Fed Chairman Powell finds lowering rates too easy to swallow

Federal Reserve Chair Jerome Powell has been so eager to take credit for engineering an economic soft landing that he’s now made one much harder to achieve. His prediction this week that the next move in interest rates is likely to be down, rather than up, perpetuates his mistake. A little more restraint in recent months would have served the Fed chair, and the economy, much better. 

The Marshmallow Test is a psychological experiment designed to measure delayed gratification in children.