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Economy

progree

(11,498 posts)

5. I remembered the relentless pressure, but I had forgotten that Powell had actually knuckled under,

Reply to peppertree (Reply #4)

Tue Jan 3, 2023, 11:56 PM

Jan 2023

but he did. Well before the pandemic. While the unemployment rate was at the lowest it had been in decades.

And thanks for your kind remarks and your informative news and insights as well! As well as keeping us up to date on Argentina. We are so overly focused on the U.S. and U.K. economies at DU, so it's good to know how things are going elsewhere. And Happy New Year to you too!

I spent the first two hours or so of New Years Day thinking I had to reset the clocks, but I finally got that out of my head

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US Jobless Claims Rise Slightly But Remain Near Historic Lows [View all] mahatmakanejeeves Dec 2022 OP

From the source: mahatmakanejeeves Dec 2022 #1

The Fed, of course, is trying to change that peppertree Dec 2022 #2

Hmm, yes, what's interesting is that the fed funds rate peaked in the 1st half of 2019 progree Dec 2022 #3

Sure. You'll recall that Trump openly arm-twisted him to cut rates - regardless of anything else peppertree Jan 2023 #4

I remembered the relentless pressure, but I had forgotten that Powell had actually knuckled under, progree Jan 2023 #5

You're welcome. Never a dull moment down there. peppertree Jan 2023 #6