Lost in all the turmoil is that Powell basically came out and verified there will be a .25% increase in a couple weeks on the Fed Funds Rate. No more. No less.
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Lost in all the turmoil is that Powell basically came out and verified there will be a .25% increase in a couple weeks on the Fed Funds Rate. No more. No less.
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Yea and I think I think I saw some headlines from a Fed member saying the Fed Reserve will be the reason for the next recession. It's kind of weird how people are just thinking that anytime Powell talks, its good news.
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The Federal Reserve is always the reason for the next recession, going back to 1913 when they were still called "panics". Everything else we hear about is a consequence of decisions made at the Fed.
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A strong economy can handle higher interest rates which are reasonable, or at least a rate hike. Keeping interest rates at or near 0.00% longer than needed isn't the good thing either the Fed or the corporate media say it is; it's more like life support for a coma patient.
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