4 ways Powell just confirmed the economy is getting worse

  • Fewer job gains – hiring momentum is fading.

  • Higher unemployment – more people are out of work.

  • Higher inflation – prices are still running hotter than families can afford.

  • Lower GDP growth – the economy is slowing, now at 1.5% vs. 2.5% last year.

Fed Chairman Jerome Powell just admitted the economy has fewer job gains, higher unemployment, higher inflation, AND a lower GDP:“1.5% down from 2.5% last year."
byu/TonyLiberty inFluentInFinance

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