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Powell Says US Economy in Strong Shape, Fed Can Avert Recession

Bloomberg2022-06-29

Federal Reserve Chair Jerome Powell said the US economy is in “strong shape” and the central bank can reduce inflation to 2% while maintaining a solid labor market, even though that task has become ...

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Comment89

  • Gcwj
    ·2022-06-30
    Fed up
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  • Toby_Chua
    ·2022-06-30
    Credibility of his words ... remember transitory 
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  • Looyusooi
    ·2022-06-30
    Ok 
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  • Jess261
    ·2022-06-30
    Okay
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  • Remotecam
    ·2022-06-30
    Powell also said to take inflation fight "unconditional". Recession is better  than to allow inflation to take hold.
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  • SSVC
    ·2022-06-30
    K
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  • Ironman2002
    ·2022-06-30
    Wonder the Fed is doing the right thing 
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  • Jawslea
    ·2022-06-30
    Root cause is it supply of raw materials & products?
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  • MHh
    ·2022-06-30
    More rate hikes to come. Don't think can escape a 0.75 for the next one too 
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  • PearlynCSY
    ·2022-06-30
    Fed ChairJerome Powell vowed Wednesday at an ECB forum that U.S. policymakers would not allow inflation to take hold of the economy over the longer term.“There’s a clock running here, where we have inflation running now for more than a year,” the central bank leader noted.Powell reiterated his tough talk on inflation in the U.S. that is currently running at its highest level in more than 40 years. Since the Fed started raising rates in March, market indicators of inflation expectations have fallen considerably. A measure of the outlook over the next five years that compares inflation-indexed government bonds to standard Treasurys fell from nearly 3.6% in late March to 2.73% this week.However, other surveys show that consumers expect prices to continue to climb. One such measure, from
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  • Targarean
    ·2022-06-30
    The man has gotta portray confidence 
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  • Vincent1968
    ·2022-06-30
    Good
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  • Tan79
    ·2022-06-30
    Okay
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  • KSG
    ·2022-06-30
    He says a lot of things...
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  • JFK
    ·2022-06-30
    Like
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  • andrew123
    ·2022-06-30
    Like 
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  • kokakun
    ·2022-06-30
    Ok cook
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  • Newnew
    ·2022-06-30
    Hi 
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  • Khoo12
    ·2022-06-30
    Yes
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  • Dbw
    ·2022-06-30
    Like
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