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  • Fed's Powell: Pandemic Gave Rise To Much More Dire Consequences

Added at 9:10am

Added at 9:14am

Added at 9:14am

Added at 9:14am

He admits it finally, we are in trouble.
Today's speech likely to be neutral. Stock mkt has to be propped up. He can't raise rates too fast, too big
Rates will be @ 4-5% by May 2023.
Quoting sunnythink79
Today's speech likely to be neutral. Stock mkt has to be propped up. He can't raise rates too fast, too big
According to JP, its going to be a soft landing. But the charts I'm looking at, really don't suggest that. Either way the stock market in bear territory, and has been for a while.
Perhaps the fed should have turned off the faucet much sooner and it wouldn't be so 'Dire'?
Got a Question if US raise every rates week/months what will happen to US economy and other country?
Junx FX Trading Return Today: na
lol! yeah he finally admitted but how 3-4% in may
Quoting g0ds0n
{quote} According to JP, its going to be a soft landing. But the charts I'm looking at, really don't suggest that. Either way the stock market in bear territory, and has been for a while.
JP has a vested interest in saying that.
Quoting junx0071984
Got a Question if US raise every rates week/months what will happen to US economy and other country?
Good question. IOO, Whatever they do now the ground has been set for a lot of the brown stuff heading down the line and anyone standing near a fan will be right in the firing line.
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As long as the current energy policy remains in place, we have a dire future, in my opinion.

In California, days after the governor announced no new gas cars by 2035, the electric grid could not handle the demand, and Californians were told not to charge their electric cars, reduce electricity, use AC less.

How are more EVs needing charging going to help when the grid cannot handle the current demand?

The demonization of fossil fuels has placed us here.
A lot of issues Powell discuss were valuable and effective.
USD must drop now
The only prayer you need is Thankyou
Powell remains a bull of the USD
Quoting Formonix
USD must drop now
I think you want to say EUR will be down
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Quoting Ftmofx
{quote} I think you want to say EUR will be down
This aged well
mid2023 should be the crash
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