"Powell Would Throw Millions Of Americans Out Of Work": Liz Warren Slams Powell, As Dems Launch Scapegoat Campaign

Source: https://www.zerohedge.com/markets/powell-would-throw-millions-americans-out-work-liz-warren-slams-powell-dems-launch
Published: Sep 21, 2022
Author: Tyler Durden
Post Date: 2022-09-21 18:06:31 by Horse
Views: 303

"Chair Powell just announced another extreme interest rate hike while forecasting higher unemployment. I’ve been warning that Chair Powell’s Fed would throw millions of Americans out of work..."

Poster Comment:

Lay offs were already in the works. People can only buy food by borrowing money. Nobody has money for anything else. Sales from the Strategic Petroleum Reserve will have to stop. Gasoline might go up too.

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#1: Horse    To: All (#0)

https://www.zerohedge.com/political/facebook-parent-meta-google-quietly-cutting-staff

Facebook Parent Meta, Google Quietly Cutting Staff

Just don't call them 'layoffs'...

Horse posted on 2022-09-21 18:08:46   Reply   Private Reply

#2: DWornock    To: Horse (#0)

The Fed should raise interest rates 3% above the inflation rate; about 11%.

DWornock posted on 2022-09-21 19:02:22   Reply   Private Reply

#3: Esso    To: DWornock, 4um (#2)

If they measured inflation the way they did under Carter, we'd be in the 15-20% range, maybe higher. 8.2%? Bullfuckingshit.

(Edit) My mother gave me a half price mortgage to build my house in the late 70s. Only 10%. $20,500 FWIW. My insurance company says it's worth ten times times that now. Bullfuckingshit. I wouldn't give myself $10k for it.

Esso posted on 2022-09-21 19:32:40   Reply   Private Reply