Labor shortage and recession risk / Prank with the Chairman of the FRI Jerome Powell
"Any shock, negative event will put the US economy into recession."
Powell said that the FRI is ready to further restrain inflation, but only in painful ways, because, despite all the measures taken, the situation is depressing. He also did not rule out the possibility of a recession in the US due to any negative events.
"Most forecasts say that the US economy is growing, but at a fairly low level. But a recession is just as likely as very slow growth. We need a period of slower growth so that the economy, the labor market, and wage growth can cool down. But we do not know of any painless way to reduce inflation".
Powell also confirmed a large labor shortage, which is mutually proportional to a decrease in inflation.
"We have a shortage of labor. And this is what prevents the reduction of inflation. The salary increase is still very high, but the increase is decreasing. And this is good, because too high wage inflation leads to price inflation. Our mandate is about price inflation, not wage inflation. But our workforce has really shrunk."
-
24:25
Vovan & Lexus
7 days agoPrank with Radoslaw Sikorski
102K7 -
UPCOMING
The Big Mig™
1 hour agoDHS -”5 Assassination Teams Actively Trying To Kill Trump”
2547 -
58:33
The Body Language Guy
2 hours agoTrump BREAKS the internet, Kamala DROPS, Newsom BANS MEMES and MOAR!
18.2K7 -
VIVA TV
4 hours agoHank and Chaps Tee It Up in a Dartboard Rematch Presented by Fireball
15.7K -
46:18
Kimberly Guilfoyle
6 hours agoFed up: it’s time for answers, live with Pat Brosnan, Steve Moore & Karoline Leavitt | Ep. 159
31.4K30 -
1:03:41
Redacted News
3 hours agoDeep State PREPARING You For Election Night Turmoil, Fed just admitted the truth | Redacted News
87.2K180 -
46:17
Candace Show Podcast
3 hours agoGuess Who’s Back? I’m Out of YouTube Jail. | Candace Ep 68
76.6K287 -
1:59:23
Revenge of the Cis
4 hours agoEpisode 1377: Bad Boys
41.2K5 -
16:14:11
Right Side Broadcasting Network
6 days agoLIVE REPLAY: President Trump Holds a Rally in Uniondale, New York - 9/18/24
610K384 -
3:46
Cooking with Gruel
1 day agoHow to Make Your Own Doritos
40.3K13