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Posts Tagged: “Jackson Hole“
Warsh Vows No Excuses on 2 Percent Inflation
Federal Reserve Chairman Kevin Warsh used his Jackson Hole podium on Friday to draw a bright line around the central bank’s credibility, declaring that the long-promised 2 percent inflation goal on the Personal Consumption Expenditures (PCE) index is “a firm, fixed target.” Price stability, he said, “is not self-executing…it’s the Fed’s job to deliver stable […]
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Powell Springs Into Action After Economic “Soft Landing”
Yet again the myth of a “soft landing” even as the CPI surges past its target. Powell is now keen to extinguish the fire though disastrous rate cuts, a sign that the recession is already here.
Peter Schiff: Jerome Powell’s Jackson Hole Speech Was Full of Holes
Federal Reserve Chairman Jerome Powell delivered his annual speech at Jackson Hole on Friday. Peter Schiff broke the speech down in his podcast and said the speech itself was full of holes. It wasn’t so much what he said, but what he left out.
Peter Schiff: Powell Promises Pain
Jerome Powell delivered his much-anticipated speech at Jackson Hole on Friday. He continued with the hawkish talk we’ve been hearing in recent weeks, pledging the Fed will “use our tools forcefully” to attack inflation. Powell even promised some pain. As Peter Schiff discussed in his podcast, the markets immediately delivered on the promise of pain. […]
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