Federal Reserve Chairman Jerome Powell said during a press conference on Wednesday that he does not believe America is in the midst of a recession.
He explained his reasoning by saying that “too many” parts of the economy are doing “too well” — he highlighted the labor market to make his point.
Powell’s comments come as Americans continue to be soaked by soaring inflation and the Fed seeks to address the problem.”Hey Powell, leave Washington and talk to any middle class worker for five seconds…we’re in a recession. A terrible one,” Steve Cortes tweeted on Wednesday. u201cHey Powell, leave Washington and […]