Fed's Powell says he does not think US economy is in a recession

Guard Dad said:
And they raised rates another .75%, which I think is a mistake.

www.foxbusiness.com

Fed's Powell says he does not think US economy is in a recession

Federal Reserve Chairman Jerome Powell said Wednesday that the strong labor market likely means the U.S. economy is not in a recession, despite growing fears.
www.foxbusiness.com www.foxbusiness.com
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The Carter administration thought this trick would work. They would raise it, then raise it again and again. Next thing you know, interest rates are double digits and nobody is buying real estate property or cars. Unemployment skyrocketed to double digits. I see where this is going today.
 
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Part of me thinks at least the money in my savings account will make some interest finally. I don't have any debt, so higher interest rates give me more in returns.

But I think the perfect storm of everything wrong at once will mean loss of jobs, huge recession, if not stagflation.

The war on Oil is what this is about in addition to all the money they keep spending in the name of social equity.
 
Far West said:
Part of me thinks at least the money in my savings account will make some interest finally. I don't have any debt, so higher interest rates give me more in returns.

But I think the perfect storm of everything wrong at once will mean loss of jobs, huge recession, if not stagflation.

The war on Oil is what this is about in addition to all the money they keep spending in the name of social equity.
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When you print trillions of dollars and pass it out to people to stay home and not work, you can't help but see inflation and then rapid recession. They are doing everything they can to destroy capitalism in this country because they are desperate to invoke socialism before the 2024 elections. 2022 may provide a stop gap if one or both houses go Red, but the only thing they can do is pass bills that don't get signed or vetoed without the ability to over ride the veto, and the economy will molder for the next two years.
 
Paxilpapa said:
When you print trillions of dollars and pass it out to people to stay home and not work, you can't help but see inflation and then rapid recession. They are doing everything they can to destroy capitalism in this country because they are desperate to invoke socialism before the 2024 elections. 2022 may provide a stop gap if one or both houses go Red, but the only thing they can do is pass bills that don't get signed or vetoed without the ability to over ride the veto, and the economy will molder for the next two years.
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www.breitbart.com

Former GOP, Dems Team Up with Andrew Yang to Launch New ‘Forward’ Party

Dozens of former GOP and Democrat officials have teamed up with Andrew Yang to join a third party, the Forward Party.
www.breitbart.com www.breitbart.com

Welcome to the guy that brought you universal income... Elon Musk voted for him in the presidential primary. Be afraid... more spending in the name of social equity.

Yang rose to prominence with his failed 2020 presidential run as a Democrat, where he promoted Universal Basic Income.
 
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