With his latest hurrah today, combined with the Jackson Hole speech, he has confirmed that he is coming after your money. He wants your blood, and your meat. The dragon was inflation, but it got away. Powell is the tribal leader with the axe. Now you, as Dennis Quaid, are the 401K holder.
Inflation response = higher interest Higher interest = lowering prices Higher interest payments accumulates capitol Capitol increasing as prices decrease Tipping point = recession ends