With inflation showing no signs of slowing down any time soon, chairman of the Federal Reserve Jerome Powell has been reluctant to warn Americans that it may be necessary to plunge the nation into a recession in order to curb rising prices.
Inflation rose more than expected in May, leaving Powell to decide whether or not the Fed should push tougher monetary policy to get things back on track.
Powell has hinted at the fact there may be an imminent recession, but has not used the “r-word” outright, given the images it conjures up for regular Americans.
Bloomberg analysts have predicted that the chances of a recession in 2022 are one in four, but raised the probability to three in four for 2023, saying a recession will be “hard to avoid” then.
At a news conference on Friday, President Joe Biden continued to blame Russian President Vladimir Putin for record high gas prices, and responded to reports of record high inflation by saying America can “tackle inflation from a position of strength.”
”READ FULL ARTICLE: https://thepostmillennial.com/bidendestroysamerica-trends-on-twitter-as-inflation-pummels-american-families
”AT THIS MOMENT, THE PEOPLE HAVE TO DO SOMETHING AND FIND WAYS OF TRYING TO IMPEACH THIS FOOL IN OFFICE. ITS OBVIOUS HES DOING THIS ON PURPOSE.
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