Powell just said, it is likely that gaining greater confidence (in reducing inflation) will take longer than previously expected. Which I’m guessing unless it comes down soon they will NOT be able to lower rates in time for November elections and if they do anyway just for political gain, the results will be fleeting and probably worse once they raise them again.
https://www.msn.com/en-us/money/mark...es/ar-AA1nZKuS
Quote:
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It will probably take longer than previously expected for the Federal Reserve to gain enough confidence about the inflation trajectory to start cutting interest rates, Chair Jerome Powell said.
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So Biden’s Build Back Better economy is in shambles, emergency oil reserves about dry, universities under attack & democrats supporting calls for pogroms, Middle East on fire, war in Eastern Europe, border out of control.
All that’s left for him to pander to voters with is legalizing weed
https://www.npr.org/2024/04/30/12482...s-restrictions
Sad to think for some getting all of the above under control seems so “chilling”.
"Are You Better Off Than You Were Four Years Ago?" - Ronald Reagan
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Guardian of the honey and nuts
Let's assume I'm right, it'll save time.