Breitbart Business Digest: Warren and Powell Fight Over the Real Cause of High Inflation

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.carney writes: Jerome Powell fires back at Liz Warren on Fed policy's effects on unemployment. “Will working people be better off if we just walk away from our jobs and inflation remains five, six percent?”

Senate hearing on monetary policy

This does not quite mean that Fed officials want unemployment to be 4.6 percent. It means they think that is the realistic unemployment rate that will accompany the monetary policy they expect. So, it would be fair to say the Fed looks at theUnemployment Is Likely Going Even Higher Than ThatThe December projections showed that Fed officials also forecast inflation dropping down to 3.1 percent by the end of the year and the federal funds rate rising to around 5.

Will working people be better off if we just walk away from our jobs and inflation remains five, six percent?”

 

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carney Yes, just get the hell out of town. Your interest rate hikes are crushing borrowers!

carney Warren is such a frickin phony!! Probably gearing up for another failed run at being president is my guess!!

carney Working Americans did great when inflation was low. See 2014-2019. Real wages down. Warren should trim fiscal spending by Government. This would help reduce inflation. Now it’s left to Fed to clean up!

carney It was only a matter of time before the administration told Powell to pivot. If he doesn’t, 2 million people are unemployed and it becomes difficult to continue running the money printing presses 24/7. If he does pivot, hyperinflation 🍿🍿

carney Eliminate the Federal Reserve

carney

carney She speaks without thinking..

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