Yahoo Finance: Why recession odds just spiked after Powell addressed Congress morning brief

[sprinkleeninow]

I call bs on current policy.

https://finance.yahoo.com/news/why-recession-odds-just-spiked-after-powell-addressed-congress-morning-brief-103054745.html

[SheltieLover]

1. Seems to me powell is out to destroy our ecomony

Last edited Thu Mar 9, 2023, 07:06 PM - Edit history (1)

But I'm not an econ major.

[sprinkleeninow]

3. I have no expertise in that field either, but ordinary everyday people

can kinda see some bogus rigging perhaps.

I just launched a missive to the WH speaking my mind reflecting like the fed's policy is hurting the economy.

It doesn't match up fed chair's words and the actual feel of the economy.

Fed chair *may* need replacement.

[progree]

5. He's not the only one voting for rate hikes on the Federal Open Market Committee

apparently they all want to crash the economy, I guess.

As for inflation, the current approximately 4.5% inflation rate is something we should be happy with, I guess.

https://www.democraticunderground.com/10143038482#post12
https://www.democraticunderground.com/10143038482#post23

It takes an incredibly long 16 years for the purchasing power of the dollar to be cut to 50 cents at that inflation rate. So what the heck. Hardship builds character.

[SheltieLover]

6. If tfg appointed him, he should go imo

Jmo.



One thing is for sure, when interest is high, stocks die. Wtf is he thinking? Trying to make Joe look bad?

[progree]

7. Pres. Biden reappointed him. And he's not the only vote on the Federal Open Market Committee

they are all voting for rate hikes, many apparently wanting more aggressive hikes than a quarter point the next time.

[onecaliberal]

2. He wants one. He won't be happy until he destroys the good economy built by Dems.

[sprinkleeninow]

4. Instead of future tentative rate hikes, he should be afforded one. nt/