Fed President Bullard: Credit tightening won’t trip recession

Fox Business ^ | 4/6/23 | Breck Domas

[CFW]

St. Louis Federal Reserve President James Bullard on Thursday dismissed concerns of a credit crunch in reaction to the turmoil in the financial system following the collapse of Silicon Valley Bank and other institutions in recent weeks.

Bullard said he does not expect lending standards to rise to a level that would push the economy into a recession.

"It's too soon to tell what kind of tightening we are seeing," Bullard told reporters following his speech on the economy and monetary policy at the Arkansas State Bank Department's Day with the Commissioner event. However, he said, "credit tightening will not tighten enough to send the U.S. economy in recession."

[CFW]

When the "experts" are saying "all is well", look at history before deciding to trust them.

[OHPatriot]

Yea Right. Joey’s expert??

[Theoria]

Cleveland Fed already projecting higher inflation in April than March.

[Diana in Wisconsin]

Shadow Stats 'broke their chart' trying to show us where inflation was at...MONTHS AGO!

http://www.shadowstats.com/alternate_data/inflation-charts

[MrRelevant]

All by itself maybe not…. But continuing to print money defeats the purpose of the rate hikes… companies are laying off help, savings are being erased and consumer credit is near record highs… these folks who lie to the public are scumbags.

[goodnesswins]

Well...of course not...We are ALREADY in a recession

[Maelstrom]

It doesn’t trip a “recession”.

It causes Hyperinflation.