AITX - WHAT DID POWELL SAY? My takeaways are th
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Posted On: 12/16/2021 10:04:40 AM
AITX - WHAT DID POWELL SAY?
My takeaways are these:
Biden pushed Powell into retiring the word "transitory" by threatening to fire him if he doesn't change his public stance about it. Biden wanted Powell to appear as if he were fighting inflation.
The FED still clearly believes inflation is temporary since it forecasts that it will halve by the end of 2022.
On the news of this, both precious metals and stocks reacted well and were further convinced of their bullish direction when Powell said that inflation is under control so they won't be too aggressive, eliminating the fear that rate hikes will lead to a slowdown, market crash, recession, or all of the above.
The FED will raise rates three times next year, with the first being in March. Trump was right about this being a strong recovery; Powell is saying the U.S. economy is a beast right now.
Apart from more variants, Powell thinks the job market is very healthy and will get stronger, with GDP growth projected to be 4% in 2022.
2022 will be one of the best years for Main Street America in the past 50 years, mark my words. There will be more jobs, better wages, massive retail discounts in stores, and a divorce from COVID. The best is really yet to come!
Best Regards,
Lior Gantz
President, WealthResearchGroup.com
My takeaways are these:
Biden pushed Powell into retiring the word "transitory" by threatening to fire him if he doesn't change his public stance about it. Biden wanted Powell to appear as if he were fighting inflation.
The FED still clearly believes inflation is temporary since it forecasts that it will halve by the end of 2022.
On the news of this, both precious metals and stocks reacted well and were further convinced of their bullish direction when Powell said that inflation is under control so they won't be too aggressive, eliminating the fear that rate hikes will lead to a slowdown, market crash, recession, or all of the above.
The FED will raise rates three times next year, with the first being in March. Trump was right about this being a strong recovery; Powell is saying the U.S. economy is a beast right now.
Apart from more variants, Powell thinks the job market is very healthy and will get stronger, with GDP growth projected to be 4% in 2022.
2022 will be one of the best years for Main Street America in the past 50 years, mark my words. There will be more jobs, better wages, massive retail discounts in stores, and a divorce from COVID. The best is really yet to come!
Best Regards,
Lior Gantz
President, WealthResearchGroup.com
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