Fetterman to Fed Chair Powell: ‘Do You Believe an Anecdote on Twitter About a Cookie That Costs $18?’

Fetterman: “So, it’s great to be here with you today. Now, I don’t know, maybe some people in America were talking about a cookie that was $18. And I was — I was alarmed and I hope we investigate that there is a cookie that costs $18. And do you believe that, an anecdote on Twitter about a cookie that costs $18? Is that reflective of our economy and where we’re at or not?”

Powell: “I certainly hope not. I don’t do much shopping these days but that sounds like a pretty expensive cookie.”

Fetterman: “And, now — and I believe that the American economy now is the envy of the world after everything right now, correct?”

Powell: “We are — yes, we are performing very well compared to our peer group.”

Fetterman: “Yeah, pretty great. And is it fair to say that the stock markets are all up at record highs, right?”

Powell: “Pretty close.”

Fetterman: “Yeah. And inflation has been pretty effectively addressed, right?”

Powell: “It’s been coming down sharply since the middle of last year, yes. We got a ways to go on that, but we’ve made a lot of progress.”

Fetterman: “And corporate profits are pretty robust, is that fair?”

Powell: “I believe it is.”

Fetterman: “Ok. Well, we can agree that — and don’t understand why more people seem to be talking about a cookie that costs $18, but that seems to be against the evidence as well.”