Posted on 09/07/2022 10:27:00 AM PDT by RomanSoldier19
The chance of an economic "soft landing" has faded, and the Fed is pushing for a "growth recession."
The phrase describes a period of below-average growth, rising unemployment, and slowing inflation.
The Fed chair said that while it'd "bring some pain," letting inflation stay high would be worse.
In an ideal world, the Federal Reserve has already vanquished pandemic-era inflation while keeping unemployment at historic lows and avoiding a recession.
Hopes for such an outcome are all but entirely dashed, and the Fed has switched to plan B.
The central bank's message at its annual conference in Jackson Hole, Wyoming, this year was a simple and stark one. In remarks on August 26 that lasted less than 10 minutes, Jerome Powell, the Fed's chair, warned that cooling inflation would "bring some pain" to Americans through layoffs, weaker pay growth, and higher borrowing costs. He said that while the side effects are "unfortunate," a failure to slow price growth and normalize the economy "would mean far greater pain."
(Excerpt) Read more at msn.com ...
it’s been known to happen...
Inflation will stop when government stops financing all that spending by "printing more money". Not until then.
Yes, I know, the government creates most new money by issuing bonds and the Federal Reserve bankers skim a percent of the new money by underwriting them. Higher interest rates just give the central bankers a bigger skim to work with. And it proceeds to wreck the economy, just as badly as the inflation did.
Government is the cause of inflation. Not, business, not labor. Inflation is a policy of deliberate theft to benefit the government and selected groups that support the government.
"He who robs Peter to pay Paul - can count on support from Paul."
I remember the last time we did this. "Stagflation", here we come.
Ah, I see - it isn’t just a recession, it’s a growth recession. And starvation is a great way to lose weight. Now eat yer bugs.
Which is easier when shivering in a 50 degree house which is why they jacked up energy prices.
Never a mention of stopping deficit spending.
Imagine if you will, the 500b stolen from the American people to redistribute to Deep State fascist cronies was used to fix the supply chain, reopen domestic oil production and continue building the wall.
The expected “soft landing” has turned into an approach on a steep downslope, coming in high, hot, blind, dead-stick, and with the glide angle of a brick.
What could possibly go wrong. We have a hot pilot in the cockpit, with some fifty years of experience. Or is that one year’s experience fifty times?
Baby’s gonna die....
they all gonna die...
BOHICA
There was never any such thing as a “soft” landing. It’s never happened before in history and is impossible.
And here I thought a simpler solution would be to stop spending so much money out of thin air. That way, you WOULDN’T have to do a “growth recession” that would prompt even more government spending out of thin air.
Stupid, stupid, stupid . . .
Don’t forget getting rid of good agriculture by banning synthetic fertilizers because of NOx or something. I don’t think we’ll starve, but lots of people who depend on US ag exports will.
Soon no food and no jobs; things don’t look good>
If this goes as it looks, Biden & the 'D'onkey Party will be facing a grim economy as 2024 comes around. Especially if one compares the metrics from 2020 when Trump had so much green before the hit from Covid!
Wow, someone is finally figuring it out. I'm shocked.
We need a recession from the libtards causing the inflation.
Seems really obvious
If I had to do it all over again I’d opt for a Fed job.
Decent salary, job security, great benefits retirement and medical insurance. Very laid back work environment.
Although nowadays they are not hiring many white males.
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