Posted on 09/21/2022 2:03:28 PM PDT by ChicagoConservative27
Federal Reserve Chair Jerome Powell said Wednesday he expects the U.S. economy to slow under the weight of the central bank’s interest rate hikes to a point that could cause job losses.
Speaking after the Fed issued another rate hike, Powell said the U.S. may be able to avert a full-blown recession but could not avoid hardship as the bank ramps up its fight against inflation.
(Excerpt) Read more at thehill.com ...
Considering these jokers have been wrong about everything, I wouldn’t be surprised if unemployment fell.
People will soon need to go back to work. Employers will benefit from JPowell’s course of action.
And the jobless idiots will continue to vote Democrat because CNN and MSNBC tells them to.
Out of work?
Vote pro abortion!
Vote pro transgender!
Vote Global Warming!
You can find bugs to eat with your $8 Beyond Meat burger.
Oh, you don’t have $8?
Vote more foreign labor!
(He sounds excited.)
There’s great joy in the Great Reset. Apparently.
Unless one is part of the starving masses, that is.
Unemployment rates mean nothing. They are hocus pocus. Job participation is what needs to be looked at. It went from 66.2 % to 62% in ten years. A 4% drop is millions of people not even looking for jobs anymore.
Biden’s puppet masters have taken a wrecking ball to the economy. If they retain power in 2024, I’m afraid it’s lights-out on any hope of economic recovery.
“Likely” to boost unemployment? It is a sure-fire bet. There is NO way to dodge that bullet. No business enterprise can expand legally in this environment. However, lots of illegal shortcuts are coming, along with a whole new slew of regulations, which will be enforced in a highly selective manner.
The Powers that Be will get to select winners and losers with even less oversight and more simple graft.
None Dare Call It Treason - Barry Goldwater, 1963.
When is the last time the MSM referred to the “Burger flipper” jobs.
Serious quuestion. What have the formerly employed been doing for the past 1-2 years? I can't figure it out.
Spanish-habla-ing roofers hit the hardest.
Now it’s going to cost more to pay off the trillions Biden blew.
It’s interesting that the employment conditions are changing. Employers are finding it easier to find workers now in many industries and wages increases are slowing.
It’s almost like something is working as hoped.
“People will soon need to go back to work. Employers will benefit from JPowell’s course of action.”
No offense...but, are you insane? If he actually wanted to do his job, and maintain the dollar, he would have taken action shortly after “Sleepy” took office, and decimated our energy sector. Employers, when they can find employees willing to show up, are saddled with extraordinary increases in their input costs, more regulation, and horseshit increases in the minimum wage to “level the playing field” which does nothing but destroy the bottom line for the small, to medium sized business owner that can’t afford to take the hit, and ultimately lays people off, or closes his, or her doors. The bullshit of this “bottom up, middle out” financial plan has to stop.
“Now it’s going to cost more to pay off the trillions Biden blew.”
That’s true but Biden’s new debt is a small amount of the total being paid. This is what financial experts have warned politicians about for years. Hard to grow an economy if too much money is tied up in paying govt debt. Unless you increase the money supply, ho-ho. Why, it’s like a Catch-22.
Nobody is more bullish on oil and gas than Joe Biden. Employers will get back the advantage they had in the past, now that people will go back to work in a crappy economy. The markets in general perform better when unemployment is 5-8%.
See my #14. Most of the media is behind. Hiring conditions have improved in many unrelated industries from food to factories to techies, etc.
Also wage increases have slowed due to the above.
“Nobody is more bullish on oil and gas than Joe Biden”
Damn!...Thank you for making it abundantly clear that in the future, all your posts/comments should, and will be ignored.
Enjoy your evening. ;)
“Employers will get back the advantage they had in the past, now that people will go back to work in a crappy economy.”
I agree, and employer reports show it’s already started. Clubbing, trips and hanging around the house is all fun and games until the money runs out.
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