Recession likelihood is not elevated, says Fed Chair Jerome Powell

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[funstuff]

Recession likelihood is not elevated. - Fed Chair JPow ……from the same people who told us inflation was transitory.

[wyaldkingdom]

So basically a recession is 'transitory'. Got it. See you guys at the job fair!

[wiebeplatt]

Here are three guidelines to think about when investing over a short time horizon: Determine your level of risk Consider short-term instruments Synchronize goal timing with your assets

[aqadaptiveintelligence]

Every time Powell lies the S&P goes down even more.

[griffinsutich]

When they tell you not to panic that's when you should run!

[ryugurena]

Powell: "Poor people will be fine lmao they got money!"

[floxydorathy]

his bear market is a prime example of why we should have a strong foundation built & cash position in our investment portfolios. Allows you to handle the volatility more comfortably, giving you a peace of mind & take advantage of high-quality companies at a discounted price.

[go]

GDP was negative in the first quarter. Even an optimistic person would still see a recession as likely. Unemployment won’t stay at 3.5% forever.

[Mcdd-_-]

Despite the fact that I have a relatively concentrated portfolio, occasionally it makes sense to add a tiny additional investment. Diversification is not its purpose. A useful diversion from obsessively overanalyzing what you currently have is to concentrate on something new. It gives you and your portfolio some room to breathe.

[svengurglani]

He also said a recession might happen and that Ukraine is not significantly impacting inflation, in another part of his testimony.

[gaileickhoff]

I read about a man in his 50s that started investing in stocks and real estate, then retired in 2years with over $6million, that right there is my utmost goal and I'd really appreciate clues and tips on how to reach this goal within 5years

[ronaldkrikorian]

Jerome has absolutely no clue! Where did they find this guy! The reason you’re in this mess is because of him! He was printing $1, 000, 090, 000.00 a day! WTH is he thinking??? Now he wants to DIGITALIZE the American WHAT!!!! Greetings from Australia 🇦🇺

[hdaviator]

What other answer is he supposed to give? If he says there could be a recession, it will probably create a recession right then and there.

[TToTToTT]

guys... in the entire history of the fed, they have only managed one soft landing (in '94) amidst high inflationary environments (above 5%).

let that sink in

[JohnSmith-gyrc]

Let me translate for the uninitiated [in how the Fed and government work]: "There is going to be the mother of all recessions, it is coming, and there is nothing anyone can do to stop it."

[cincytraders]

They also said “Inflation is transitory…”

[andre-le-bone-aparte]

@0:37 - "The Consumer Is Strong" is the next "Transitory" - My dude, no one is "strong" when they are paying a minimum of 2X for their utilites, fuel, food, and shelter. They don't have an option.

[craigenputtock]

No, it's not elevated. It's already here and it's going to get A LOT worse.

[pteranodon]

Do you think Jerome Powell would admit that he thinks we're going into a recession?

[erickuribe]

He said no one has been able to forecast a recession regularly. Pshhh. Seems like Michael Burry is always on point.