Fed’s Jerome Powell Warns of Substantial ‘Uncertainty’ From ‘Significantly Higher Tariffs’ and ‘Abrupt Slowdown in Labor Force Growth’
https://www.barchart.com/story/news/34378911/feds-jerome-powell-warns-of-substantial-uncertainty-from-significantly-higher-tariffs-and-abrupt-slowdown-in-labor-force-growth
Posted by CasualBillionaire
10 Comments
From article
At the central bank conference in Jackson Hole on Friday, Federal Reserve Chair Jerome Powell warned that a new set of policy-driven shocks is reshaping the U.S. outlook, underscoring how “significantly higher tariffs” are remaking global trade while tighter immigration policy has produced an “abrupt slowdown in labor force growth.” He added that forthcoming changes in tax, spending, and regulatory policies could carry lasting consequences for productivity and growth, and that there is “significant uncertainty” about where those policies will land and how they will affect the economy.
Thanks for the heads up, Jerome! Where are the Epstein files?
And cue another meltdown from the orange one
Markets green again.
Powell has been wrong since Covid. Dude is responsible for some horrifyingly bad fed decision making that screwed up housing and equity markets.
Like this moron can be trusted. Please. They just make a narrative and then create stats to prove the narrative. Been happening since the GFC. He should say the long-term financial landscape is changing and I don’t have anyone to kiss up to anymore to guarantee my future employment. He’s what we call the bag holder. Last man behind, grasping at straws to seem intelligent. A Bernake he is not.
We need to stop pretending this was unforeseen.
This shit gonna come crashing down soon enough
He’s being polite. The real issue is the USA is run by a dangerous felon.
Nothing that comes from the White House can be trusted. America is turning into Russia, and that means economic collapse.
Crazy times we’re living in. Powell is the last Honest man standing.
This time next year I wonder what things will look like in the US and globally.
Yeah, well, he’s an idiot so…