Federal Reserve Chair Jerome Powell warned Wednesday that there is “no guarantee” the central bank will be able to bring inflation to heel without sacrifices in the job market, while reiterating policymakers’ aim to achieve a soft landing in their effort to rein in surging prices.
Speaking at the European Central Bank’s policy conference in Portugal, Powell said that supply and demand are “really out of balance in many parts of the U.S. economy,” and pointed to the labor market as “being a big example of that.”
He said those imbalances need to be evened out in order to bring inflation down.
Wall Street surveyed: When does the recession begin?
More bullshlt and theatre to feed the LIVs misdirection on what is the planned and engineered destruction of the economy’s of the West.
Powell is so bad in his job that he makes Janet Yellen look like a genius, and she was lousy when she ran the Fed.
Pure copium. The recession has already begun and the market will keep tanking until well into next year.
The Leftists have looted the Treasury in the same manner they re allowing scumbags to loot the retailers of San Francisco … stuff everything you can carry into the empty duffle bags. It’s just the elites are stealing $Trillions … looters are still playing in the $Millions.
Oh! And then you all get to go out of business again.
And after the deep recession … you’ll be BEGGING for an American Communist State. You’ll own nothing, eat bugs, and be happy. Or else.
So, no “Biden boom”?
Pampers & Biden Boom Depends out of stock.
Bloomers and Step-ins on back order.
No phone, no pool, no pets.
No shit.
More government incompetence, or, malevolence?
Imbalance in the heads of the idiots in DC is the problem.
An interesting video with Peter Zeihan on his new book. The end of the world is just beginning. Mapping the collapse of globalization. With Jason Hartman. China is toast in his opinion. Good analysis.
I have no idea why economists are “forecasting” a recession that obviously began in January.
Recession? More likely a depression. But then they’ll change the definition so it isn’t
As they say, economists have successfully forecast 9 out of the last three recessions.
The Biden boom is the sound of rectal prolapse.
This recession will last 3 years. It’s barely started.
There is still too much stupid money that must be destroyed. Housing, crypto, growth stocks and any company that is not significantly profitable needs to be devalued. And lots of bad debt needs to be written off.
The recession started the day Trump lost the fraudulent election. Enjoy the poverty coming your way folks.
No. Trump spent like there was no tomorrow. And he allowed the fed to continue to buy mortgages and to artificially suppress interest rates. He could have spoken out but didn’t. And yea the fed is independent of the executive branch. Now there are trillions of $ of fed held mortgage debt that has to be unwound. Best of a bad lot but better than most.