Here’s the Jerome Powell, the Fed chair, giving us finance-and-monetary policy nerdspeak for, “Oh, it’s coming, folks. Strap in for the situation that is ahead. Here comes the turbulence.”
America’s GDP growth is gonna be lower, prices are gonna be high, inflation will be durable.
There will be less money rolling around and less jobs, too, causing unemployment to spike. It’s a recession.
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