware of his power when he incited the Jan 6 deadly riot.
In summary, depending on the circumstances, words can break our bones just as can sticks and stones.
So is it a good time to buy real estate? What if you have cash lying around which is losing value - what would you do?