Post by
long342 on Mar 06, 2024 4:35pm
Jerome Powell's keeps his "ACE UP HIS SLEEVE"
He will not raise the interest rate unless he sees the economy faultering into a recession. Thats the truth the whole truth. Congress is filled with a bunch of pacifiers who will not admit that inflation is needed to stabalize the economy by increasing wages and capital so that government revenues increase to meet interest payments on the NATIONAL DEBT which increased during the pandemic years. 5% interest rate is peanuts and people/companies need to adjust. War in Ukraine is not helping. The longer Powell keeps his foot on the interest rate hike. brake the better we are off.