Fed Chair Powell: Fed staff are no longer forecasting recession

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My company just canceled everyone's bonus and merit increases for the year. People will likely be cutting back in the coming months. I'm calling BS here.

SportyGeek

I work for a well recognized food brand. It’s a private company that is #1 in sales.
We are caught up and we have inventory in the warehouses.
So, just imagine other companies who may be struggling. They may not make it

tennesseesawmillguy

Unemployment is a lagging indicator of up to 2 years. The Fed may well be tightening the economy when already the leading indicators are in recession.

erongi

Does anyone notice the man in the beginning whose shirt is ripped off near his collar?

rockroosterfootwear

Sales in the company I work for have been down for 5 months. They've been down 77% and the old timers that work there say there's never been a missed bonus in 15 years. I haven't been paid my bonus for 2 quarters.

Day

Beef at my supermarket has gone up two dollars a pound in the last twelve months and they can’t admit that we’re already in a recession with more pain to come? Really?

Mike-wcns

Never in history have the people had more ways to entertain themselves. Never in history have the people had more ways to legally intoxicate and inebriate themselves. Never in history have the people had more ways to gamble their money away. When I was a kid the only phone in my parents house was a rotary dial phone. Today every adult and most teens have a >$1000 phone in their pocket. My mind is blown by how good the economy is. And I've said that every day for the last 30 years.

Winstoneatstheworld

Fed Chair Powell: Fed staff are no longer forecasting recession

Fed Chair Powell: Fed staff are no longer forecasting recession

Fed to shrink staff by about 10% over next several years #shorts #fed #federalreserve #cuts #powell

Powell: Fed Staff No Longer Forecasting Recession

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