- Federal Reserve Chairman Jerome Powell stated last week that the U.S. economy is not in a recession. Biden administration officials appear to agree, including National Economic Council Director Brian Deese and Treasury Secretary Janet Yellen.
"The Fed is a marketing machine, not necessarily a truth machine," said Jeff Clark, Senior Precious Metals Analyst at GoldSilver.com."They're going to talk down bad news, and try to keep the economy strong and people encouraged, and not cause any kind of panic." "Every time that figure has gone negative, we went into a recession after that," Clark explained."That indicator has predicted every single recession since 1980."
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