[mywittyname]

> Powell is much more honest than his predecessors in this regard.

I disagree pretty heavily here. Yellen was always honest about the need for monetary policy which would be politically unsavory (which is why her term wasn't renewed). Her delivery was very much designed not to "spook the markets" but I think part of the reason she scared the markets was that she favored long-term stability.

Her words as Treasury Secretary aren't exactly sugar coating things. She's been saying that the impact of the Russian sanctions are going to hurt American as well, and that inflation is probably here to stay in the medium term at least (she's long held the belief that high inflation is an acceptable tradeoff for low unemployment). Granted, those statements are followed up with "we are working on a solution"-type statements, but I don't see many promises.