/biz/ - Business & Finance

>>56073891
It’ll take 7% unemployment before Powell does something. We go over 5% unemployment and he’ll say it’s temporary. We go over 6% and he’ll say he’ll start looking at their options. We hit 7% and he’s definitely cutting rates. Yes Volcker had up to 10% unemployment at one point, but Powell knows that would unacceptable these days

>Powell hasn’t even done anything yet

What’s he gonna do /smg/? I’m assuming he’ll reiterate were getting one more rate hike in September based on June’s Summary of Economic projections and the resilience of the economy, but what else is he going to say?

>>55225421
I’m a bear until the yield curve goes back to normal

>but this time it’s different!

Yes yes this is the one fucking time it’s different except bulls can’t explain why. We’ve fixed this situation before and we’ll fix it again. It’ll just take a little bit of real pain and suffering before it can be solved. Powell won’t replicate the mistakes Arthur Burns made in the 1970s