Jerome Powell on Stagflation
“I don’t see the ‘stag’ or the ‘-flation’,” Fed Chairman Jerome Powell said during his Wednesday address. Powell believed inflation would be “transitory.” He believed that the economy would come [...]
QUESTION: Did you contradict yourself when you said higher dollar will weaken US economy?. Then you said interest rates will make stocks rise? ANSWER: No. What you have to grasp here is that the stock market can rise for two entirely … Continue reading