Hugh Johnson Advisors chief economist Hugh Johnson and Meridian Equity Partners senior managing partner Jonathan Corpina discuss how investors should play Fed rate hikes on"The Claman Countdown."expressed confidence on Thursday that the Federal Reserve can wrestle inflation under control without crushing the U.S. labor market, despite growing concerns about the economic outlook.
Although there are growing concerns that the central bank will tip the economy into a recession with higher rates, the former Fed chief said she believes the labor market will remain strong and that the unemployment rate will stay near a historic low. Speaking to reporters in Washington after the Fed's meeting, Powell conceded that a recession is possible and that securing a soft landing will be "very challenging," though he cautioned that no one knows if the tightening campaign will lead to a downturn and, if so, how significant it will be.
The bowl needs a trim.
I agree with SecYellen , but the FED is hiding very well its ability to solve inflation without breaking the job market.
FaridahOmarmus1 Please help me
She also said green energy will get us out of this lol you gotta love leftists
Way over her head
Sure looks like they caused inflation intentionally so they can cause mass businesses to fail. Print and spend then raise rates, quite the plan.
She has ZERO credibility.
Lol, no you can't. You have no idea what you are doing.
Has she had a good track record on predicting inflation in the past 2 years?
This from the lady that helped create the inflation problem and called it transitory for over a year. She doesn’t have any credibility and should be fired.
No way
I hope her job for the remainder of this year is 'transitory' as in transferred out! Like we'd believe her any longer.
Yeah, you've REALLY amped up our confidence in your complete lack of ability to handle the economy so far. SecYellen
Delusional
Depository generous PORTIONS OF CRYPTO CURRENCY and wire to off shore creditors of one trillion in red state retirement cash on hand will only collapse the fiat dollar bills sooner triggering a Great Depression crisis resets globally sooner with World War One aligned nations
Yellen has NO credibility. She’s a political mouthpiece. The labor market has to be hurt, just like the housing (rent) market. The Fed actually said, “it will be painful for households.”
It's going to be a hard landing thanks' to the FED and Government spending. Just 2 more years of this, pray that we will survive
Makes me feel better
She so full of crap. If it were that easy it would be done already.
This lady has been wrong about everything for the last two straight years. She didn’t even think there was inflation 6 months ago.
Liar
OMG she should do standup-
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CoinDesk - 🏆 291. / 63 Read more »