Fed Chairman Powell says prosperity not felt in all areas

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Federal Reserve Chair Jerome Powell says he does not feel the probability of a recession 'is at all elevated,' and that the country is continuing to see solid economic growth.

 

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In other words keep holding so we can get out with all the cash before doomsday comes.

'Powell didn't address Feds decision last month to announce it planned to be 'patient' in its future interest rate hikes...That decision triggered a big stock market rally from investors worried that the Fed was in danger of pushing rates up so much it could bring on a recession'

Powell became an optimist! Bravo!

Translation: No recession = No cuts. Solid growth = rate increase maybe back.

So America being 22 trillion in debt now isn't a sign of us headed toward a recession? 22 trillion. Isn't this the first time we've been at 22 trillion or did I read that article wrong? Seems like if we were growing we wouldn't be sinking further in the negative numbers

so, then raise rates

🤔 I think he's full of shit and considering he's a trump appointee 🤥

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