The Beatings Will Continue - The Daily Reckoning
The Beatings Will Continue The beatings will continue until morale improves. The Hon. Jerome H. Mr. Powell, in statements this Tuesday: There is a long way to go to maximum employment… We live in a time where there is significant disinflationary pressures around the world and where essentially all major advanced economy’s central banks have struggled to get to 2% (inflation). We believe we can do it, we believe we will do it. It may take more than three years… Here Mr. Powell’s understrapper — Federal Reserve Governor Lael Brainard — grabs the knout: The economy remains far from o...
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