Economy

sprinkleeninow

(20,546 posts) Thu Mar 9, 2023, 04:25 PM Mar 2023

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

I call bs on current policy.

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

7 replies

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Yahoo Finance: Why recession odds just spiked after Powell addressed Congress morning brief (Original Post) sprinkleeninow Mar 2023 OP

Seems to me powell is out to destroy our ecomony SheltieLover Mar 2023 #1

I have no expertise in that field either, but ordinary everyday people sprinkleeninow Mar 2023 #3

He's not the only one voting for rate hikes on the Federal Open Market Committee progree Mar 2023 #5

If tfg appointed him, he should go imo SheltieLover Mar 2023 #6

Pres. Biden reappointed him. And he's not the only vote on the Federal Open Market Committee progree Mar 2023 #7

He wants one. He won't be happy until he destroys the good economy built by Dems. onecaliberal Mar 2023 #2

Instead of future tentative rate hikes, he should be afforded one. nt/ sprinkleeninow Mar 2023 #4

SheltieLover

(59,611 posts)

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

Reply to sprinkleeninow (Original post)

Thu Mar 9, 2023, 04:27 PM

Mar 2023

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

But I'm not an econ major.

sprinkleeninow

(20,546 posts)

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

Reply to SheltieLover (Reply #1)

Thu Mar 9, 2023, 04:41 PM

Mar 2023

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

(11,463 posts)

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

Reply to sprinkleeninow (Reply #3)

Thu Mar 9, 2023, 05:10 PM

Mar 2023

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.