re: Powell: Fed can maintain higher rates for "as long as needed"

I also truly think the old croons in the FED do not understand the purchasing behaviors of the new generation. Saving money is not a priority for the younger generations as they have pretty well accepted they will be working until they're 70+ with no social security to rely on and they also live in the keeping up with the Jones of social media society that promotes immediate satisfaction of purchases. In short debt is something everyone lives with and we'll figure it out later as long as we can make our monthly payments