Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Politics

BIDEN ECONOMY: Jobs Are Next – Jerome Powell Warns Unemployment Will Rise with Rising Rates

by September 22, 2022
September 22, 2022
BIDEN ECONOMY: Jobs Are Next – Jerome Powell Warns Unemployment Will Rise with Rising Rates

Jerome Powell shared today that the Fed hikes are necessary to curb the 40-year high inflation of the Biden economy but jobs may be lost in the process.

Today Jerome Powell shared that the Fed’s work to reduce the massive Biden inflation will result in job losses.

Speaking after the Fed issued another rate hike, Powell said the U.S. may be able to avert a full-blown recession but could not avoid hardship as the bank ramps up its fight against inflation.

“If we want to light the way to another period of a very strong labor market, we have got to get inflation behind us. I wish there were a painless way to do that. There isn’t,” Powell said.

“We certainly haven’t given up the idea that we can have a relatively modest increase in unemployment. Nonetheless, we need to complete this task,” he added.

Powell addressed reporters after the Fed announced it would increase its baseline interest rate range by 0.75 percentage points, the fifth rate hike this year and third 75 basis point hike in three consecutive monetary policy meetings.

Fed officials also projected another 1.25 percentage points of rate hikes before the end of the year, which Powell said would push borrowing costs into a level meant to restrict the economy.

The Fed is attempting to bring inflation back down toward its annual target of 2 percent by slowing the economy and reducing the amount of money spent on goods and services. The bank does so by raising borrowing costs throughout the economy, which gives consumers less flexibility to spend and businesses less room to hire and expand.

This is Biden’s economy.

Inflation is at a 40-year high.

“Just Up an Inch” – Joe Biden Downplays His Record 8.2% Inflation Numbers – As He Destroys Middle Class (VIDEO)

The markets are down 2o% from all-time highs.  The bond market is being crushed due to the higher rates.  The GDP is down since last October’s high.  And yet Powell is dishonest when he says the US is not in a recession.

Economists are increasingly projecting a ‘hard landing’ marked by a sharp increase in unemployment, and Fed Chair Jerome Powell admitted on Wednesday that achieving a soft landing will be ‘very challenging’.

‘We have always understood that restoring price stability, while achieving a relatively modest…increase in unemployment would be very challenging,’ he said.

‘No one knows whether this process will lead to a recession, or if so, how significant that recession would be,’ he added.

Jobs are next.  Maybe when the markets are down 50% and unemployment is at 10% along with the 8% inflation, Powell will finally admit that the US is in a recession.

The post BIDEN ECONOMY: Jobs Are Next – Jerome Powell Warns Unemployment Will Rise with Rising Rates appeared first on The Gateway Pundit.

0
FacebookTwitterGoogle +Pinterest
previous post
Radical Rep. Rashida Talib ERUPTS After CEO Jamie Dimon Schools Her on Energy Policy (VIDEO)
next post
MEDIA BLACKOUT: Far-Left Radical Kills 18-Year-Old Cayler Ellingson Over Teen’s Conservative Views – ABC, CBS, NBC, CNN & MSNBC Silent

You may also like

Texas judge hearing abortion pill case appointed by...

March 16, 2023

Trump team signs memorandum of understanding with Biden...

November 26, 2024

A doctor gave me pills for a nightmarish...

February 5, 2024

Iran’s new president asserts right to retaliation in...

August 15, 2024

BREAKING EXCLUSIVE: The 2021 Maricopa Audit Proved After...

December 17, 2022

Hezbollah leader says Lebanon will be ‘exposed’ to...

January 6, 2024

Burgum grilled on environmental issues targeted by Trump...

January 16, 2025

EXCLUSIVE – ANDREW WEISSMANN PART XI: To Tie...

October 24, 2022

JOE CONCHA: ‘The Greatest Comeback Ever.’ How Trump...

April 29, 2025

RNC chair reveals what role Trump will play...

December 14, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Blue state Republicans threaten rebellion if Senate changes key provision in Trump’s ‘big, beautiful bill’

      June 5, 2025
    • Ricketts, Fetterman team up for crackdown on China’s attempts to purchase US farmland

      June 5, 2025
    • Hamas working to ‘sabotage’ Trump-backed aid group with ‘fake news’: Israeli official

      June 5, 2025
    • Longtime Trump loyalist flips on GOP’s ‘big, beautiful bill’

      June 5, 2025
    • Supreme Court rules Wisconsin unconstitutionally discriminated against Christian charity

      June 5, 2025
    • Trump touts ‘very positive’ breakthrough with Xi after slamming China for trade violation

      June 5, 2025

    Categories

    • Business (8,147)
    • Investing (2,008)
    • Politics (15,529)
    • Stocks (3,128)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved