Why is Jerome Powell gaslighting us about the odds of recession? By Cointelegraph
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Over the last 12 months, market analysts and commentators have relentlessly predicted that the United States is heading for a recession. However, the U.S. economy has been remarkably resilient and defied the forecasts. Indeed, we now have the U.S. Federal Reserve discounting a recession from its current modeling, as Fed Chair Jerome Powell emphasized at the Fed’s July press conference.
There is, however, much more to this story.
Oliver Rust is the head of product at Truflation, an inflation data aggregator. He served previously as the CEO of Engine Insights and as global senior vice president of financial services for The Nielsen Company.
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Over the last 12 months, market analysts and commentators have relentlessly predicted that the United States is heading for a recession. However, the U.S. economy has been remarkably resilient and defied the forecasts. Indeed, we now have the U.S. Federal Reserve discounting a recession from its current modeling, as Fed Chair Jerome Powell emphasized at the Fed’s July press conference.
There is, however, much more to this story.
Oliver Rust is the head of product at Truflation, an inflation data aggregator. He served previously as the CEO of Engine Insights and as global senior vice president of financial services for The Nielsen Company.
Continue Reading on Coin Telegraph
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