BIG PARTY: Everyone expected a recession. The F
Post# of 27112
(Total Views: 61)
Posted On: 12/18/2023 7:32:56 AM
BIG PARTY:
Everyone expected a recession.
The Fed and White House found a way out.
The economy’s strength and stability — defying many of the most optimistic predictions — represents a remarkable development after seemingly endless crises
By Rachel Siegel and Jeff Stein
December 18, 2023 at 6:00 a.m. EST
After two years of relentless pressure over everything from sky-high inflation to a looming recession, the head of the Federal Reserve was asked this month what he does for fun.
“For me, a big, big party — and I mean, this is really as fun as it gets — is a really good inflation report,” Jerome H. Powell said before a crowd at Spelman College. He flashed a smile and laughed.
Everyone expected a recession.
The Fed and White House found a way out.
The economy’s strength and stability — defying many of the most optimistic predictions — represents a remarkable development after seemingly endless crises
By Rachel Siegel and Jeff Stein
December 18, 2023 at 6:00 a.m. EST
After two years of relentless pressure over everything from sky-high inflation to a looming recession, the head of the Federal Reserve was asked this month what he does for fun.
“For me, a big, big party — and I mean, this is really as fun as it gets — is a really good inflation report,” Jerome H. Powell said before a crowd at Spelman College. He flashed a smile and laughed.
(0)
(0)Scroll down for more posts ▼