He talks about it, whether it will cut interest rates or cut rates by next year
SnowyYeti
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Powell may trigger an economic crisis on the scale of 1929, as the United States is currently in debt to the world, and the global economy is also declining. This is an excellent window for lowering interest rates to combat inflation and reduce debt. It is not so simple for Powell to single-handedly disrupt the fate of the United States; he is destined to be nailed to the pillar of historical shame.
In 1929, the stock market crashed, yet interest rates continued to rise, adhering to classical macroeconomic theories that were reluctant to allow other countries indebted to the U.S. to devalue, leading to a catastrophic downfall.
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