The New “What did you do with your Z today” (with off topic replies)

vtec to vvel · 07-26-2023, 06:27 PM

https://www.cnn.com/2023/07/26/econo...nal/index.html

"The Fed hikes interest rates by a quarter point and hints at another increase this year"

“At the margins, stronger growth could lead over time to higher inflation and that would require an appropriate response for monetary policy,” Powell said. He also said that core inflation remains “pretty elevated.”

This coming from the same person that said, “We now understand better how little we understand about inflation.”

MZ DAIZY · 07-26-2023, 06:36 PM

Quote:

Originally Posted by vtec to vvel

https://www.cnn.com/2023/07/26/econo...nal/index.html

"The Fed hikes interest rates by a quarter point and hints at another increase this year"

“At the margins, stronger growth could lead over time to higher inflation and that would require an appropriate response for monetary policy,” Powell said. He also said that core inflation remains “pretty elevated.”

This coming from the same person that said, “We now understand better how little we understand about inflation.”

The whole administration is a clown show.. top to bottom.

vtec to vvel · 07-26-2023, 06:41 PM

Quote:

Originally Posted by MZ DAIZY

The whole administration is a clown show.. top to bottom.

IMO, I think we could possibly avoid a recession, even a mild one, if we left rates the way they are and let it work itself out.

At the rate the Feds are going, it seems like they are trying to purposely tip the economy into a recession.

vtec to vvel · 07-26-2023, 06:41 PM

Quote:

Originally Posted by MZ DAIZY

The whole administration is a clown show.. top to bottom.

Can I get a "sweetie" for this admin?

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07-26-2023, 06:27 PM	#1 (permalink)
vtec to vvel A True Z Fanatic Join Date: Feb 2015 Location: In a house Posts: 4,027 Drives: Z Rep Power: 502912	https://www.cnn.com/2023/07/26/econo...nal/index.html "The Fed hikes interest rates by a quarter point and hints at another increase this year" “At the margins, stronger growth could lead over time to higher inflation and that would require an appropriate response for monetary policy,” Powell said. He also said that core inflation remains “pretty elevated.” This coming from the same person that said, “We now understand better how little we understand about inflation.”