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brooklynite

(96,882 posts) Wed Jul 26, 2023, 04:55 PM Jul 2023

Fed No Longer Forecasting a Recession [View all]

Source: Political Wire

Federal Reserve Chairman Jerome Powell said the Fed’s staff is no longer predicting near-term U.S. recession, Axios reports.

Said Powell: “Given the resilience of the economy recently, they are no longer forecasting a recession.”

18 replies

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Highlight:

Fed No Longer Forecasting a Recession [View all] brooklynite Jul 2023 OP

Then WHY are they still raising interest rates? efhmc Jul 2023 #1

Interest rates don't control recessions, they control inflation./ brooklynite Jul 2023 #3

Well, both. unblock Jul 2023 #8

Flip side is higher interest rates hurt the average consumer more as it cstanleytech Jul 2023 #16

To deliberately slow the economy IronLionZion Jul 2023 #10

But you can bet zipplewrath Jul 2023 #2

The business media will, but they will all complain about it, somehow, to cast a negative ... Alexander Of Assyria Jul 2023 #6

Lots of fear about Climate Change. multigraincracker Jul 2023 #4

Bidenomics is on a roll! Alexander Of Assyria Jul 2023 #5

I don't believe it but I'll ponder it as a possible outcome bucolic_frolic Jul 2023 #7

Oh they had a hand.......... in trashing the American dream for millions of Americans for the past cstanleytech Jul 2023 #17

Republicans in extreme disappointment IronLionZion Jul 2023 #9

The right wing nut jobs I am forced to endure louis-t Jul 2023 #11

But it's also true banks own so much real estate... SleeplessinSoCal Jul 2023 #15

Cancel culture strikes again! Johnny2X2X Jul 2023 #12

i am finally reading inside the temple. 80's boof on the fed by grieder. its like reading a 80's pansypoo53219 Jul 2023 #13

Let's see where a 5.5 pct Fed funds rate and $90B a month of quantitative tightening take us. roamer65 Jul 2023 #14

Uhm...this doesn't smell right. Xolodno Jul 2023 #18