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Economy
Federal Reserve Chairman Jay Powell warns Americans they must expect 'SOME PAIN' amid fears of job losses as the US central bank tries to bring down crippling inflation
2022-05-14
  • [Daily Mail, Where America Gets Its News] Fed chair Jay Powell issued warning to Americans struggling with inflation

  • The medicine will bring 'some pain,' he said in an interview on Thursday

  • Powell is trying to bring down inflation without triggering a recession

  • That could mean job losses and pay freezes for workers

  • He spoke after being confirmed for a second term as head of the central bank

  • The Fed is now in the process of raising interest rates to slow borrowing and spending enough to cool off inflation

  • Powell's support in Congress demonstrates that Republicans largely blame Biden's spending rather than the Fed's ultra-low interest rates and purchasing of trillions of dollars in securities
Posted by:Fred

#7  Government investigates government's failure, finds its your fault, suggests more government.
Posted by: swksvolFF   2022-05-14 10:54  

#6  And you know what? America's problems are Americans' problems. I'm more comfortable with Herb's "we" WRT US actions around the world than I am with some troll jackleg trying to insinuate he's (it's) "one of us."
Posted by: M. Murcek   2022-05-14 08:46  

#5  Trump was the best president since Reagan, and his competence was lacking in many areas. I don't think any prexident in my lifetime willingly had more backstabbers working for him.

The founders designed a great system for honest, competent men who didn't intend to make politics their lives. It was not designed to work with what we have had since maybe Lincoln, and he dealt with a lot of backstabbers too.
Posted by: M. Murcek   2022-05-14 08:43  

#4  This asshole is incompetent. He failed to raise rates last year when everyone knew inflation was getting out of control. Then he lied about inflation. Why on earth was this mendacious blockhead reconfirmed? Have we really run out of competent economists in this country?
Posted by: Angeaque Jineper7318   2022-05-14 08:40  

#3  Term limit all elective and appointed gummint officials.

Cap all spending at a < 100% amount of last year's tax revenues.

All legislation is required to be sunsetted on a schedule out of sync with congressional elections.
Posted by: M. Murcek   2022-05-14 08:02  

#2  How about a wind-fall tax on all senior federal government bureaucrats' income* with additional penalty for any remuneration gained from businesses, organizations, and fronts that they're suppose to work with, to ease the pain of the little people?

* above the level of the average taxpayer.
Posted by: Procopius2k   2022-05-14 07:54  

#1  This is for you Jay.
Posted by: Besoeker   2022-05-14 01:21  

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