inflation
What Does the Fed’s Jerome Powell Have Up His Sleeve
“There is no sense that inflation is coming down,” said Federal Reserve Chairman Jerome Powell at a November 2 press conference, — this despite eight months of aggressive interest rate hikes and “quantitative tightening.” On November 30, the stock market rallied when he said smaller interest rate increases are likely ahead and could start in […]
What Does the Fed’s Jerome Powell Have Up His Sleeve?
The Real Goal of Fed Policy: Breaking Inflation, the Middle Class or the Bubble Economy? “There is no sense that inflation is coming down,” said Federal Reserve Chairman Jerome Powell at a November 2 press conference, — this despite eight months of aggressive interest rate hikes and “quantitative tightening.” On November 30, the stock market rallied when he […]