Powell: "Job gains have slowed and downside risks to employment have risen. At the same time, inflation has risen recently and remains somewhat elevated ... GDP rose at a pace of around 1.5% in the first half of the year, down from 2.5% last year." pic.twitter.com/CoIWhMHwLv
— Aaron Rupar (@atrupar) September 17, 2025
Powell: "Overall, the marked slowing in both the supply of and demand for workers is unusual. In this less dynamic and somewhat softer labor market, the downside risks to employment seem to have risen." pic.twitter.com/aVEBuHIC6b
— Aaron Rupar (@atrupar) September 17, 2025
Powell: "In the near term, risks to inflation are tilted to the upside and risks to employment to the downside -- a challenging situation."
— Aaron Rupar (@atrupar) September 17, 2025
(In other words, stagflation) pic.twitter.com/t72YCjmYA7
Powell: "There's very little growth if any in the supply of workers, and at the same time demands for workers has also come down quite sharply to the point where we see what I've called a curious balance. In this case, the balance is because both supply and demand have come down… pic.twitter.com/n521qsCPhE
— Aaron Rupar (@atrupar) September 17, 2025
Powell: "There's very little growth if any in the supply of workers, and at the same time demands for workers has also come down quite sharply to the point where we see what I've called a curious balance. In this case, the balance is because both supply and demand have come down quite sharply."
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ReplyDeleterefreshing to see someone in government talking like an adult, even if what he's saying isn't reassuring. Same goes for Rep Crockett, from the other post
ReplyDelete(if I had a kingdom, would I trade it for. an edit function? tempting)