It's amazing how people still believe govts are central to everything, economy, markets, currencies, etc. They don't matter. Stimulus never stimulates (have to keep doing it over and over), FX interventions do nothing. China is proving bazooka failure and India with FX. INR crashing right back to record lows again despite RBI with a major intervention barely two weeks ago. So of course media says it's Jay Powell's fault. Everything is attributed to a govt one way or another. RBI doesn't matter. Jay Powell doesn't matter. The public sphere has to keep up the pretense even when it's plainly obvious this is all just theater. This is the Euro$s world (for now) and everyone is along for the ride - esp central bankers. Who do you think actually makes Pringles? Made from real Euro$s.