The Crack

Zero rates during 9% inflation. High rates during 3% inflation. Powell's video can't explain why.

The frame holds for two minutes and seven seconds. Jerome Powell. Alone. No board members. No Treasury Secretary. No institutional buffer. Just the Federal Reserve Chair staring into a camera, addressing an entity the Fed has ignored for one hundred eleven years: the people.

Sunday night, January 11, 2026. Posted without notice. Powell’s face carries the…