Jamie Dimon - A Hurricane is coming for the economy

Celticguy said:
they had ceased being QE (a temporary measure to solve a problem) and he was trying to get us out of the Obama malaise.
Thats why its going to have a much harder impact trying to live without it.
Unfortunately it wont jsut impact Wall Street and will hurt Main Street far worse.
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GMAFB with this tired ass MAGA mush "it's all Obama's fault".

the man inherited an economy that was circling the drain thanks to 8 years of reaganomics on steroids courtesy of the Shrub....the final of those policies went into effect in the first year of the first Obama term. That he was able to get the economy on the upswing DESPITE UNPRECEDENTED GOP STONE WALLING was damned impressive.

Now with regards to the OP, see my posts #48 and #56. Nuff said.
 
Powell admits Dimon is right.

https://finance.yahoo.com/news/fed-delivers-fuzzier-rate-message-090000258.html

[FONT=&quot]With half-point interest-rate increases all but certain in June and July, Federal Reserve officials are shifting the focus away from a destination on hikes to something that’s trickier to determine and explain: the broader impact of their policies on the economy.[/FONT][FONT=&quot]At the start of the hiking cycle, Chair Jerome Powell said the goal was “getting rates back up to more neutral levels as quickly as we practicably can.” In May, however, he walked back from the concept of neutral -- a level that neither slows nor speeds up growth -- cautioning that the discussion had a “sort of false precision.”[/FONT]
[FONT=&quot]“You know, you’re going to raise rates, and you’re going to be kind of inquiring how that is affecting the economy through financial conditions,” he said.[/FONT]
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