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 [...]
The Swedish election has shifted to the right thanks to the Refugee Crisis. The Social Democrats came in with the worst result in decades and the right-wing populists have risen to their best results since their inception. Although the Social Democrats escaped a complete disaster in the parliamentary elections, they have lost a lot to the right-wing populists. The party of Prime Minister Stefan Löfven appears to remain in place. Meanwhile, the currency still appears lower as we move forward in time.