Posted on 11/14/2020 1:37:50 PM PST by RomanSoldier19
Fed Chairman Jerome Powell said he worries about the long-term impacts from the coronavirus pandemic.
Specifically, he cited women out of work involuntarily, children whose education is suffering and small business owners who have lost “generations of intellectual capital.”
Speaking at a European Central Bank forum Thursday, he said “we’re not going back to the same economy.”
Federal Reserve Chairman Jerome Powell said Thursday he worries about women, children and business owners who face long-term consequences from the coronavirus pandemic.
Asked to name his chief concerns as the world tries to recover from the Covid-19 crisis, Powell said it’s “the risk that there is some longer-run damage to the productive capacity of the economy and to people’s lives who have been disrupted by the pandemic.”
He spoke during a European Central Bank panel discussion with ECB President Chris
(Excerpt) Read more at cnbc.com ...
Why worry when debt seems not to matter? [sarcasm? Or not.]
When it finally collapses, the insipid news media will describe it as ‘unexpected’.
Bank on it.
When the Globalists say “Great Reset” I think they mean all the little people become slaves to the Globalists.
When I say “Great Reset” I mean all the Globalists get screwed in a Jubilee and all of the global debt goes “poof!” and we just start over.
Dr. Fauci said such losses are unavoidable. Get used to it. Move on.
Stock prices are up. Bond prices are up. Housing costs are up. Groceries are up. Cars are more expensive. Everything is up. Yet they claim there is no inflation. Maybe they think it’s a one time thing. We’ll see.
When it crashes I’m going to the ‘Love Lives Here’ houses for supplies.
Or, "Fully expected after Trump's mishandling of Covid-19 and the economy..."
Blame Trump! You betcha! Obama got to use Bush to raid the Treasury. Now Biden gets to use Trump.
Joe has already used the metaphor of Trump running the economy in the ditch. I am buying a slurpy Machine. Cash only.
.
President Trump needed to go after the Fed.
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