October 4, 2022 3:07 pm

Where Ted Talks end, Truth Talks begin.

US Recession Whispers Becoming A Roar – Politico

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest
Share on whatsapp
WhatsApp
Share on telegram
Telegram

Where Ted Talks end, Truth Talks begin.
Defending democracy by defending free speech

Opinion pieces don’t necessarily reflect the position of our news site but of our Opinion writers.

US Recession Whispers Becoming A Roar – Politico

By RT News

The Fed may tolerate an economic slump in order to tame inflation, the publication said.

The alarm over a looming recession is growing louder in the US, as the government struggles to control soaring prices, Politico reported on Tuesday.

“From Wall Street to Washington, whispers about a coming economic slump have risen to nearly a roar,” the publication writes, adding that the Federal Reserve’s “aggressive” policy sent stocks tumbling to their worst performance in decades and plunged consumer confidence to record lows.

Fed Chair Jerome Powell said last month that a recession was “certainly a possibility” and that the central bank wanted to “get inflation back down to 2%.” Powell’s comments followed a hike in interest rates by 75 basis points, the biggest increase in three decades. Wall Street’s benchmark for many stock funds, the S&P 500, reacted by losing 20% by the end of June, in what’s become in the worst half of a year for US stocks since 1970. The inflation rate reached a 40-year high of 8.6% in May.

According to Politico, the central bank’s apparent willingness to tolerate an economic downturn if it helps bring inflation under control doesn’t sit well with the American people. Critics cited by the publication claim the abrupt increases in borrowing costs will lead to a surge in lay-offs and “drive the economy off a cliff.”

Powell said last week that “overall, the US economy is well positioned to withstand tighter monetary policy.” According to Bloomberg, however, about a third of economists say a recession in the US is likely in the next two years.

The situation could be made worse by other factors, Politico says, such as the potential nosedive of housing prices or an escalation of the conflict in Ukraine, which could lead to further increases in oil and food prices.

Opinion pieces don’t necessarily reflect the position of our news site but of our Opinion writers.

*Note We Deliberately Miss Spell Some Words or Add Capital Letters To Get Around Big Tech Censoring.

Support the ANR from as little as $50 – it only takes a minute. If you can, please consider supporting us with a regular amount each month. Thank you.

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on pinterest
Pinterest
Share on whatsapp
WhatsApp
Share on telegram
Telegram

Related News

Where Ted Talks end, Truth Talks begin.
Defending democracy by defending free speech

Subscribe for free to our ANR news emails and access 2 free ebooks plus Reports to share with family and friends about Covid fraud and the danger of the vaccines.

Help us help defend free speech and save democracy from the World Economic Forum planned Totalitarian Great Reset.

and help us expose the Covid Fraudsters

Leave a Reply

Your email address will not be published.

Play Video

McIntyre Report
Political Talk Show

How you can advertise on Truthbook.social

Jamie McIntyre
TruthBook.social Videos

Help us help defend free speech and save democracy from the World Economic Forum planned Totalitarian Great Reset.

and help us expose the Covid Fraudsters

Ukraine. Military Summary And Analysis 03.10.2022

Raw Report

Ryan Jackson Saw show

in USD

in AUD

in GBP

in CAD

Jamie McIntyre

ANR on

Currency Exchange Rates in AUD

Live and updated every minute of the day

Nurses Speak Out

Get our free News Emails on latest articles, alerts and solutions for both legal templates and ways to help fight back against the Globalists vax Mandates , and health resources to boost your immune system and ways to Protect from deadly EMF 5G radiation and more.

FREE E-BOOKS AND REPORTS ALSO

ANR Meme Report

with Nadine Roberts

Episode 002

21st Century Political System

Play Video

Editor's Pick

Thank you for visiting the
Australian National Review

To continue accessing more articles for free simply enter your email address

TruthTalks business partnership

Ideal for freedom movement activists, influencers, digital nomads, content creators and those who refuse to be silenced and want to expose the Globalists Agenda .

Truth Talks Partner Opportunity

Click here to learn more about this opportunity and how 12 online clients per year can earn you $203,000 USD per annum

Download the Full PDF - THE COVID-19 FRAUD & WAR ON HUMANITY