‘I Don’t See The Stag Or The Flation’: Fed Chair Disputes View That Economy Is Stalling – IOTW Report

‘I Don’t See The Stag Or The Flation’: Fed Chair Disputes View That Economy Is Stalling

Daily Caller:

Jerome Powell, chair of the Federal Reserve, told reporters Wednesday during a press conference that he does not believe that the economy is heading toward stagflation amid speculation.

Powell criticized the speculation among market watchers that the economy was heading toward a period of stagflation marked by high inflation and low growth, pointing to growth in certain metrics in the last few quarters, low unemployment and decelerating inflation, according to remarks made at a press conference following the Federal Open Market Committee’s (FOMC) rate decision. The FOMC chose to keep the federal funds rate in a range of 5.25% and 5.50% on Wednesday, a 23-year high, despite persistent inflation. more here

14 Comments on ‘I Don’t See The Stag Or The Flation’: Fed Chair Disputes View That Economy Is Stalling

  1. it may just come down to history pointing to the Weekend at Bernie’s 4 years with bumbling Biden as the point in history where it woke up people to the Government and what they are really all about….then again, there are so many stupid folks that vote it likely won’t matter any more…..

    6
  2. Commies don’t see anything wrong with their initiatives and destruction.
    After all, it’s their intent!
    Rots-A-Ruck getting them to follow the law and the Constitution!

    7
  3. He’s a fucking liar.
    That’s all – a total fucking liar.
    He should be hanged – after his trial, of course – but he’s still a fucking liar.

    mortem tyrannis
    izlamo delenda est …

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  4. Wild Bill
    General Biz liability. No product liability. Just renewed. 5K a year. 3 years ago the same policy was 2K. And my broker is saying look out it’s going to continue to go up.

    3

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