Chairman Powell of the Fed tells us the Fed is lost…

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by j_stars

Chairman Powell of the Fed explains the Fed’s actions in control of monetary policy and the economy: “As is often the case, we are navigating by the stars under cloudy skies. ”

In other words, Powell is claiming they are lost.

See also  700K jobs lost in 2 months. Long-term unemployment is projected to double in the coming months.
See also  883,000 more unemployed than last year; 1.342 million full-time jobs lost.

https://www.federalreserve.gov/newsevents/speech/powell20230825a.htm