PROJECTS an economic slowdown that already started in nine months ago????
Exactly. What really ticks me off is Powell never addresses the elephant in the room. The Fed can only affect monetary policy, but that alone does not fix the economy. Powell refuses to say that government spending has to be cut. He won’t say regulatory, energy and trade policies need to be changed. All this tells me is we are going to be on an inflation roller coaster like all of the 1970’s and early 80’s. We will have at least a decade of a terrible economy.
Well, remember, didn’t they change the definition of a recession, so that the media wouldn’t say we’re in a recession????