Stagflation Coming? Powell Begs Congress For More Stimulus

Fed Chairman Jerome Powell gave a dithering speech today in which he argued nothing was wrong with the economy before coronavirus and that because of that Congress should financially prop up every business in America until some indeterminate date in the future when things get back to normal. This would be a disaster for the American economy as it would prevent the market from ever correcting the substantial imbalances created by the Fed, and it quite possibly could cause high inflation.

https://www.youtube.com/watch?v=01Zt12t3pcs