Skip to comments.Powell Says Stimulus Package Unlikely to Create Too Much Inflation
Posted on 03/23/2021 12:31:27 PM PDT by ChicagoConservative27
Federal Reserve Chairman Jerome Powell told lawmakers Tuesday that the economy is recovering more quickly than expected but he doesn’t expect the $1.9 trillion stimulus package will lead to too much inflation.
“We might see some upward pressures on prices. Our best view is that the effect on inflation will be neither particularly large nor persistent,” Powell said.
(Excerpt) Read more at breitbart.com ...
We already see the inflation in everything. Why does anyone listen to these lying idiots.
“too much” inflation...
Which is an admission it is going to cause inflation.
Probably wouldn’t have if only the parts of the bill that actually deal with COVID relief were the only things passed...which was was teardrop in the ocean of spending.
Eat much? Drive much?
EVERYTHING HAS GONE UP.
He may be right since so little of the stimulus actually went to citizens but the tax and spend policies of libtards is already making up for it. Inflation noticeably UP in middle America.
How do you expect the Swamp Rats to steal any big money unless they spend it and arrange kick-backs??????
Do theystill not count food and energy in the inflation index?
Small price to pay to eliminate mean tweets
DEFLATION is actually a bigger threat in many sectors of the economy. Ask any FReeper who owns an apartment building how much “inflation” they’ve seen since governments began imposing moratoriums on evictions.
Our best view is that the effect on inflation will be neither particularly large nor persistent,” Powell said.
And your worst view, Jerome?
It’s already priced in.
Did he talk about adding a ZERO to All denominations of our currency??
Too much?? My gas is up almost a buck a gallon.
“economists” work for someone and adopt the philosophy of that person. Prostitutes, in other words.
HTF do you print and spend $2,000,000,000,000 without causing inflation?
He probably isn’t buying is own groceries or filling up his own car, let alone trying to purchase a house for the first time.
Just another friggin elist . . .
Powell has no economics degree. He has degrees in politics (Princeton) and law (Georgetown). Figures. He’s a politician/polemicist, not an economist.
You can print $10 trillion of “new” money without causing inflation if the VELOCITY of money slows down considerably. That’s the balancing act these policy makers have to deal with all the time.
Whatever that means...
The lies are all that keeps people believing in the illusion, maybe?
We are deep into the blind leading the blind territory. The lunatics are already dragging those who see the danger off the cliff with them.
I’ve started to wonder that maybe, just maybe, because the society has been unwilling to repent of things like abortion, has been unwilling to see how many have come to display Romans 1:18-32 in their lives, that the nation is now seeing all this Woke madness, where people oppress each other, because when people no longer accept the Lord’s judgments He may turn them over to the madness in each other that they deny is theirs.
There was a time in His earthly ministry when Christ said some hard things that resulted in many who had been following Him to stop following.
He turned the the twelve and asked if they would leave too.
“To whom shall we go? You have the words of eternal life.” was the reply.
Now with so many just going away can He not ask the same of us?
Our answer can and must be the same. If clinging to the Lord without compromise is what it the only choice, then cling, He has the words of eternal life still.
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