Lisa Rene
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"You don't have a recession when you have 500,000 jobs and the lowest unemployment rate in more than 50 years," Yellen told ABC's Good Morning America program.

"What I see is a path in which inflation is declining significantly and the economy is remaining strong."
https://www.reuters.com/ma...
08:02 AM - Feb 07, 2023
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Da Bears News
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In response to Lisa Rene.
Sounds good in theory but my costs keep going up. last i heard the solution was to get wages down. What a solution. This cooperate greed has gone too far.

https://www.barrons.com/ar...
09:25 AM - Feb 07, 2023
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Statman Stu
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In response to Lisa Rene.
It is genuinely difficult to know how much “inflation, then recession” talk was political & aimed at getting GOP’ers elected vs how much was economists misreading the impacts of Covid, supply chains, & Putin’s war spiking oil & gas prices? What I know is RW media bias is real & extends to biz news.
08:33 AM - Feb 07, 2023
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Sitara 68
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In response to Statman Stu.
I looked at WHO was spouting the recession fear mongering. It was Deustche Bank and conservative think tanks like Heritage Foundation. I'm certain it was all for the election.
09:29 AM - Feb 07, 2023
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Loonie Panda ???
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In response to Lisa Rene.
Jerome loves too help the billionaires and corporations, It’s past time Biden removes him
08:08 AM - Feb 07, 2023
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Lisa Rene
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In response to Loonie Panda ???.
Top of the morning Panda.

I agree. Powell is a dinosaur. He's relying on the "wage-price spiral” concept where higher wages drive prices. This doesn't present in the current report.
08:19 AM - Feb 07, 2023
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