Federal Reserve Chairman Jerome Powell said he wouldn’t take hiking interest rates at two consecutive policy meetings ‘off the table’ amid stubborn inflation. Powell spoke at the European Central Bank conference in Sintra, Portugal on June 28, 2023.
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What he says if you could just loose your job that would kill demand … yes, it’s the people barely making ends meat is the problem- I’m sure inflation had absolutely nothing to do with the reckless spending by the govt during covid …sarcastically said …what a crock – totally the wrong line of thinking..he is 100% building a wealth gap and destroying people’s lives
Higher job creation should correspond to higher production by manufacturing companies as well.
It should drive higher supply that eases the increased demand with higher earning and stronger labor force.
There must be reason for more job creations by the companies that normally expect more production output
Otherwise we need to review this change of hiring strategy by companies.
Make sense?
Your channel is a hidden gem on YouTube.
Employment is robust leading to spending
“Drives demand”