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Wellstone ruled

(34,661 posts)
Wed Jul 29, 2020, 03:30 PM Jul 2020

Hope folks have been following

Fed Chairman Powell's briefing today. Just listening to the Q&A,folks,we are in for a long long time before our Nations Job Picture even thinks about improving. And he talked in detail how the Economy will leave AA folks as well as Women way behind in the recovery.

Folks,we are in for one hell of a slog,Banks will be tightening up lending rules as well as being told to increase their reserves and not pay Dividends or Bonus's.

Looks like zero recovery until mid 2021 .

9 replies = new reply since forum marked as read
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Hope folks have been following (Original Post) Wellstone ruled Jul 2020 OP
No recovery if Trump stays in power. lagomorph777 Jul 2020 #1
Any mention of interest rates? brush Jul 2020 #2
Powell said,the rate will hold steady at 0 -.25% for the near future. Wellstone ruled Jul 2020 #8
Negative interest rates to spur any sort of economic investments ? magicarpet Jul 2020 #3
Yet the Dow is up 200+ points Nictuku Jul 2020 #4
not saying it's good stopdiggin Jul 2020 #7
All driven buy ten stocks. Wellstone ruled Jul 2020 #9
it has been a house of cards for a while RANDYWILDMAN Jul 2020 #5
The Feds Have Pumped Billions Tbear Jul 2020 #6
 

Wellstone ruled

(34,661 posts)
8. Powell said,the rate will hold steady at 0 -.25% for the near future.
Wed Jul 29, 2020, 04:38 PM
Jul 2020

Also,if things go south,he will be the first to demand a massive relief package. He spoke in a manner as if he has broke away from Trump and his Swampper's .

Nothing will change until the Covid is totally under control.

stopdiggin

(11,435 posts)
7. not saying it's good
Wed Jul 29, 2020, 03:57 PM
Jul 2020

but the news (Fed comments, stimulus package emerging) is probably a bit more positive (from a market sense) than it has been on other days when the markets climb.

Overall though -- I find it totally incoherent.

Tbear

(488 posts)
6. The Feds Have Pumped Billions
Wed Jul 29, 2020, 03:52 PM
Jul 2020

into the bond markets. House of cards indeed.
Mid 2021 if everything goes right, big if.

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