Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

Watch Live: Fed Chair Powell Warns “We’re Not Going Back To The Same Economy”

Courtesy of ZeroHedge View original post here.

Fed Chair Jerome Powell takes part in a moderated discussion at the Bay Area Council Business Hall of Fame Awards Ceremony.

Powell is speaking shortly after New York Fed President William Dudley said this morning on Bloomberg TV after the numbers were released:

“The fact that the retail sales were a little weaker in October reinforces the idea that if the pandemic gets worse and there’s more shutdowns and restrictions, that the November data, which we haven’t gotten yet, will be even softer.”

Powell began his speech by highlighting three basic points on the state of the economic recovery: slowing, uneven and incomplete.

“The near-term risk that we’re most focused on is the spread of COVID these days."

But Powell was less optimistic about the future (especially for people in the services industries in particular may need help:

“We’re not going back to the same economy. We’re going back to a different economy,”

Even as he suggested that "the time for fiscal discipline is not now."

Watch Live:


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!