Federal Reserve Bank of Atlanta President Raphael Bostic says his colleagues “don’t know how much” job loss or economic impact could result from a hot inflation pace. #FOXBusiness
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What this guy was saying is America has such good strong bone, so it can afford to be messed up by these corrupt Democrats in power including the Treasury department and Fed leaders. So the pains belong to the American people, suck it up!
The rich get richer. The poor will suffer immensely.
I have never heard so many conflicting statement in such a short time……
This guy is a complete sell out who made millions trading inside information. It's easy to say "just play the game" when you cheat.
Some companies on the East coast are now eather restructuring to have less human employees " automation" or down sizing altogether. The help wanted signs are coming down.
DEPRESSION
Drain the swamp!
Biden’s whole administration is nothing but painful
Same song Jimmy Carter sang in his debate with Reagan in 1980. "Americans must be prepared to accept a permanently reduced standard of living." And yes, the video of their debate is on YouTube so you can check it out for yourself. Walter Mondale sang the same tune in 1984 when he ran against Reagan on the platform of raising taxes. I know of Roosevelt Democrats who used to say that they wished there would be another Great Depression so that everyone would lose everything. Democrats want pain, they want misery. It started with Carter, slowed some with Clinton, but now contemporary Dems are trying to tear down the country and inflict as much misery as possible as fast they can. They're going so far as to promote the narrative that Americans must accept permanent hardship and third world standards of living. But does anyone want to bet whether they'll apply this to themselves? This is precisely why I no longer vote Democrat in spite of the fact that I once used to be a stauch Democrat. The Democratic party of Trumann and Kennedy does not exist anymore. It's not even the Democratic party of Bill Clinton anymore.
When he says we might have some job losses, he means remember 2009 through 2013 yeah those days how horrible it was yeah that's nothing for what's coming. That would be the equivalent of just walking through the theater doors. The Nightmare the Democrats and Biden and everybody who sold their soul to whomever gave them power is going to show you what a real third world country will look like and how quickly you can turn the United States into Venezuela
First you have to have Supply before you can deal with the demand and we're talking about supply of oil supply of good-paying jobs supply of a stable economy and a supply of election integrity
The only momentum in the economy is the Free Fall toward the abyss
Fed spending is a big part of inflation.
Maybe we should consider Raphael Bostic as a presidential candidate. We badly need businessmen and economists in office instead of the trash that we have.
doesn't feel like a recession to joe…………not a joke…………..
when they say a mild one, I am more scared
Why no foxmom cup?
This guy is a stooge
Way to dodge the spending question lol.
The Central Bank Digital Currency will fail to manifest.
Lets switch to Plan B.
Either this guy is not being honest or he is clueless.
of course it will be just a mild recession we only had the 1st large scale pandemic in 110 years….
Pain that Powell and biden engineered. Powell didn't raise rates today to slow inflation .
This guy thinks 300B on student loan bailouts isn't a big deal lol
Huh – contracting labor market now happening on top of the other inflationary "symptoms" … we're facing stagflation, not recession. 😵💫
Black guy is lieing thru lib teeth
If Government distributes inflationary free money, Fed will keep interest rates high, driving the economy into
recession, negating any benefits of it to low and middle income families. Powell is looking for fiscal restrains.
Seems like the government went on a big lavish spending spree and now the little people get to feel the pain.
When they throw around wording such as “job loss” the average American cannot help but take that in against the backdrop of tremendous job loss that began under Covid shutdown and hasn’t ended yet but is no longer spoken of. So what are we to make of predicted JOB LOSS?
We Haven't Seen The Latest 900 Million Dollars Biden Just Spent Kick In Yet Won't be till After Midterms Are You Serious ⁉️ Yes Layoffs are Coming And Fuel This Winter Will Be Astronomical 💯🎯✔️
Biden supporters deserve what’s coming
Translation – BOHICA
G the be federal reserve should be shout down, America needs to remove the major tyranny; it s the federal bank owned by a few to much power!!! The awaking 2030 people will take back America
Zero interest removes "interest" in saving money in banks? By "people"!
401k funds still losing value infuriates security investors.
DODGES THE QUESTION ABOUT CONSTANT BILLIONS IN GOV SPENDING. COMPLETE DODGE. SAYS "SMALL IMPACT" – 4 TRILLION DOLLARS SPENT IS "SMALL IMPACT?" HAHAHAHAHA
1. Bostic punted the inflationary impact of billions more spending because he considers it a "political" question, but if he expected negligible impact, he'd have said as much. 2. The creation of job losses is intentional in the inflationary spending to generate new "welfare" reliance upon government… remember: "You will own nothing and be happy." KDM
How in the hell did these talking heads redefine "recession" as it has been for decades? Answer, is because they can. I have never seen times such as these when those in power do what they want with impunity , censoring , canceling , breaking the law in broad daylight and a President and his family as corrupt as any we have ever had and no one , no law enforcement agency will touch it.All of this and the media is complicit. Who in the hell are they calling Fascists?
I really hate it when Fed Chair Jerome Powel gives a press conference. He should have told us how the Fed created this Delima with excessive quantitative injection in the economy. Now to fix it interest rates must be raised and people must be put out of work to slow the economy down. There i said it because that is EXACTLY what is going to happen.