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Fed’s Powell warns market must be flexible with forecasts, ‘dynamic’ economy
The Hill ^ | 11/08/2023 | Julia Shapero

Posted on 11/08/2023 9:14:40 AM PST by ChicagoConservative27

Federal Reserve Chair Jerome Powell urged the central bank’s forecasters on Wednesday to remain flexible and “think outside” traditional economic models, as they continue to offer projections for a post-pandemic economy that has repeatedly confounded expectations.

Powell touted the Division of Research & Statistics, which provides the Fed with economic data and analysis ahead of its interest rate decisions, at a conference celebrating the division’s 100th anniversary.

(Excerpt) Read more at thehill.com ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: dynamic; economy; fedchair; market; powell; stockmarket
Think outside traditional economic models? Can you say Powell is a communist?
1 posted on 11/08/2023 9:14:40 AM PST by ChicagoConservative27
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To: ChicagoConservative27

IE....they don’t know what they hell they’re doing and/or they want it to crash


2 posted on 11/08/2023 9:19:01 AM PST by reed13k
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To: reed13k

Their goal is to make the rich richer and crush the middle class—all the rest is just tactics and messaging.


3 posted on 11/08/2023 9:22:57 AM PST by cgbg ("Creative minds have always been known to survive any kind of bad training." Anna Freud.)
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To: cgbg

Come now, be nice.

They are referred to as the “investor class”.

Sounds a lot more functional, right?

We’re all just little parts in the Big Machine to them.


4 posted on 11/08/2023 9:32:55 AM PST by Regulator (It's fraud, Jim)
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