News for hackers. Stuff that matters.

A comment on US economy returned to growth last quarter, expanding 2.6%. Parent comment

Re:US economy returned to growth last quarter, expanding 2.6% by JumpCrisscross on Thursday October 27, 2022 @12:24PM (#33359967)
> Jerome Powell said this several times to Congress

No, he didn’t [1]. The Fed’s statements to Congress are tightly scripted, in part so professionals can pick the meat from such popular nonsense.

[1] https://www.federalreserve.gov/newsevents/testimony/powell20...

[ Parent | on HN ]
Re:US economy returned to growth last quarter, expanding 2.6% by yieldcrv on Thursday October 27, 2022 @02:15PM (#33361658)
tightly scripted to be vague

https://www.bloomberg.com/news/articles/2022-09-21/powell-si...

> Powell told reporters several times that a softer labor market may be necessary to sufficiently bring down demand.

[ Parent | on HN ]