Stubborn
If the Fed is so persistent about a 2% inflation, this battle is going to be a long long one. Is the Fed stubborn, or the inflation stubborn? I would say both
Anyway, though inflation is moving down toward Fed’s goal, Powell shared that slow economic growth is required. If the economy really slows down, and ks more than what is expected, companies’ earnings will be affected.
Anyway, though inflation is moving down toward Fed’s goal, Powell shared that slow economic growth is required. If the economy really slows down, and ks more than what is expected, companies’ earnings will be affected.
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OceansWave : Interesting part is that he sounds like he is signalling less chances of interest rate hike for end of this year… but at the same time he also said that the current interest rates have not stayed long enough to max its effectiveness… high chance next year will see all time high interest rates and they will stay longer than expected..
Well whenever this guy makes a public appearance it ain’t any good news because market will be super bearish..
Because of this I am giving him the title: Papa Bear Powell hahahha
SgDavidC : This is how politicians speak so they can flip their roti prata anytime. Anyway, whatever comes out of his mouth, market will most of the time go down.
72734102 : Wasn’t inflation only 1 1/2 % under President Trumps policy’s that made the U.S. Energy Independent for the 1st time! And gas per gal. was 1,87 on average for 4 years.