Powell’s panel discussion was briefly hijacked by climate protestors. After the amusing interruption, Powell claims the Fed isn’t even thinking about rate cuts. Really, Powell? How can they not be talking about it when that’s their main tool? Even if they reject it, they must discuss it.
Powell’s denial is just a show. They’re concerned about inflation, pushing the narrative of a resilient consumer. But are they really resilient or just surviving by depleting savings, maxing credit cards, and taking extra jobs?
The consumer is wounded, bleeding, and surviving on borrowed time. The Fed’s talk won’t change that. Inflation keeps rising, deficits soar, and the consumer can’t dodge bullets forever. Powell’s narrative is a distraction from the real issues.
This clip is from Episode 930 of The Peter Schiff Show. To listen to the full episode, visit
SchiffRadio.com
#powell #fed #inflation #consumers #debt #money #jobs