Tag Archives: Jerome Powell

Jerome Powell Talked to Senate Banking Committee on Tuesday

On February 23, Jerome H. Powell, the Federal Reserve chair, testified to lawmakers on the economic rebound from the pandemic recession and the threat of future inflation. Equity markets continue to trade wildly as GameStop and Tesla continue to attract speculators as the Fed is seen as a savior no matter what. We all know […]

Deficit Surges in October

Our federal government’s budget deficit during October rose 34% versus a year ago to over 134 billion dollars; the deficit should breach one trillion dollars for the fiscal year 2020. The last time the deficit was that high occurred eight years ago when the federal government spent money like crazy to keep the economy and […]

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