Fed Chair Powell Says 'Very Premature' to Pause Interest Rate Hikes — Economist Warns It Will Crash Economy – Economics Bitcoin News

Fed Chair Powell Says 'Very Premature' to Pause Interest Rate Hikes — Economist Warns It Will Crash Economy

“We have a ways to go,” he stressed. However, economist Peter Schiff warned that “Planned rate hikes and QT will only succeed in crashing the economy, not bringing down inflation.”Fed Chairman Jerome Powell clarified during a news conference on the central bank’s economic outlook Wednesday that the Fed is not thinking about pausing its rate hikes. The conference followed the Federal Open Market Committee meeting where the U.S. central bank decided to raise interest rates another 0.

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Inflation is just transitory

as interest rate goes higher, more money will be going into crypto. It's already been going on

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Recession is still very long

Yeah let’s raise it to 10%. I just wind up buying less of what I want. Good job.

yea

But also said may need to cut back in December. Needs to see CPi data, labor market numbers, etc - All code for bullshit. Waiting for all the stars to align heading into 2024 election year. They will reverse course then, watch.

yea!

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