Powell speaking in 30mins time
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102385308 : No wonder share drop
Nobody_knows :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
PolyQ : Now the new threat is recession not inflation. Powell will not be hawkish if he is smart.
Cow Moo-ney OP PolyQ : But they may need a recession to tame the inflation.
Royston112 : What time he speaking ?
Cow Moo-ney OP Royston112 : 1015
astabrin : does powell buy shares??? is he controlling the market??
PolyQ : Recession is not a guaranteed remedy to tame down inflation. igniting a recession to bring down inflation is stupid. So recession is the last thing we need in fight against inflation.
Cow Moo-ney OP PolyQ : I agree with you - recession should be the last thing / resort. But it appears that the Fed has no other choice right now. Their hands are tight. Their main tool is to keep raising interest rate, and the longer this goes on, the higher probability that US will go into a recession.
Cow Moo-ney OP astabrin : https://www.google.com/amp/s/www.nbcnews.com/news/amp/ncna1282081
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